UMA's 48-Hour Governance Workout: Securing the Optimistic Oracle

馃敭 Governance gains in 48 hours?

By UMA
Oct 10, 2024, 2:04 PM
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UMA's governance process for its Optimistic Oracle follows a 48-hour cycle:

1.​ Stake: Participants commit resources 2.​ Vote: Community members cast their decisions 3.​ Reveal: Votes are disclosed 4.​ Repeat: The process starts anew

This system leverages game theory to maintain security.​ By incentivizing honest participation and penalizing malicious behavior, UMA creates a robust mechanism for decentralized decision-making.​

The iterative nature of this process allows for continuous refinement and adaptation to changing conditions in the Web3 ecosystem.​

To learn more about UMA's governance model and how it contributes to the security of the Optimistic Oracle, visit their official documentation or community forums.​

Sources

Stake, vote, reveal, repeat: UMA's 48-hour governance workout. Game theory keeps the Optimistic Oracle secure 馃敭 Learn more 馃憞

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The commit phase of the current voting round is OPEN with 24 hours remaining. 馃敶 Israeli forces enters Lebanon in September? [x2] 馃敶 Will Russia capture Vuhledar before October? [x2] 馃敶 Will Israel invade Lebanon in September? [x2] 馃敶 Eigenlayer airdrop by September 30? [x2] 馃敶

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