UMA

Core DAO, an EVM-compatible BTC blockchain, has integrated oSnap, a decentralized governance solution. This integration will enable Core DAO token holders to participate in gas-free voting through Snapshot Labs, trustless on-chain execution, and simplified decentralized governance processes. The oSnap team has invited interested parties to visit their homepage for more information on their governance solutions.

UMA Protocol retweeted news from Index Coop about their upcoming 'Product Revenue Tokens' (PRTs) incentive program. This new incentive will be trialed on a new product called hyETH, which combines strategies from various DeFi protocols including Mantle, Pendle, KelpDAO, Ether.fi, Instadapp, Across Protocol, and UMA Protocol itself. The hyETH product aims to provide exposure to Ethereum-based yield strategies.

UNO has unveiled an updated version of its decentralized application (dApp) featuring an enhanced claim portal designed to mitigate centralization risks and improve claim standards. This development is the result of a partnership with UMA, leveraging UMA's Optimistic Oracle for decentralized claim assessments. Previously, UNO had announced its exploration of integrating UMA's Optimistic Oracle to foster a more decentralized approach to claim evaluation, aiming to refine the process, prioritize transparency, decentralization, and impartiality.

Index Coop, a prominent decentralized finance (DeFi) protocol, has introduced a new product called 'Product Revenue Tokens'. These tokens enable holders to claim a portion of the revenue generated from Index Coop's products, marking a significant innovation in the DeFi space.

EigenLayer points have been launched on the Vega Protocol, a decentralized derivatives exchange secured by UMA. This allows users to trade EigenLayer points, with the possibility of more types of points being added in the future. The launch follows a recent announcement of an upcoming 'alpha drop' event hosted by prominent figures in the Web3 space.

UMA Protocol announces a huge alpha drop hosted by winnyeth with hal2001, barnabee, and others. Vega Protocol has dropped point markets secured by UMA, allowing trading of EigenLayer points with more markets coming soon.

Vega Protocol has developed the first-ever derivatives market for trading Eigenlayer points. This new Points Markets feature will utilize the Optimistic Oracle to securely settle these derivatives on-chain. Further details are available in Vega Protocol's latest blog post.

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.