Augur Weekly Report — April 24th

Development Update:

This week the development team has begun work on Flabbergasted Fig. Several goals for the near term have been established:

  1. Goal one is to get the much anticipated UI Redesign out into an Augur App release. Earlier this week the team merged down all the work in progress code onto master for Augur UI. This means that the fruit of all the redesign work from the last few months is finally available on our public testnet site: While the UI team is cleaning up the last of styling and performance issues, the product team is completing testing. Only a few issues remain, and the hope is there will be a release candidate within days followed by an actual release toward the end of next week. In the meantime, be on the look out for some blog posts and updates about the new UI.
  2. Now that the contracts are largely complete and entering the auditing process, the backend team has been coding day and night to get the current Augur UI implementation to work in the V2 monorepo. The UI will begin by working with a modified Augur Node that can partially handle the V2 contracts, and will then get moved over to the new Augur State middleware component. Alongside the work to get the UI functioning with the new contracts, the backend team is also improving Augur State and getting it ready with the APIs necessary for the UI and third parties to interact with Augur markets.

Along with these goals, some work is going into evaluating how to integrate SDAI into the Augur ecosystem, and evaluating whether or not the currently implemented method of allowing for paying for transactions with DAI may be simplified by using and implementation of a Safe.

Check back in next week for the next dev update, and as always, feel free to stop by the Augur Discord and let us know what you think.

Augur Metrics:

Pre-Finalization Markets: 573

All-Time Finalized Markets: 1,759

Pre-Finalization Open Interest: $413,647.87 (2,516 ETH)

CASH Contract: $851,877.09 USD (5,187 ETH)

ETH Price: $164.23

Augur as Wikipedia for Markets

Ben Davidow is back with another piece highlighting the similarities between Augur and Wikipedia in terms of decentralized information extraction. An excerpt:

Just as anyone, anywhere, anytime can create a Wikipedia page on anything, anyone, anywhere, anytime can create an Augur market on anything — any verifiable outcome in the universe. And just as anyone can contribute to a Wikipedia page, anyone can contribute to an Augur market by pricing in their unique information or insight.

Guesser Expansion and Funding Round

Congratulations to the Guesser team for announcing their $1.1m seed round led by Version One, Compound and Boost VC. This funding will aid in growing the team and providing liquidity to some markets.

Additionally, Guesser announced an expansion to their product:

Until now, the Guesser interface included only a few markets curated by fairness and liquidity in a simple homepage and our special Bet of the Week, creating weekly markets that have seen tens of thousands of dollars wagered in their outcomes.
Starting today, Guesser is expanding to four dedicated sections for weekly events on Crypto (BTC, Maker, DeFi…), Finance (IPOs, asset prices…), Politics and General News, all four enjoying extra liquidity from the company.

Follow the above link for more news and a look at what positions Guesser is hiring for.

Fun fact: Boost VC’s investment represents the first ever venture capital deal done using DAI!

The Forecast Foundation has no role in the operation of markets, trades or actions created or performed on the Augur protocol, nor does it have the ability to censor, restrict, control, modify, change, revoke, terminate or make any changes to markets created on the Augur protocol. The Forecast Foundation has no more control over the Augur protocol than anyone else using Ethereum.

Thus, we do not seek to advise others on how to use the protocol. We encourage those in the community that are well educated on Augur to pay it forward and share their ideas for best practices, tips, fixes and etc with the larger community via Twitter, Reddit, Discord, Github and other community channels. For more information regarding the role of the Forecast Foundation, checkout the FAQ.


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