logoETHGlobal Waterloo

UMA

$10,000

umaproject.org
umaprotocol

About

UMA is an optimistic oracle (OO) that can verify any statement proposed on the blockchain. Using economic incentives, the OO tells smart contracts “things about the world” so contracts and markets asking for that data can be settled.  Across, UMA's sister project is a cross-chain bridge that supports cheap, secure, and near-instantaneous transfers between L2s and to L1. Across transfers are secured by UMA’s optimistic oracle.  Builders can use OO as a decentralized truth machine that is flexible enough to handle ambiguity and real-world data with human-powered dispute resolution. UMA’s OO secures and empowers a diverse set of Web3 applications, including cross-chain bridges, insurance protocols, prediction markets and customizable DAO tooling products.

UMA is an optimistic oracle (OO) that can verify any statement proposed on the blockchain. Using economic incentives, the OO tells smart contracts “things about the world” so contracts and markets asking for that data can be settled. 

Across, UMA's sister project is a cross-chain bridge that supports cheap, secure, and near-instantaneous transfers between L2s and to L1. Across transfers are secured by UMA’s optimistic oracle. 

Builders can use OO as a decentralized truth machine that is flexible enough to handle ambiguity and real-world data with human-powered dispute resolution. UMA’s OO secures and empowers a diverse set of Web3 applications, including cross-chain bridges, insurance protocols, prediction markets and customizable DAO tooling products.

Prizes

▼
UMA ⸺ $10,000
  • 🥇 $5,000 in $UMA
  • 🥈 $2,000 in $UMA
  • 🏊 Pool Prize — $3,000 distributed between all qualifying submissions

Getting Started

Workshop

Decentralize Your DAO with oSnap

UMA's oSnap allows a DAO to vote gas-free on Snapshot while enforcing the results on-chain with their Safe, without...

This workshop is happening in-person

06:30 PM EDT — Friday, Jun 23, 2023 in Workshop Room 2

Guides