Open Move Labs
@OpenMoveLabs
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Building Open and Accessible Protocols on @SuiNetwork
Internet
Joined April 2025
Introducing Reef ๐ ๐ฅ๐ฅ๐ฅ Reef is an optimistic oracle that brings real-world data to Sui smart contracts. It assumes claims are correct unless challenged and resolved by authorized resolvers. Key Features: - Optimistic model: Data available immediately if unchallenged -
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Congrats if you made it in๐ฅ This is just the beginning You might wanna hold on tight to your position in the telegram
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gCoral
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OK AM HERE TO TALK ALPHA WITH @CORAL_XCH ๐ซก See you there
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@SuiNetworkNG building open and accessible protocols and products on sui. building @coral_xch w/ @OpenMoveLabs
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Hey looking for a social media manager in Nigeria must be crypto native, have an insane sense of humor with a good enough following and a crazy understanding of meme marketing and virality.
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REL = fraud proof layer for optimistic oracles
@ViDAonX L2s have fraud proofs, but optimistic oracles don't... just token voting (UMA for Uma Oracle) which is obviously flawed because reality gets determined by who has more tokens. You could say: REL = fraud proof layer for optimistic oracles
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๐งตHow $7 million was stolen in broad daylight Two UMA whales voted that a fake Ukraine-Trump mineral deal was "real" - despite zero evidence it existed. Polymarket confirmed it never happened. News outlets reported nothing. Yet users lost everything. The manipulation pattern
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๐งตHow $7 million was stolen in broad daylight Two UMA whales voted that a fake Ukraine-Trump mineral deal was "real" - despite zero evidence it existed. Polymarket confirmed it never happened. News outlets reported nothing. Yet users lost everything. The manipulation pattern
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Letโs be realโฆ blockchains are beasts. Theyโre fast, secure, and unbreakable. But thereโs one big problem nobody talks about enough theyโre blind to the real world. A DeFi protocol canโt check live ETH prices. A prediction market canโt confirm who actually won the match. An
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Blockchains are powerful. Smart contracts are even more powerful. But hereโs the catch: They live in isolation. A smart contract on Sui knows about tokens, wallets, and transactions on-chain. But it has no clue what ETH is trading at, who won last nightโs game, or if it rained
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๐ง๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐ผ๐ฟ๐ฎ๐ฐ๐น๐ฒ๐ ๐๐ผ๐ปโ๐ ๐ฏ๐ฒ ๐ฐ๐ฎ๐๐๐ถ๐ผ๐๐, ๐ถ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ณ๐ฎ๐๐, ๐๐ฒ๐ฐ๐๐ฟ๐ฒ, ๐ฎ๐ป๐ฑ ๐ถ๐ป๐๐ฒ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐ฏ๐น๐ฒ. Thatโs where Reef by @OpenMoveLabs comes in. Reef is designed natively for Sui, leveraging the chainโs speed and scalability to
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Reef = resolver layer, but for way more than just prediction markets. Any protocol needing off-chain data can plug into Reef built for @SuiNetwork
There are four categories all prediction market projects fall into: Platforms - The primary trading venue (Polymarket, Melee) Resolvers - How markets reach resolution (UMA) Frontends - Aggregators with extra info (Axiom) DeFi - Financializing positions on top of platforms
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