Development Update
Last week, the team put the finishing touches on the latest sprint, Geriatric Garlic. During that time progress was made in creating the new v2 API layer, a UI was released with messaging to aid in understanding v2 , and some cleanups were made to the UI codebase. All this happened while the design team has been making progress on a new Market List view for v2 and simultaneously is researching and designing a new market creation flow.
This week, the team has moved onto the current sprint Heretical Honeydew. During this sprint, the design team will be continuing their work on Market Lists, Market Creation, and moving into re-designing the Reporting UIs for the v2 release. The over-arching goal is to have a functional trading UI on the v2 contracts, using the all-new v2 SDK, by the end of the sprint! With this complete, the UI and backend teams will begin integrating the UI and the v2 contracts — moving all current work toward v2 release.
Check out the current sprint on Github!
Augur Metrics
All-Time Finalized Markets: 1,936
Pre-Finalization Open Interest: $429,052.28 (1,795 ETH)
CASH Contract: $981,299.39 USD (4,025 ETH)
ETH Price: $243.75
Augur v1 Cutoff: What It Means for Traders, Market Creators & Reporters
An Augur v1 market cutoff date has been selected to facilitate the transition to Augur v2. The cutoff, which will take place at the end of September 15th, 2019 is the latest time at which an Augur market can expire and still be guaranteed to resolve before the launch of v2. Markets that expire after the cutoff may not resolve before v2 is launched and are at higher risk of resolving incorrectly
The cutoff has been set at September 15th, 2019 23:59:59 UTC. All markets that expire (enter reporting) before this time will be waited on to resolve (complete reporting) before v2 is launched, while markets that expire post-cutoff may resolve after v2 is launched.
You can read more about the cutoff and its implications on traders, reporters, and market creators by following the above link.
Augur App Release v1.13.0 & v1.13.1
🎉 Includes significant messaging to describe Augur’s v2 launch process, the cut-off date after which markets will no longer be guaranteed to resolve prior to v2 launch, and how users can handle their currently open positions and orders as v2 approaches.
📚 The release also includes a new default filter on the markets page that hides markets which have large spreads on their order book. But…
🔮 Some issues were found with the spread filter! In order to not confuse people, v1.13.1 removes it while a fix is worked on.
The State of Prediction Markets
Above, you can catch a discussion on the State of Prediction Markets from last week’s Token Summit in NYC. The discussion includes Augur co-founder Joey Krug, who is joined by the Forecast Foundation’s Thomas Kysar, as well as Gnosis’ Martin Koppelman, and Veil’s Paul Fletcher Hill.
Defisurance
New applications of the Augur protocol are popping up all the time. The newest from a recent hackathon is Defisurance, which will soon allow anyone to insure their ETH locked into various de-fi services against hacks. Alternatively, investors can fund the insurance pool and earn a return!
In their own words:
defisurance makes it easy to get insurance from hacks in decentralized finance protocols like Compound, dYdX, and Dharma .
defisurance works by letting you purchase Augur market bets that pay off if a decentralized finance contract is successfully hacked. These bets can then be sold to recover some or all of the balance you hold in the hacked decentralized protocol.
Protocol developers can also use defisurance to directly cover some or all of their user’s balances. defisurance makes it easy for protocols to pay out to their users automatically when a hack is detected.
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.
Cheers,
The Forecast Foundation OU
