UMA Protocol Announces Biggest Honeypot Drop Yet
UMA Protocol Announces Biggest Honeypot Drop Yet
UMA Protocol is launching its biggest honeypot drop yet, with $850 in risk-free ETH to be earned. Participants need to send a liquidation bundle to the Oval RPC instead of directly to MEV-Share. Previous honeypots were filled with over $500 in ETH, offering rewards for cracking them by submitting bundles. Participants can sign up to provide feedback and double their winnings.
The honeypots are live, waiting for MEV searchers to crack them! Each one is filled with +$500 in ETH. Simply submit your bundles, liquidate the honeypots, and earn the rewards inside. PS: Sign up to give us feedback and we’ll double your winnings. x.com/UMAprotocol/st…
Ready to become the first liquidator to use Oval? We're running a Capture the Flag competition to test Oval liquidations. Submit bundles to liquidate test honeypots and win. 💰 Starts on Monday, Feb 19th.
Biggest honeypot yet dropping in about 2 hours. ~$850 in risk free ETH. Just send a liquidation bundle to the Oval RPC instead of straight to MEV-Share. More details in the 2nd post. 👇
Ready to become the first liquidator to use Oval? We're running a Capture the Flag competition to test Oval liquidations. Submit bundles to liquidate test honeypots and win. 💰 Starts on Monday, Feb 19th.
UMA Doubles Minimum Stake Requirement for Voting Gas Rebates to 1000 Tokens
**UMA increases voting participation barrier** Starting November 1st, UMA voters need to stake **1000 $UMA tokens** (up from 500) to qualify for gas rebates. This follows the initial introduction of minimum staking requirements in February 2025, when rebates shifted from universal coverage to requiring 500+ tokens. **Key changes:** - Minimum stake doubles from 500 to 1000 $UMA - Gas rebate eligibility becomes more restrictive - Change reflects ongoing cost management efforts The adjustment continues UMA's strategy to control rebate expenses, which previously surged 5x since July 2024. Full details: [docs.uma.xyz/using-uma/votin](https://docs.uma.xyz/using-uma/votin)
UMA's Optimistic Oracle Secures Polymarket with Real-World Data
**UMA's Optimistic Oracle** brings real-world data onchain to secure prediction markets like Polymarket. The system works through **three key steps**: - **Proposal**: Event outcomes are submitted to the oracle - **Challenge Period**: Proposed outcomes can be disputed within a set timeframe - **Resolution**: Challenged outcomes trigger decentralized dispute resolution This **decentralized approach** eliminates single points of failure, ensuring fair and trustworthy market outcomes through consensus rather than centralized control. **Key achievements**: - Resolved over **10,000 markets** for Polymarket - Secures multiple prediction platforms including poly_bet, ForeProtocol, and predictdotfun The Optimistic Oracle addresses prediction markets' core challenge: **accurately determining real-world event outcomes onchain** while maintaining decentralized integrity.
UMA Voting Platform Restored After Technical Issues
UMA has resolved technical issues that prevented votes from displaying in their dApp frontend. **Key Points:** - Voting functionality has been fully restored - Users can now participate in the current voting round - Platform offers up to 17% APR for staking and voting **What You Can Do:** - Visit [vote.uma.xyz](https://vote.uma.xyz/) to participate - Stake tokens to earn rewards while voting - Don't miss the current voting round The fix ensures voters can once again access UMA's oracle governance through the main interface.
Across Protocol V4 Announces Integration with Succinct Labs and UMA Protocol
Across Protocol has unveiled Version 4 of their bridge solution, marking a significant technical upgrade to their infrastructure. - Integration with Succinct Labs brings enhanced zero-knowledge proof capabilities - Security framework reinforced through UMA Protocol's optimistic oracle system - New version aims to improve cross-chain transaction efficiency The collaboration represents a strategic enhancement of Across's bridging architecture, combining Succinct's ZK technology with UMA's battle-tested security mechanisms.
UMA Dispute Voting Reaches 333 Unique Commits with 23.4M Tokens Staked
The latest UMA dispute voting round demonstrated significant participation with **333 unique commit addresses** and over **23.4M $UMA tokens** staked. This continues the protocol's growth trajectory from Q4 2024, when it first achieved an average of 100 commits per vote, later peaking at 462 commits in a single round. - 333 unique commit addresses - 23,484,787.52 $UMA tokens staked - Consistent growth from Q4 2024 Participate in securing truth onchain at [vote.uma.xyz](https://vote.uma.xyz/)