Augur Weekly Update — July 11th
Needless to say, the past 48 hours have been a whirlwind. There have been lots of positives, and of course some bottlenecks as well. The biggest takeaway is that the Augur protocol is now live on the Ethereum main network.
Starting with the good: Augur is being used, and the REP migration was a success! The new REP token contract can be found at:
REP Token: 0x1985365e9f78359a9B6AD760e32412f4a445E862
If you’re using a service that is not reflecting the new REP token contract, please send them a message and let them know.
Augur, which names Vitalik Buterin as an advisor, explains why it's not married to Ethereum as it launches.fortune.com
The community has spoken, and 300+ unique addresses have created ~200 markets with 1,350 ETH+ (~$600,000 USD) in total volume and 250 ETH+ (~$100,000 USD) in active open interest.
Issues, Bugs & Fixes:
Moving onto the bad: there have definitely been some bugs. The community’s feedback has been heard; the out of the box user experience day one in regards to interacting with Ethereum hasn’t been great.
There are some core themes amongst the reported bugs and issues. In regards to the UX, as cofounder Joey Krug puts it, many of the production issues were unknowable until Augur was deployed to the main net.
Issues arose when in production on the first day, specifically related to being live on the main Ethereum network for the first time. Problems with how the Augur middleware handled responses from Infura’s load balancing (which only occurred with main network nodes) caused transaction resubmission issues, there was confusion around the interface and how to perform many actions, and syncing problems plagued a lot of new users.
Luckily, many of the issues are directly related to a few known root causes. Updates, fixes, and improvements are continuously being pushed.
Augur App v1.0.2
Newer releases are already addressing some of the aforementioned issues, with updates and fixes being deployed and pushed as soon as they’re ready:
The sheer volume of users and discussion in the Augur Discord channels has been staggering and humbling, to say the least. We encourage users to submit issues on the appropriate Github repository or in the Augur Discord #issues channel.
Thank you to all the community members who have been instrumental in diagnosing, advising, and triaging these initial issues — the whole Augur community appreciates you and values your assistance. In the near future, a couple of the more active and helpful community members will be asked to become moderators of the Augur Discord to assist in helping the community around the clock.
Within minutes of launching, one of the community members @ryanb surprised everyone with predictions.global, a website which allows for anyone to see the amount of and which markets are live on Augur, as well as open interest and weighted probabilities.
You can also see the usage stats of Augur on dAppRadar below:
Reminder, the Forecast Foundation doesn’t create or participate in markets or actions on the Augur protocol. Thus, we do not seek to advise others on how to use the protocol. We encourage those in the community that feel they have a strong grasp of Augur to pay it forward and share their ideas for best practices with the larger community. For more information regarding the role of the Forecast Foundation, checkout the FAQ.
The Forecast Foundation cannot thank you enough for the patience, support, and feedback during this time. Hang tight — more releases are coming down the pipeline very soon. Follow the @AugurProject twitter profile for release updates and news regarding Augur App.
The Forecast Foundation OU