UMA

Almost $64 million of Oracle Economic Value (OEV) has been extracted from Aave V2 and V3. Oval can capture millions of dollars of OEV for Aave each year. A temp check for Oval has been posted in Snapshot with the potential to switch it on quickly, requiring no core contract changes or re-audits. Collaboration with Aave delegates aims to explore Oval integration, with risk analysis by service providers @gauntlet_xyz and @chaos_labs. Initial integration on isolated markets like $SNX and $BAL proposed to minimize risk. UMA is committed to close collaboration with Aave's governance framework throughout the process.

MEV (Miner Extractable Value) capture presents an opportunity for lending protocols to access tens of millions of dollars of free money. This can be utilized for reinvestment in various areas such as building, rewarding DAO contributors, or other initiatives based on the decisions of $AAVE and $COMP holders. More insights available with @therollupco.

The launch of Oval has attracted many newcomers to the UMA ecosystem. Before Oval, UMA's Optimistic Oracle secured DeFi blue-chips. The $UMA token plays a key role in this security.

The OO has secured over 12,500 assertions, with 98.32% undisputed. With a TVL approaching a billion dollars, it continues to show its importance as a DeFi primitive.

UMA's oSnap will participate in distributing the next big Arbitrum incentive program, alongside Snapshot Labs, Tally, and Hedgey Finance, if the LTIPP (Long Term Incentive Plan Proposal) passes.

DFXFinance has joined the oSnap platform, providing a decentralized forex trading protocol that allows users to trade forex onchain with fiat-backed stablecoins.

With its intents-based architecture and optimistic verification, Across continues to offer the cheapest option in the market. Customers can rely on Across's cost-effective solution time and time again.

An oSnap proposal has been submitted to TDeveloper DAO with the aim of streamlining their governance and providing autonomy to $CODE holders for onchain proposal execution.

Epoch Island, a DAO with the goal of creating the first Network State by 2030, has announced the integration of oSnap for fully decentralized governance.

ForeProtocol has officially launched their onchain prediction ecosystem on Arbitrum Mainnet, secured by UMA's Optimistic Oracle. Users can participate, create, and validate prediction markets and earn $FORE rewards. To become a market validator, interested individuals can refer to the team's blog post or join the Discord for more information.