UMA has announced the launch of oSnap, a new feature that expands the functionality of the Safe. Once enabled, oSnap allows users to perform all the actions a Safe can do, including sending funds, deploying tokens, and upgrading contracts. This feature also enables users to run an entire protocol trustlessly, without the need for multisig approval.
Once enabled from your Safe, oSnap can do anything a Safe can. Send funds, deploy tokens, upgrade contracts. Run an entire protocol trustlessly, without needing multisig approval.
Huge news for @MeritCircle_IO, one of the largest gaming DAOs. They're migrating from $MC to $BEAM and launching their own @avax subnet. These are the types of DAO decisions that I would love to see use oSnap for trustless execution. Let's explore how it would work.
UMA Shows Across-the-Board Growth in Key Metrics
UMA's latest update reveals **positive momentum across all core metrics**: - **Assertion rate**: Increasing activity - **Undisputed assertion rate**: Higher confidence in submissions - **Staked $UMA**: Growing token commitment - **Voters**: Expanding participation in governance - **Unique wallet addresses**: Broader user adoption - **Volume**: Rising transaction activity - **Partnerships**: New collaborations forming - **Verifiers**: More network validators This comprehensive growth follows UMA's **parabolic assertion growth** over the past year. The protocol handled ~9,000 assertions between August 2021-2023, but is on track to **surpass that entire figure in August 2025 alone**. Recent dispute voting saw **333 unique addresses commit 23.5M staked $UMA**, demonstrating strong community engagement in securing truth onchain. *Participate in UMA governance at [vote.uma.xyz](https://vote.uma.xyz/)*
UMA Reaches $17.5B in Prediction Market Volume
**UMA has become the dominant oracle for prediction markets**, securing $17.5 billion in total volume across platforms. The protocol serves as the **industry standard oracle** for major prediction market platforms including Polymarket, providing decentralized verification of real-world outcomes. **Key metrics:** - $17.5B in prediction market volume secured - $30B in total bridging volume (as of Sept 5) - $2B+ in total value secured UMA's **optimistic oracle system** enables trustless settlement of prediction markets by verifying real-world events onchain. The protocol has established itself as critical infrastructure for the growing prediction market sector. Total Value Locked doesn't fully capture UMA's adoption, which spans bridge volume through Across Protocol and betting volume through platforms like Polymarket.
馃敆 Cross-Chain Buzz
**Two major trends** are capturing crypto Twitter's attention: - **Cross-chain interoperability** solutions gaining momentum - **Prediction markets** seeing increased adoption **UMA's expanding role** as the security backbone for key protocols: - Secures **Across Protocol** for cross-chain bridging - Powers **Polymarket** prediction infrastructure Both sectors represent critical infrastructure as the multi-chain ecosystem matures. Cross-chain solutions address fragmentation while prediction markets offer new ways to aggregate information and hedge risk. UMA's optimistic oracle technology provides the dispute resolution mechanism these protocols need to operate securely across different blockchains.
馃敭 Truth Onchain
**Truth verification moves onchain** with expanded orb integration capabilities. The latest development builds on previous onchain truth initiatives, now incorporating **orb-based verification systems**. This represents a continued evolution in decentralized truth validation mechanisms. - Enhanced verification through orb technology - Builds on existing onchain truth infrastructure - Expands validation capabilities beyond traditional methods The integration suggests a **multi-layered approach** to truth verification, combining blockchain immutability with orb-based consensus mechanisms.
馃敭 Truth Pays

**UMA's Optimistic Oracle** lets you earn rewards by proposing correct answers to onchain data requests. **What you can propose:** - Asset prices - Sports outcomes - Governance results - Hack confirmations - Cross-chain transfers - IP disputes - Any verifiable public data **How it works:** 1. Visit the [UMA OO dApp](https://oracle.uma.xyz/propose) 2. Choose a live query 3. Post a bond + your answer 4. If unchallenged during the liveness window, earn rewards **Risk/reward structure:** - **Correct proposals** = earn posted rewards - **Wrong proposals** = lose your bond You can build bots to automate proposal monitoring, though UMA doesn't provide these services directly. [Start proposing here](https://oracle.uma.xyz/propose)