UMA

$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.

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.