ICYMI #12

Week ending 30th April

Injective Protocol launches with UMA
Injective protocol has publically announced its partnership with UMA. Using the Optimistic Oracle service, Injective will provide a solution for hedging against Ethereum gas fees through uGas as well as an ETH/BTC index providing traders with access to a token that tracks the ETH/BTC price ratio, through an intuitive user interface and an gasless exchange protocol

UMA subgraph migrates to The Graph v2
UMA is very proud to be one of the first ten protocols migrating to The Graph’s v2 decentralised network. The initial launch of the Graph in Dec 2020 (was that really just 5 months ago?!) meant that protocols no longer needed to have team members operate indexing servers themselves to access blockchain information. The v2 migration to mainnet is the next stage of its mission to enable internet applications that are entirely powered by public infrastructure.

Cuban v Mallouk
A war of words broke out on Twitter mid-week between two fund mangers — Mark Cuban, a well known crypto enthusiast, and Peter Mallouk, a crypto-skeptic. To settle their dispute, Cuban and Mallouk both agreed to take on the bet using smart contracts that would automatically pay the victor in 10 years time. By Friday, UMA had the contract up, running and ready to go…was it all just trash talk or are they ready to put their money where their mouth is? Could crypto-economic fight-clubs take off? Watch this space.

Anchorage Adds Support for UMA
Anchorage, the crypto custodial solution for institutional investment in crypto, has added UMA to the list of crypto-currencies on the back of client demand — further expanding their range of blue-crypts its supports.

First Settlements using UMA’s Optimistic Oracle
UMA’s optimistic oracle service has been running since January, however the first contracts to be settled using the service expired this week. Engineers were on call in the moments before expiry, just in case some bots got over-excited and went rogue, but in the end, all the bots nodded along sagely as the prices were confirmed.

And finally ….SuperUMAns flex their superpowers
With a little SuperUMAn persuasion, Balancer has announced that it will put a proposal for providing liquidity for future call options to a snapshot vote, the Harvest community is developing a yield dollar based on the iFarm token and a proposal is now live on the Bancor governance forum to create call options for Bancor to compliment the UMA, UNI, SUSHI and BAL options that are already available.,

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