UMA

MichaelAischmann

You mean the one withe the shitty UMA oracle?

ReasonablePossum_

Polymarket is the problem. They are deflecting all to UMA, but they created it, they specifically made it as a controllable and manipulable "oracle". From the stake based system, to the manual vote reveal process, its all done in a way that can be swayed as "someone" wants. There is a readon no one else uses UMA. Its 99.9% Polymarket. And they close all discussions on fixing the issues because they take away the control. If UMA was the issue, Polymarket would have changed all wrong resolutions and seeked to change oracles since the first day problems appeared. They didnt, and actively gaslighted everyone trying to deflect blame. Its a huge mafia-like run business worse than a casino. You literally have the management telling you that your pair of aces in hands and pair of aces on the table arent the winning hand because "their guy's" pair of 8s is objectively the best hand. You complain, they show the door. Stay away from that place.

MichaelAischmann

After the recent issues with UMA, the oracle used to settle prediction markets on Polygon, I'd like to know what oracle is used by Seer. Is it more decentralized? Can it be disputed?

givenofaux

UMA crash

SpontaneousDream

In about 10 hours we will find out if Polymarket sides with the truth, or with $UMA whales manipulating the resolution system on Polymarket. Feels like another GME-style event. In short, [this market](https://polymarket.com/event/will-zelenskyy-wear-a-suit-before-july?tid=1751896005895) was created about whether Zelenskyy would wear a suit before July. Only issue is that Polymarket never clearly established what constituted a "suit" and what "consensus of credible reporting" means. Many media outlets (50+) including all the major ones have reported he wore a suit- it's not a traditional suit + tie kind of suit, but it is a suit nonetheless. The designer has reported it as such, and of course all the media. Yet whales had already put their bets on NO. Now, the whales are trying to prop up the NO side while huge amounts of money continues to pour in for the YES side- I assume on the speculation that Polymarket will step in and decide to resolve this as 50/50 or as a YES. Right now, a $100 bet on the YES side can pay off $2500. You know what to do.

JustStopppingBye

UMA is not an oracle like chainlink. It relies on on-chain voting by UMA token holders not by data feeds proving it actually happened. Chainlink oracles have been successfully tested by institutions proving they work lol don’t get confused.

SpontaneousDream

I am curious if this controversy over Zelenskyy's suit on Polymarket will turn into a GME-style situation. [https://polymarket.com/event/will-zelenskyy-wear-a-suit-before-july?tid=1751825921023](https://polymarket.com/event/will-zelenskyy-wear-a-suit-before-july?tid=1751825921023) There is a debate over what a "suit" actually is, even though all major news outlets have called Zelenskyy's attire a "suit". Yet the market seems like it will resolve to "No" due to UMA whales buying up the "No" side to influence the outcome. (At least that is my understanding). Thoughts?

CipherScarlatti

UMA - it's just missing the 'D'. "UMAD?"

MichaelAischmann

UMA is the problem.

Sad-Commission-999

Polymarket is really bad with their current decision methods. People keep gaming UMA and basically cheating the results.

coinfeeds-bot

tldr; Polymarket, a crypto-based prediction market platform, faces allegations of manipulation over a $58M bet on whether Ukrainian President Zelenskyy wore a suit before July. Disputes center on whether his June 24 outfit qualifies as a suit, with conflicting interpretations and media reports. UMA, the oracle protocol, has overturned initial resolutions twice, sparking criticism of wealthy token holders influencing outcomes. The controversy raises concerns about Polymarket's credibility amid its reported $200M funding round. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Linux-Operative

alright mate calm your redditor titties. the site is a fun idea especially as a data scientist specialised in CySec I figured it’d be a fun hobby. all that UMA shit isn’t very apparent when you start. obviously you believe in reality. if you played poker you don’t have the table voting with their chips what the actual outcome was after you played. personally I put in $50 made $100 put it all in the Major Iranian Cybersecurity attack and lost it all.

Clarty94

If the dispute resolves to "YES" or "NO", the market ends and funds are paid out. However the previous disputes (and the current ongoing one will as well) resolved to P4 (too early) as they were all proposed before the final due date. So after this vote, it will get re-proposed, most likely disputed, then go to a final UMA vote where it will either resolve YES or NO.

MrGims

You'll soon learn that in life nothing is black and white. In polymarket it is resolved via an oracle, in this case UMA. And UMA has not enough clear info to assert that this was a suit.

GabeSter

This looks brigaded AF. Regardless Polymarket has scammed their users multiple times in the past, and this market will likely end in a scam result as well. Any money someone bets should be assumed to be lost. Polymarket will not refund you if their results end in a way that denies reality. Polymarket will not refund you if the UMA oracle goes rogue and resolves to a false reality. Polymarket will not refund you if they are wrong. If you bet any money on the suit market it should be counted as lost as soon as you place the bet. [Polymarket voters just verifiably got scammed after the UMA Oracle went rogue.](http://reddit.com/r/CryptoCurrency/comments/1jki1lj/polymarket_voters_just_verifiably_got_scammed/)

VjoaJR

If you want to go down the Polymarket UMA wormhole. Also look into the mineral deal and the Iran cyber attack market which was manipulated by UMA whales. This is not a free 100x you are going to get scammed and lose your money.

IOnlyPostIronically

This shit happens in a lot of them. UMA is flawed but Polymarket won’t do anything about it. They don’t want to be the arbiters of the decision making process. All bets should be refunded.

MichaelAischmann

Bad UMA.

stopdontpanick

UMA

timelesssmidgen

Call me a shill if you want, but I'm throwing a couple hundred in and might buy some UMA tokens (the voting tokens) too.

JustStopppingBye

UMA is proprietary service on poly market lol

JustStopppingBye

There’s scams on every chain lol but yes solana is a shit chain that crashes but it’s still used more than XRPL. This thread is literally about UMA oracles and you’re mad I brought up the standard oracle service hahahahahahah.

bratukha0

So...UMA went full rogue agent on the Ukraine deal. Guess reality *is* a suggestion now? 🤷‍♂️

ThinNeighborhood2276

This situation highlights the need for clearer guidelines and timely interventions in prediction markets. Both Polymarket and UMA should refine their processes to prevent such controversies in the future.

ThinNeighborhood2276

This situation highlights the risks of centralized control in supposedly decentralized systems. The reliance on a few UMA token holders to determine outcomes creates a vulnerability that can be exploited, as seen here. It's a stark reminder to be cautious and understand the governance mechanisms of platforms you engage with.

Pineapple_pizza_yes

No no no, I'd go 50/50 on morpheus and UMA, beware; uma can go up A LOT in a few days, top out and then crash out, so u need to watch it. But it's the perfect coin for big gains if u know how to spot the top w all kinds of data.

exitof99

Buying alts. I tried to "diversify" and was actively day trading for a while, but when that massive bear hit a couple years ago, I stopped because everything I had had dropped in value so much. Rather than take a loss, I assumed that I could hold the alts until they rebounded. Instead, most tanked and stayed tanked (GRT, BAL, UMA, ICP, SKL, PERP, MLN, ALGO). Worse, some projects collapsed or were delisted (OMG, MIR). Nearly all my losses are due to buying these alts, even though I did take profits flipping them in the past, for example, I got a 62.5% return on ICP within a 24-hour period. Compare that with my a current loss I've held for 3 years that's at -97.74%. This would have ended far better had I taken losses at 20% rather that holding all of these hoping they rebound.

EmployerSpirited3665

old thread but Polymarket is 100% a scam. The UMA is controled by like 2-3 addresses. Those 2-3 addresses disregard rules and take opposite positions to lots of "israel" topics even though the news and the majority of bettors would resolve this to a yes, the uma token holders do some mental gymnastics to reason its a no. Really need to report them int he US again so they can get fined. Kalshi is a better alternative, US regulated and similar type of bets.

Satoshisview

Sorry to say this, but UMA, OMG, SUSHI & ANKR will most likely go nowhere but down. It sucks that coinbase shilled these projects to users.

CurioustyQuestioner

|| || |YEAR 2021 - MARKET ANALAYSIS| ||$/Unit|Unit|S/B Price|Price today|Current Selling Price|Profit of loss| |UMA|$25.00|80.00|$2,000.00|$2.61|$208.80|\-$1,791.20| |OMG|$6.16|725.97|$4,472.00|$0.37|$270.57|\-$4,201.43| |ETH|$4,690.00|0.12|$558.00|$3,312.80|$394.15|\-$163.85| |SUSHI|$16.60|118.98|$1,975.00|$1.04|$123.73|\-$1,851.27| |BCH|$1,380|1.43|$1,975.00|$492.97|$705.52|\-$1,269.48| |XLM|$0.49|4310.20|$2,112.00|$0.47|$2,033.55|\-$78.45| |SHIB|$0.00005450|8000000.00|$436.00|$0.0000|$198.3200|\-$237.6800| |ANKR|$0.16|15912.50|$2,546.00|$0.04|$590.83|\-$1,955.17| ||YR 2021||$16,074.00|||\-$11,548.52| Deymmm ive computed everything.

CurioustyQuestioner

|| || |YEAR 2021 - MARKET ANALAYSIS| ||$/Unit|Unit|S/B Price|Price today|Current Selling Price|Profit of loss| |UMA|$25.00|80.00|$2,000.00|$2.61|$208.80|\-$1,791.20| |OMG|$6.16|725.97|$4,472.00|$0.37|$270.57|\-$4,201.43| |ETH|$4,690.00|0.12|$558.00|$3,312.80|$394.15|\-$163.85| |SUSHI|$16.60|118.98|$1,975.00|$1.04|$123.73|\-$1,851.27| |BCH|$1,380|1.43|$1,975.00|$492.97|$705.52|\-$1,269.48| |XLM|$0.49|4310.20|$2,112.00|$0.47|$2,033.55|\-$78.45| |SHIB|$0.00005450|8000000.00|$436.00|$0.0000|$198.3200|\-$237.6800| |ANKR|$0.16|15912.50|$2,546.00|$0.04|$590.83|\-$1,955.17| ||YR 2021||$16,074.00|||\-$11,548.52| Deymmm ive computed everything.

HoldCtrlW

\- Band Protocol \- API3 \- DIA \- Pyth Network \- UMA \- SEDA \- Midpoint \- SupraOracles \- Relic Protocol \- Hyper Oracle \- oSnap \- Chronicle Protocol There is a ton

MasterSpoon

UMA oracles are easily influenced with relatively little capital. That being said, it’s not like their predictions were inaccurate. I am a semi pro board certified online Polymarket critic, but this is just the democrats being butthurt. It’s super unhelpful. I hate them(and republicans). If only we had governance that wasn’t entirely dominated by two self dealing, private equity operated parties…at least most of us here will be wealthier than we are this time next year, and not need social programs. Silver linings. It would also be cool if the whole “rights over everything” crowd acknowledged the whole “duty to their neighbors” side of the coin that allow their rights to exist in the first place. Maybe Trump will surprise me with his one party federal government. I certainly don’t want him to fail, but I am not hopeful lol.

MasterSpoon

Certainly. Definitely not tipping the scales on weak UMA oracles to make it look like a certain election is going to go one way, when it very well could go the other direction. Definitely not acting to give a certain individual ammo to claim fraud and rile up his increasingly angsty supporters. Definitely… Also, $80M. Nothing he’s doing looks like he has an agenda… /s Polymarket is bad. It is full of oracle manipulation, improper setups and illiquid markets that can be swayed to look one way with chump change for certain individuals and all government agencies. UMA oracles shouldn’t be trusted. Not saying they’ll never be robust, but are not right now and the fact that they are being used to settle millions of dollars in bets is ridiculous. Private equity backed media commenting on polymarket like it’s some sort of proper indication tool and not a barely tested, new product that has already [had controversies over having the proper parameters in place to accurately settle bets](https://cointelegraph.com/news/polymarket-gets-backlash-over-approved-outcome-13-million-ethereum-etf-bet) is stupid. Also, an offshore company whose primary niche is betting on the outcomes of US politics, while claiming to be a new tool that can accurately predict outcomes based on market forces... What could go wrong?😑

Pineapple_pizza_yes

I'm a binance guy myself, but why in the world would u want to buy bitcoin with maybe max 3x potential when if it does 3x, good alts will probably do 7-20x. My top picks are UMA and OP, just saying, freaking sexy and beautiful price action with those coins during this pre-bullrun. Uma's use case has basically 0 serious competition and OP takes a huge slice out of the next big network's (base network's), or coinbase's own network's entire revenue, a whopping 2,5%. Beware tho, UMA has somewhat of a history of 20xing in a time frame of 2-4 days and then just bottoming out, extremely choppy.

TaxBill750

There are several bets that have been decided by the holders of that token, called UMA, in ways that do not correspond with reality. Recently “Will Israel invade Lebanon in September” where the “No” result was made the winner despite several news outlets and even the IDF reporting that they had “invaded” on the 30th October. In this case, the majority of voters chose “Yes” but a couple of whales chose “No”

MasterSpoon

UMA oracles and their consequences…chainlink or get rekt.

DJCityQuamstyle

Idk about yall but I have a hard time keeping up with all these coins/tokens. What UMA is?

coinfeeds-bot

tldr; Polymarket is reportedly seeking to raise $50 million in new funding and may launch a token, according to The Information. The decentralized marketplace might offer investors warrants for future token purchases. The token could allow users to verify real-world event outcomes, potentially replacing or complementing the current UMA Protocol. Polymarket has seen significant success, surpassing $1 billion in trading volume, but faces regulatory scrutiny from the CFTC. Speculation suggests a possible airdrop for early users. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

LieutenantZucc

it goes to UMA arbitration

MrArtless

Absolutely 0 chance of this playing out like you said. "Of course, I am aware that any attempt to actually acquire this many UMA tokens to gain control of the oracle would likely result in a sharp increase in the price of UMA, but it remains a concern that at least must be theoretically addressed." No it doesn't for exactly the reason you just said.

NateNate60

I don't think they can, can they? I was under the impression that the smart contract automatically pays out the winning bets depending on UMA's decision, and Polymarket just chose to reimburse the other side out of pocket when this happened last.

NateNate60

The wagering is smart contract based. They cannot ignore UMA as long as code remains law in this case, because as soon as UMA votes on it, the smart contract will automatically pay out the winning bets depending on what UMA has decided.

xdozex

Ehhh UMA is a legit oracle, they just haven't been battle tested as extensively. It could end up being perfectly fine, but historically, no oracle has managed to be as safe and reliable as Chainlink. So many major hacks have happened in the past that ended up being caused by an oracle exploit. And in every single case, the platform was using something other than Chainlink. And in many cases, the ones that survived quickly switch to Chainlink afterwards.

GabeSter

So this is actually quite interesting 2. UMA claims to be a “decentralized truth oracle” where holders of the token vote on disputes. The thing though is that two users control nearly 100% of the votes needed to pass a resolution on almost any vote. So their decentralized truth machine is actually just two whales. Obviously the two users know it looks bad so they’ve broken up their holdings into multiple wallets so it “looks” more decentralized. Would the two whales vote against Polymarket probably not since it’s a death blow to their tokens value.. if anything they are actually voting against facts on some markets to do what Polymarket wants them to do. I was going to make a post on this but haven’t got around to it. In any case if UMA were ever compromised Polymarket can emergency resolve any market which essentially their Uma or the window.

Extreme_Nectarine_29

UMA is absolutely irrelevent in terms of marketcap tho

Sad-Commission-999

I think polymarket would just ignore UMA if there was a hostile takeover.

joecool42069

>In dispute cases, $UMA tokenholders vote to settle the market. They decide on the correct outcome and the market settles based on the majority vote. Either the proposer or disputer receives the other party’s bond based on how the $UMA tokenholders vote. Additionally, $UMA tokenholders are rewarded for choosing the correct outcome or penalized if they vote incorrectly or no-show. >This system incentivizes honest participation because everyone has skin in the game. Though ambiguous language has occasionally led to contention over how markets should be settled, UMA has kept Polymarket secure as it expands its presence within the heart of the crypto ecosystem and global news cycle. Interesting. TIL

_HandsomeJack_

UMA is used as an oracle. It's where the voting on conditional statements which you bet on on polymarket happens.

kirtash93

>Nearly all UMA token holders voted that Donald Trump's son Barron was not likely involved in the DJT meme coin. Polymarket says UMA got it wrong. Drama is coming. Time to grab some popcorn. 🍿 

coinfeeds-bot

tldr; Polymarket, a platform for crypto-based prediction markets, is considering overruling its decentralized oracle service UMA's decision on a market betting on Barron Trump's involvement with the DJT token. Despite UMA's repeated resolutions that Barron Trump was not involved, Polymarket believes this may be incorrect and plans to announce a fix. This controversy adds to previous disputes over UMA's resolutions, highlighting challenges in decentralized market resolutions. The outcome has significant implications, with over $1 million bet on the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tj78492

Technology isn't there yet. Strike, Zaprite, Lightning Addresses, and UMA are developing nicely tho

The_kind_potato

I think (cant get the courage to look directly my wallet in the eyes since two month lmao) but i think i'm between 0 - 20% up, i started investing almost two years ago mostly on ETH and Matic, and i bought some UMA, NMR, RLC and ALGO since November 2023. Almost everything have dropped since my personnal ATH, but its still higher than when i bought for the most part (at least ETH and UMA)

lukekibs

UMA is such a buttery hodl still for now. Even if it does drop I’ll be loading up some more in 2 weeks

coinfeeds-bot

tldr; VELO, dubbed the "XRP of Southeast Asia," has seen a significant price surge of 358% in six weeks, according to Santiment's analysis. This growth reflects the increasing demand for innovative financial products in Southeast Asia and the rising interest in emerging cryptocurrencies. UMA also experienced a notable increase, with a 50% gain in just 36 hours, highlighting the volatility and dynamic nature of the cryptocurrency market. These movements underscore the growing appeal of digital assets like VELO and UMA among investors and traders in the region. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

lukekibs

UMA will have a $1B mc by 2026.

wooly_torch

When UMA pumps, strange volatility follows. 50 shades of market behavior. This one is called the Uma Thurman.

Ok-Western-5799

check out projects in the Oracle space (PYTH, SUPRA, UMA) or the AI space ( FET OCEAN OASIS)

encartatsva

To be sincere, the world has gone past ALGO. Algorand spent its moments on marketing instead of building real dev. If you are wondering what projects to look into, the Oracle space is the narrative to invest in. API3, UMA, and LINK are making steady pump while newer projects like SUPRA are coming on board, promising innovation and growth

The_kind_potato

Bha it worth what it worth but i personnaly would think it might be among the more expected narrative like AI / RWA / or maybe intercompatibility project (like Axelar or Layer 0) And i would check the previous ATH without forgetting to check what the coin would be worth today if it reach the ATH Mcp with the amount of supply producted since. I think it might be not that hard to found a x10 but finding a x100 look just like pure luck. UMA could be doing a x10 even if it already did a x3 recently Algo could be doing a x10 IExec Or Truefi/Goldfinch/Maple Akash network / Numeraire/ Agix I dont know, but no matter what happen dont be too greedy and dont forget to take profit ! A x3/x5 secured in stables is worth way more than a x20 that could be worth nothing tomorow !!

Bluebridger

Read up on the oracles tackling Oracle Extractable Value. This is a massive narrative and one that will grow. API3 came up with it a year ago but just released an outline this week. UMA just released their thoughts on it last week and Pyth will potentially have something as well. I’m personally bullish on API3 as it’s a native push oracle and doesn’t require dApps to run RPCs, or manage gas, or deployments the same way that price-pushers from ‘pull oracles’ do. With their release of 2.1, API3 will also be able to deploy on any chain within two weeks. This has been a big thing for other oracles getting market share and should boost TVL. If you’re a lending dapp on a new chain, you’re going to have the choice to: 1. Run RPCs, manage a cloud deployment, pay for gas, and rely on a bridge to get your price feeds. Or 2. Use API3, don’t deal with any infrastructure, and recapture liquidation revenue. It’s a no-brainer.

worksofter

Doesn’t your comment highlight that it’s all about timing though? If you bought in the second half of 2022 for 0.4, even if you missed the 0.8 peak you’d have had two chances to sell at 0.7. People will say those numbers suck but the average crypto investor isn’t up 180%. Alternatively last week you could’ve bought into a coin like UMA that went down 11% since then.

coinfeeds-bot

tldr; Lightspark, a developer for the Lightning Network, is promoting its Universal Money Address (UMA) format, which has been adopted by six companies including Xapo Bank. UMA, introduced in October of the previous year, aims to make transactions more user-friendly by using an email-like address format for digital assets. It also addresses legal compliance issues. Lightspark, co-founded by David Marcus, a former executive at PayPal and Meta, has open-sourced the UMA protocol and is focusing on corporate customers to facilitate the use of Bitcoin's Lightning Network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MisplacedPhilosopher

First, when Warren Buffett invested in Coca Cola, it was already a very large company. So just because Bitcoin and Ether have high market capitalisation doesn't mean they are lost opportunities. A crypto currency is a currency (not an investment). A crypto token on the other is very much an investment (and should rightfully be classified as security). Ether is the currency of Ethereum blockchain. Much like how the US dollar gives you purchasing power in the United States, Ether gives you purchasing power in the Ethereum economy. Just like the American economy which has exchanges like Nasdaq and NYSE, Ethereum has exchanges like Uniswap. You can invest your dollars in Apple, Netflix, Alphabet, Meta etc. Similarly, you can invest your Ether in Aragon, Chainlink, Powerledger, UMA, Matic, Arbitrum, Optimism, Chilliz etc. To put it simply, Ether gives you access to the best collection of "stocks" just like the USD (in the fiat world). Some currencies are transparent, high fee networks that are controlled by the rich (ASIC miners) like Bitcoin. Some currencies are transparent, low fee networks like Litecoin. Some are low fee, privacy coins that can be mined on a laptop (more decentralized) like Monero. They have these notions like why should others know my wallet balance and what I buy with my Monero. They feel their network should not be controlled by the rich. Some are proof of stake, which usually have founders or foundations holding a large number of coins. There's one proof of agreement currency that I know of, Stellar Lumens which is the currency of the Stellar network who are trying to make blockchain tech user friendly and accessible to the masses. They have cool wallets like LobStr which has an inbuilt exchange in it. So, you can spend some time to find what's right for you. CoinMarketCap is a good place to start. You can also read this free ebook to learn more about Monero: https://masteringmonero.com/book/Mastering%20Monero%20First%20Edition%20by%20SerHack%20and%20Monero%20Community.pdf You can also watch this highly rated video: https://youtu.be/8quGD9W7B2I?si=57g3P9kjfuOYwo0W

New_Reputation

can anyone tell me what crypto is this, its about creating your own stable coin, they call their supporters Rangers or something. it pump when a news came about their stable coin like it pump hard, then when announce it was sell the news. was just wondering if UMA will happen same as this.

nemigafangay

can anyone tell me what crypto is this, its about creating your own stable coin, they call their supporters Rangers or something. it pump when a news came about their stable coin like it pump hard, then when announce it was sell the news. was just wondering if UMA will happen same as this.

petertheeater15

AMP looking like it’s about to pull an UMA and jump 200%

The_kind_potato

If i can allow my self at giving a tips that i believe to be a good one... Use Google sheet, or Excel whatever With a friend of mine we did a Google Sheet in november, it took a while to be Op but i think it was worth the time. We did it this way: - 1 page = 1 categorie of project, for example we choosed : - Layer1 - Layer2 - AI - Oracle - RWA - DEFI You can't have each cat but at least it give a starting point to begin with, and i thinks its better to compare similar project between themselve. -In each "Page" there is 4 part: - Price Data - "Tokenomics" - Security - Socials For doing that i used the API of Coin Market Cap to extract a list of the top 1600 Token that i store in a page called "Data_Extraction" (i can refresh it when i want). That way i can simply wright the name of any project i want in the sheet and the ligne will complete itself automatically using the Data stored in "Data_Extraction" This induce : -Current Price, -Current mcp, - Vol24h, And i manually add the ATH price and Mcp. What is especially great with google sheet is that it allow you to use fonction for automating things. I use a fonction to divide the ATH Mcp by the ATH price to see how much supply there was back then and show the % of new supply created since. and then a last cell can calculate the real multiple we would be doing if the Mcp reach its ATH a second time with the difference of supply compared to the previous Ath. We also use the vol24h for trying to see if one of our selected project get a lot of movement/attention and there is a cell using a fonction that compare the size of the vol24h/ the size of the Mcp and colore the cell if the vol24h is more than : 5/10/20/30/etc...% of the MCP And of course finding source that give you the fondamentals in a more digest way than the Whitepaper, like Coin Academy, they do not have all the projects but when they do its often pretty well explain and complete. Of course all of this is just an example of how we did our sheet but i feel so much more confident about my "research" now and it feel way way less random. It can seem complicated but youtube have tons of tuto about very specific things you would want to do with sheet and it make your search so much more efficient and usefull in my opinion. I found UMA because of this and im happy since two day 😆 Also we found a lot of project to late because we hadnt the sheet at the time but we would have definitly found some of them with it (Also fi think that finding good crypto youtubers that can give you the actuality about the market everyday is a plus in my opinion, i have found one i found really amazing at his job but its the only one, 😅)

Sadistica6

Nice fn day to sell some API3, Fn hurt though I really like the project but that fn cut hurt abit All the talk about oracles and they are all popping off UMA,PYTH,Link and Api3.

Davinter30

Lol they are. Happened to avax and it came back down, happened to ada and it went back down, happened to sol and it went back down, now its UMA and its on the way down. Its just people FOMOing in the only thing pumping.

DarKovski-2

Why is UMA exploding right now?

wooly_torch

Alt season doesn’t give AF about that. BTc is plummeting because of Grayscale selling pressure, or so that is the narrative being told. It’s not because of some fiasco like FTX. Btc is losing its dominance. Random shit like UMA is going 200% in a day. Everyone is grumpy as hell. Just sit back and chill for a few days, maybe another week or so.

ThatChrisGuy7

Why is UMA up 180% today lol

originalrocket

UMA?

AquaticFilter

UMA holders can thank me, I sold my bag 3 days ago 😅

wooly_torch

Yup And UMA is randomly going 90% out of nowhere. Last time it did that in 2021, we had alts taking off all over the market.

lukekibs

oops UMA just did the crypto thing

butterNcois

TL;DR Polymarket creates a betting market saying that Israel had advanced knowledge of the Oct. 7 attack. Later, news reveal this is true. UMA, instead of settling the market, has people abuse their voting power to raise objections and eventually crash the market, eventually settling to an outcome contrary to reality. Both Polymarket and UMA failed to abide by the rules initially set by the bookie. Now a market with around $600k in it has is causing significant losses to many participants as it settles to a result that's contrary to what happened in the real world. This is a good example of the weaknesses of decentralized betting.

LaredoHK

UMA on Eth iirc

Icy_Round6385

UMA is actually doing well floating around ranked market cap of 250-270 for the past year.

PretentiousPickle

UMA still around and kicking huh? Brings me back to 2021

Fun_Gene_1622

That's a great question! Because markets are created via decentralized set of smart contracts, the market creator (or anyone else) cannot alter the market conditions once it has been created. You can learn more about the market lifecycle here: [foreprotocol.io/technology](https://foreprotocol.io/technology) but in short, there are a number of checks and balances in place to prevent foul play! Market outcomes are verified by validators who stake their NFT (with locked FORE) on an outcome to receive rewards. If they incorrectly validate, they lose their NFT, so there's a huge disincentive for them to try and game the system. In the case there is a disagreement between validators, our dispute resolution system allows for a final check and referees in a decentralized way: ensuring that any user has the opportunity to report any violations or concerns about a market or its results. To reinforce and further decentralize the dispute process, we've integrated UMA: a dispute arbitration system that securely allows for arbitrary types of data to be brought on-chain. UMA's third-party network of validators, which operate independently from the FORE platform, establishes an objective and unbiased approach to settling disputes on FORE Predict.

Sadistica6

Still buying link,Api3,and UMA my nice stack of oracles,hopefully links integration with swift is smooth as silk!!!

Lillica_Golden_SHIB

"The Universal Money Address (UMA) protocol allows for the movement of crypto and fiat like email addresses." It would be great, but I doubt it tbh.

coinfeeds-bot

tldr; The Universal Money Address (UMA) protocol allows for the movement of crypto and fiat like email addresses. It uses the Bitcoin Lightning Network and offers fast, low-cost, and secure transactions. UMAs are compliant and require a KYC procedure. Users can send funds to anyone with a UMA-enabled wallet, and recipients can set up their own UMA to access the received assets. However, there is criticism regarding the lack of novelty and permissionless nature of UMAs, as well as concerns about centralization and privacy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MakeItRelevant

> I heard before for some of these projects, like Band, UMA, DIA, API3, but all of them combined don't get close to Chainlink in terms of protocols that are using them. Why is that? If you know Chainlink well, then you know Nazarov. I remember an interview when he said that Link had at least 60% of the market share (DeFi + gaming). I'm not sure how much is this number now. Link has over 900 DONs and develops several solutions including VRF and CCIP. As for the other projects, I'm very close to UMA and DIA. I've been building with DIA Oracles for a long time, especially on Avalanche and Polygon. DIA is one of the most undervalued tokens in my portfolio rn (< 0.6X ICO ROI).

FORE_Future

Great question! People-powered predictions mean just that: users create markets, users participate in markets against each other, and users validate market outcomes. So, how do you prevent bad actors in a people-powered ecosystem? How do you ensure the validity of a decentralized ecosystem, when payout depends on accuracy? In the case of a disagreement between Analysts, a dispute is raised and is resolved by trusted, high reputation validators. This step is crucial, as prediction market outcomes hinge on accurate and reliable validation mechanisms. Our dispute resolution system allows for a final check and referees in a decentralized way: ensuring that any user has the opportunity to report any violations or concerns about a market or its results. While overall we strive for fast resolution and payout, the validity of this payout is crucial. All participants in the disputed market have to wait until the dispute is resolved and payout is released, which can take up to 96 hours. In that time, the dispute will be resolved by the High Guard: a decentralized network of active Analysts with Black NFTs (the highest tier) who have proven their reputation score to the community and the protocol. To reinforce and further decentralize the dispute process, we will be leveraging UMA’s technology: an optimistic oracle and dispute arbitration system that securely allows for arbitrary types of data to be brought on-chain. UMA's third-party network of validators, which operate independently from the FORE platform, establishes an objective and unbiased approach to settling disputes on FORE Predict. You can learn more about this partnership here: foreprotocol.io/post/uma-partnership And our dispute process here: foreprotocol.io/post/dispute

Chukyzy10

I read that when disputes arise, $UMA tokenholders will act as impartial validators to settle bonds and resolve the market to the correct outcome. Could you explain how this works? Is the only criteria to become a dispute resolver holding $UMA tokens?

MakeItRelevant

Synthetic issuers are very interesting Defi projects. I have SNX, UMA, and also DAFI within this category. I've been a fan of Dafi's Super Staking for a long time.

dead-spiral

There was a few hype 3 years ago about UMA when it got listed on Coinbase but that appears to be over. LINK really has most of the Oracle supremacy, iirc.

Bitcoin1776

I'm SUPER glad this is happening. I was hacked at Coinbase (text verify / sim swap). I notified Coinbase within 2 hours. The hackers didn't get funds - but they DID make trades.. I don't want these penny stocks. I can 'whitelist' and 24 hr block withdrawals... but what I can NOT do is prevent my account from trading in penny stocks.. So all a hacker has to do is hack, trade into a penny stock and then sell it on a different exchange. Now you have 'washed' funds that are impossible to trace and Coinbase has no way to prevent this.. no way at all. In my case, they sold my BTC / ETH for BCH. BCH spiked when they did it (market orders) - but just a little. Then my account got locked (took like 24 hours to lock it even though I notified them within 2 hours).. And when I got access again 4 months later, the BCH had done better than BTC / ETH so I wasn't mad :P But how pissed would I be if they did a market order on UMA (whatever that is), I paid 4x true price (note THIS IS WHY YOU SEE SPIKES IN SHIT COINS - IT'S HACKERS WASHING.. anyways)... then even if I got my account again, it would be down 75% and the hackers 'withdrew' the funds in minutes... bypassing all security. So stupid to force all 1 mil coinbase customers to have penny stock exposure as a default.. making all security pointless.

MichaelAischmann

The next biggest oracle protocols by market cap are Band Protocol, UMA & API3. Coingecko has an entire category devoted to oracles: https://www.coingecko.com/en/categories/oracle

coinfeeds-bot

tldr; Relevant text: "Crypto-based betting platform Polymarket drew a record number of Google searches, more than $2 million in wagers, and some negative press last week when it asked users: “Will the missing submarine be found by June 23?” After the US Coast Guard announced on June 22 that it had found pieces of the submersible on the ocean floor, Polymarket users who had bet “yes” won. But users who had bet “no” cried foul, pointing to the fine print of the bet. The argument was handed over to Polymarket partner UMA, a business that aims to settle others’ disputes the crypto way — with tokens. UMA tokenholders vote to settle questions of fact, with the idea being that collective wisdom is the best way to get at the truth. UMA voters sided with those who had bet “yes,” prompting a new flurry of complaints — this time, that its process couldn’t be trusted." Summary: Crypto-based betting platform Polymarket faced controversy when users who bet "no" on the question of whether a missing submarine would be found cried foul after the US Coast Guard announced that pieces of the submersible had been found. The dispute was handed over to Polymarket partner UMA, which uses tokens for dispute resolution. UMA voters sided with those who had bet "yes," leading to further complaints about the process. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

trrrring

What is UMA if I may ask?

Ok_Particular8737

UMA gonna rip at some point?

Bks1981

I think that the derivatives market going to synthetic assets will be one things that boom so coins like SNX, UMA and MIR will make a good run IMO.

SadiesBestie

I keep going from telling myself I'll only hold BTC and ETH to a portfolio of BTC, ETH, LINK, DOT, ALGO, FET, and UMA. I know it doesn't help just to switch back and forth....I can't seem to help it.

coinfeeds-bot

tldr; Oracle tokens have been surging in the past 24 hours, with CoinGecko showing a 5.5% rise in their total market cap. The top oracle coins by market cap include LINK, NEST, and UMA. The crypto market was bullish today, with most cryptocurrencies and DeFi tokens recording gains. However, the current gains could be short-lived. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Dwaas_Bjaas

The stupid article doesn’t mention, but does cote a tweet that said: “We’ve also got $UMA, $DAR, $UNI, #FTX Token & $LPT on the list 👀”

GME-NeverSell

I bought $10,000 of UMA around $11. The next day it rocketed up to $40!!!!! I sold it all at $16 thinking I was a MF genius. The best thing I've ever done though was buy 12.0 ETH at $192 each. Started averaging out around $3900. Of course I'm averaged right back in, but now with more ETH and more than 1 BTC.