UMA

Vega Protocol has developed the first derivatives market for Eigenlayer points, with the Optimistic Oracle (OO) being used to settle these Points Markets onchain. To learn more about how the OO secures Vega's Points Markets, check out their latest blog post.

The Optimistic Oracle (OO), a decentralized oracle platform, has witnessed a remarkable surge in its Total Value Secured (TVS). Three weeks ago, the OO surpassed the $1 billion TVS milestone, and now, it has exceeded $1.5 billion. The growth trajectory appears to be exponential, indicating the increasing adoption and utilization of the platform's services. While granular data tracking the OO's TVS is currently unavailable, the platform's community highlights its role in building across protocols and leveraging the oSnap technology.

The protocol that benefits from consuming price updates can now generate revenue by wrapping its Chainlink price feed with Oval. Oval is live on the Ethereum mainnet, allowing lending protocols using Chainlink to integrate Oval easily. Learn more about how to get paid when consuming prices.

$1 billion in liquidations occurred today, with tens or hundreds of millions in MEV generated. Protocols not utilizing Oval for MEV capture have incurred losses.

$382,872 worth of bets were made on Polymarket on whether CZ_Binance would be sent to jail before March. However, CZ is still a free man in March. This fact has been verified by the OO with no dispute. For more details on this prediction market, you can view the results on Polymarket.

UMA's Optimistic Oracle is the industry standard for onchain data verification and prediction market resolution, securing platforms like Polymarket and ForeProtocol. With over $1 billion secured, UMA shows that optimistic verification is the safest solution for bridging, governance, and more. The Total Value Secured is calculated based on the value at risk if the Oracle fails, with projects having their own methodologies. Learn more about UMA's TVS calculation in their documentation.

oSnap TVS has reached a significant milestone by surpassing half a billion dollars in value. The community is grateful to its members for helping to simplify governance. This achievement marks just the beginning, inviting others to unleash the potential of their DAOs with streamlined governance.

Across hit a new all-time high for daily volume, powered by intents and secured by UMA's Optimistic Oracle. The v3 bridging solution is considered the best on the market.

UMA team is currently at ETHDenver, providing information on Oval, prediction markets, and DAO tooling. @AcrossProtocol is hosting events with a $10,000 bounty available for the #BUIDLathon. Across Co-Founder @hal2001 and Tech Lead @mountainwaterpi will be giving presentations on Across V3. @pumpedlunch will be presenting at NERD Labs Knowledge Hack House and Silk Hacker House this week.

oSnap, an optimistic governance platform, is celebrating its first anniversary with notable achievements in decentralized autonomous organizations (DAOs). Among these achievements, CoWSwap secured a treasury of ~$200M using oSnap, while AcrossProtocol executed DAO governance and secured $73M worth of funds. Other collaborations include preventing a malicious proposal in ShapeShift's DAO and enabling DeFi risk management in bProtocoleth. oSnap has been instrumental in automating governance processes for projects like EpochIsland, allowing the minting of Elder NFTs without voting gas. These successes highlight the progress towards true decentralized governance in the UMA community.