UMA

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.

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.

DAO voters have spent millions of dollars on gas fees voting onchain. Many DAOs manually repay voters with gas rebates, which is a tedious and inefficient task. The OO offers a solution by automating the rebate payment process for DAOs.

Oval, a solution developed by UMA in collaboration with Flashbots, allows lending protocols to capture a significant portion of the Oracle Extractable Value (OEV) generated during liquidations that was previously lost to the MEV supply chain. Oval runs order flow auctions in Flashbots' MEV-Share to effectively price liquidations and redirects up to 90% of the OEV back to the lending protocols. This helps lending protocols reclaim lost value, improve capital efficiency, and generate revenue from liquidations. The integration of Oval with Chainlink Data Feeds simplifies MEV capture without the need for code changes.

A proposal has been made to utilize the Optimistic Oracle for voter gas rebates on Uniswap, aiming to save Uniswap delegates an average of $4,071 per proposal. This would make voter participation more accessible and sustainable, especially considering that Uniswap delegates have spent over $150,000 on onchain voting. The proposal suggests that the Optimistic Oracle could save a significant amount of money for delegates in the future.

Y2K Finance has integrated the Optimistic Oracle (OO) to secure their risk markets for pegged assets. The OO will take prices from Chainlink Data Feeds on mainnet and validate them on Arbitrum. To learn more about Y2K Finance, check out their product suite.

The introduction of Across v3 brings a seamless, intent-based interoperability layer with game-changing features like Across+ for easier app bridging and Across Settlements for crosschain DEX functionality. Building on its reputation as the fastest and most cost-effective bridge in the EVM, Across v3 is expected to be a significant development with its optimistic verification and intents-based architecture.

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