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news-imageFebruary 20, 2025

EigenLayer, Polymarket and UMA collaborate on developing ‘next-gen oracle'

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.
Publisher: The Block
Sentiment: Positive
UMA

More News Articles

Positive
cover-imageCrypto Economy
February 20, 2025

EigenLayer Collaborates with UMA & Polymarket to Develop a New Oracle System

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

Positive
cover-imageCoingape
January 23, 2024

Breaking: UMA Launches Oval To Capture Oracle-Locked Value

Blockchain oracle UMA has launched Oval, a solution that lets Decentralized Finance (DeFi) lending protocols capture Oracle Extractable Value (OEV) by auctioning the right to liquidate positions. Uma Oval to Serve DeFi Protocols Precisely, with Uma Oval, these DeFi protocols will be allowed to tap the value that emerges during Oracle updates via the OEV.

Positive
cover-imageBlockworks
January 23, 2024

Uma hatches Oval MEV product for lending dapps

Oracle protocol Uma, after days of social media teasing, took the wraps off its latest innovation today: Oval, a tool to help borrow/lend protocols like Aave and Compound retain value generated through the consumption of Chainlink pricing data on Ethereum.

Positive
cover-imageCoingape
January 21, 2024

This Coin Skyrocketed By 200% Over Last Week; Shall You Buy?

UMA, the native token of the Universal Market Access Protocol, has garnered significant attention from cryptocurrency investors, particularly due to its impressive performance in a market fraught with uncertainty. Over the past four days, the UMA price has skyrocketed by 212%, achieving a remarkable 20-month peak at $6.73.

Negative
cover-imageBitcoin
October 25, 2023

Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance

Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated, an inclusion criticized by the Bitcoin community on social media.

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