UMA

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.

Lettucelove2

WHAT! I currently hold UMA HBAR BAND CHZ LITE I kno nothing about NFT’s Where do I buy a Reddit nft?? On Reddit?? I did download opensea app at one point but didn’t understand it so I deleted it. I’ll download again. I was worried about NFT’s cause I was scared it was just a fad so I stayed away from it for a while. Looks like it’s time to add NFT’s to my education checklist.

Western_Helicopter_6

Ya’ll ever mess with Polymarket? I’m having a fun time with it. Made some bets about hurricanes and movie box office anounts. UMA liquidity rewards are nice too if you provide lp positions.

Unfortunatedude

Lol.. If anyone had been listening.. Maybe a few ppl here.. I've had numerous posts about this subject. I still have numerous screenshots as well. YES, the entire crypto market has been algo controlled since November.. I literally watched it happen live.. Im obsessed with chart stalking.. And during these months all of my holdings changed how they behaved.. They became way more docile and.. Uncharacteristic to their own patterns.. I was too early in the market to understand what was happening.. But this was malicious algo buys getting ready to dump. It started taking control over the pumps as well.. Basically acted like shorts.. Sucking the life out of everything.. And UMA kept pumping the most of course.. Owned by GS.. Up 100% a lot of days. I knew something was up.. And here we are.. Screenshot evidence in hand.. And a lesson to be learned. I'm willing to bet if someone hacked the Blackrock computer known as Aladin.. All of our market problems would go away.. Or multiply. Not too sure on that one.. Blackrock owns most of BTC and is a hand of the government. They work together in silence to bend and shape the economy and markets to their agendas.. Unfortunately Crypto is on the menu.. and Blackrock can literally buy the entire world over.. Not just the crypto market as a whole. Take it or leave it. This is how the world works now.. If you can buy it.. You are now controlled by someone or something. Sorry for the random sentence structuret.. I'm having multiple conversations at once lol.

John_Sknow

Why did UMA pop so much today? Could more alts pop like this? I'm scared.

John_Sknow

Why did UMA pop so much today? Could more alts pop like this? I'm scared.

ninpuukamui

UMA is having the oposite of a stroke.

chrisbrown21357

Tiny 1% bag. Was hopeful that UMA would get into layer 2 defi, but not much traction since polygon integration. They did recently integrate with boba network (eth layer 2). I think the price will just fluctuate with BTC and the market - don’t see any news on the horizon that will make it perform any better.

MakeItRelevant

UMA is on my watchlist. Are you hodling? Any thoughts about current price?

chrisbrown21357

The oracle of oracles?😆 I will have to check into DIA. Any love for UMA?

Kaksukah

AAVE MATIC SOL FTM LINK DOT UMA UNI Are any of these consensus shitcoins

AlligatorDerby

I cut a few alts back in Jan: UMA SNX RVN and about 10 more lol ( had an altcoin fetish ) Also holding a few no matter what: Algo, Sol, Ada ~ though I got In at a decent price. Makes it easier. Then there are my FanBoi coins Like Cosmos ecosystem projects that I'm not sure, but I'll close my eyes and hope for the best. BTC, I'm still buying, casually, all the way down.

coinfeeds-bot

tldr; SX Network has raised $2.5 million in a funding round led by crypto venture fund Hack VC and several other investors including CMCC Global, Nascent, FJ Labs, and several prominent crypto angel investors including the founder of UMA Hart Lambur and Betfair Co-Founder Josh Hannah. SX Bet has processed $175 million in trades across over 900,000 bets since its launch. SX Network is specifically engineered to scale betting, decentralized finance, and non-fungible token (NFT) applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; SX Network has raised $2.5 million in a funding round led by crypto venture fund Hack VC and several other investors including CMCC Global, Nascent, FJ Labs, and several prominent crypto angel investors including the founder of UMA Hart Lambur and Betfair Co-Founder Josh Hannah. SX Bet has processed $175 million in trades across over 900,000 bets since its launch. SX Network is specifically engineered to scale betting, decentralized finance, and non-fungible token (NFT) applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

diomediocre

Realistically LINK is at levels of dominance over the oracle space comparable to ETH's dominance over the DeFi space. Oracles will be critically important but whether they can accrue value is still to be seen as a lot of projects just use centralized oracles or API calls to DEXs or Coingecko/marketcap. If you want alternatives the big 3 secondary oracles are BAND, UMA, and API3 and while all 3 have unique features and mechanisms that make them really cool they all have similar tokenomic/price issues to LINK.

bookshoop

>The Hottest DeFi Tokens That You Should Look Into in 2022 AVAE protocol with AAVE token Synthetix protocol with SNX token UMA protocol with UMA token Kyber protocol with KNC token Ren protocol with REN token Sushiswap protocol with SUSHI token YEarn protocol with YFI token Uniswap protocol with UNI token Loopring protocol with LRC token 0x protocol with ZRX token Finally, it should be noted that with the recent fluctuations in the global economy and financial transactions around the world, the demand for decentralized currencies is increasing. This shows that a good future awaits the famous Defai tokens. Even now, by facilitating the lending process and giving voting rights to their owners, these tokens have been able to increase the motivation of users to provide this type of currency code and achieve a good position among other digital currencies.

Bks1981

I believe that synthetic assets will have their time to boom but there are a few different ones and who knows which will be the winners. I hold small bags of MIR, SNX, and UMA. Hopefully they are among the winners.

AlligatorDerby

Bitconnect, then SNX and UMA

plasticsatyr

I invested in CRO, NEO, ETH, ADA and UMA between February and March last year. Practically never sold. I got some money only with CRO and ETH. The worst has been UMA. I lost any hope to get my money back. The most disappointing has been NEO. The project seemed promising.

ktktpt

UMA

plasticsatyr

I am not in red yet, but almost there. I invested in three projects that I believed were not so risky: NEO, Cardano and UMA. UMA is a complete disaster. NEO is getting worse every day. Even Cardano that seemed a very safe project is not doing great to use an euphemism. I am not in red only because I invested also in CRO. I am now convinced that to know what a project is worth you have to be sure that you ignore all the pumping. That means that we will be able to know the value of these projects only when the effect of the last bull run will be gone. The value of most of the coins was just speculation.

AlligatorDerby

I have Sold out twice.. Once before the Massive 2018 Rally, The other Was Selling out at 3200 start of pandemic... I Would have had LIFE CHANGING money. Not to mention the 2 BTC that I lost in Bitconnect... I live VERY VERY poor in the united states. Which has been inflated into Not being able to eat... I get the feeling of wanting to sell... But The Feeling of ACTUALLY selling out doesn't give you Peace of Mind either... In fact I hated being a No coiner, I felt like I Abandoned my Passion/Hobby... If you NEED to sell, I Would. Holding On with money you need is not healthy. If it's Not being able to stomach the Loss I'd Step away for a little bit And THINK Logically about it. Give it a week or two. It's hard to keep up sometimes. Perhaps This means you are over Invested? I DO NOT DOUBT the Market will get Bullish Again, When I have no idea. There is just WAY too much happening in the space right now for it Not to... I think of that money as already Gone. Spent on My Internet Money Hobby. That keeps me from Thinking About what I COULD spend that money on. I have More Losses in Crypto than Gains. I've been in since 2017. The reason for my losses Is Emotional Selling At literally the WORST TIMES. Even recently, I cut my UMA position at $5.80 . I was Way over my budget in that one and Cut a MASSIVE loss.. Within a day or two, Back to 8... Granted I bought at like 25, with like 1/5 my yearly income... So either way Massive loss... Take a break. Don't put anything in for a few Pay Periods. Reddit CC is also perhaps not the best place for Peace of Mind. Its either Toxic Positivity Or Excessive Negativity. Take care of yourself. Take a break from the Charts. Trade on Logic, not Emotions.

zeppelinzoso

GTFO nerd, it's Mutual Fuds, not some boutique SMA/UMA. Just look at the 1,3,5 and 10 year performance of the fund. If you have $1mil + to invest, yeah, pull up a Morningstar report and run some analysis.