UMA
@UMAprotocol
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The optimistic oracle that verifies anything - the trusted source of truth onchain. Securing @Polymarket, @AcrossProtocol, @StoryProtocol, and more.
Truth. Onchain.
Joined December 2018
What happens when you teach an AI to understand markets and propose truth? . We’re finding out.
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You can build bots to monitor proposal opportunities and submit instantly. UMA encourages automation, but does not provide these services.
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Incentive structure:. 🔴 Propose correctly = earn the posted reward. 🔴 Propose incorrectly or too early = lose your bond. Truth is profitable. Mistakes are costly.
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How to propose data:. 1⃣ Open the UMA OO dApp → “Propose” tab.2⃣ Pick a live query.3⃣ Post a bond + your proposed answer.4⃣ If undisputed during the liveness window, your proposal is finalized onchain and you earn a reward. UMA OO dApp:
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Types of data you can propose:.🔴 Asset prices.🔴 Sporting outcomes.🔴 Governance results.🔴 Hack confirmations.🔴 Crosschain transfers.🔴 IP disputes.🔴 Anything verifiable with public evidence.
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Truth doesn’t just appear onchain. It gets proposed. With the optimistic oracle, you can propose answers to open data requests and earn rewards for being right. Here’s what you need to know. 🧵
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The optimistic oracle.
@dee_nftarmy oracle networks like @chainlink and @PythNetwork gather and publish data from verified sources (eg UEFA in this case) onchain. other oracle networks like @UMAprotocol go a more “optimistic” route where they assume it’s true unless it’s contested, and there is an economic.
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Summary.This UMIP proposes whitelist housekeeping across Ethereum mainnet, Polygon, Arbitrum, Optimism, Base, and Blast:. Remove a defined set of deprecated currency addresses from each network’s whitelist. Reset final fees to 0 for removed currencies. Update final fees for WETH.
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UMIP 190: Whitelist and Fee Updates. Vote is now live.
The commit phase of the current voting round is currently OPEN. 🔴 Will the price of Bitcoin be between $111K and $112K on August 28 at 4PM ET?.🔴 Will the price of Bitcoin be between $112K and $113K on August 28 at 4PM ET?.🔴 Will the highest temperature in New York City be.
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UMA can handle the truth.
Prediction markets need truth. @UMAprotocol is in the business of truth . The oracle facilitates answers to thousands of different questions every month. It is built to handle anything that can be thrown at it, which is insanely cool. It is a truth machine.
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UMA assertions have gone parabolic over the last year. Between August 2021 and August 2023, UMA handled ~9,000 assertions. In 2025, we are set to surpass that figure in August alone. Truth. Onchain.
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Truth by consensus.
There might be people telling the truth in reporting. But we don't even have a way to agree who they are. And that makes it incredibly hard for democracy to work, and it also makes conversations with dullards excruciating. Polymarket fixes this!.
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Polymarket is coming home 🇺🇸.
Excited to welcome @DonaldJTrumpJr's fund @1789Capital as a strategic investor in Polymarket ahead of our US launch. Don will also be joining our advisory board. Assembling the avengers. We're coming home 🇺🇸
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