Step into the light with UMA at ETHNewYork
tl:dr: In bear markets like these, the best building emerges and the bright ideas flourish. Core members of UMA will be attending ETHNewYork this weekend, one of the world’s top conference and hackathons that will include $500,000 in prizes, including $10,000 in prizes from UMA to those who build the best use cases with UMA’s optimistic oracle, Across asset bridge and/or Outcome.Finance’s DAO toolings.
This can be a time for cleansing
We believe that some of the best building happens in a bear market. In times like these, our space gets less noisy, the fair-weather traders go away, and more space emerges for bright ideas and big hearts.
But progress, in a bear market or not, doesn’t happen in a vacuum. As the post-Covid 19 pandemic world starts to relax and we can travel around the world again, there is no better place for hackers, builders and crypto enthusiasts to be than ETHNewYork. Let’s all step into the light together.
New York’s premier blockchain hackathon is back from June 24–26, and core members of UMA will be there to meet you and to guide hackers through the competition that will include $10,000 in prizes from UMA.
One of the world’s best hackathons
Attendees and hackers at the in-person event will enjoy the support of a massive community of experts, mentors, sponsors, developer advocates, and other community members who want to help you build something awesome.
The event will attract thousands of hackers who will battle it out for more than $500,000 in prizes. It’s the ideal place to meet new people, connect with mentors and find your next web3 job to push the ecosystem forward.
Don’t miss this chance to build and develop your bright idea using UMA’s optimistic oracle and Outcome.Finance’s DAO governance and fundraising tools like success tokens and KPI options.
Why you should build using UMA and its tools
UMA is an optimistic oracle (OO) that can provide and verify any arbitrary data on-chain. Web3 is increasingly going to rely on optimistic data verification and DAO tooling, and that’s exactly what the OO is bringing to the table.
UMA’s optimistic oracle has been called a human-powered truth machine. Data from UMA secures markets and smart contracts across Web3, expanding the developer design space. The OO tells smart contracts “things about the world” so they can enforce real-world payout conditions.
UMA’s OO provides arbitrary data dispute resolution between smart contracts. Rewards can be earned by proposing answers to a data request, and that’s the lifeblood of the protocol. Proposed data will not be scrutinized unless it is disputed, and disputes are rare. That’s what makes our oracle optimistic.
The Across bridge, Polymarket prediction markets, and Outcome.Finance DAO tools are three of the many great use cases for the OO.
In New York, UMA wizards Sean Brown and Nick Pai will be hosting a workshop on Friday, June 24 at 10pm ET to provide some introductory guidance to hackers keen to build with the OO.
Join the hackathon and earn prizes
As part of the hackathon, UMA will be awarding $10,000 in prizes to the teams that build the most interesting use cases with UMA’s OO, the Across bridge and/or Outcome.Finance products. First prize = $5,000; second prize = $3,000; and third prize = $2,000. The winners could also be eligible to receive a further grant if you continue building using UMA.
We’ll be sharing some specific ideas this week here on Medium focused on what can be built using the OO, Across and Outcome at ETHNewYork and beyond. Hacking begins on Friday, June 24 with the project submission deadline at 9:00am EDT on Sunday. Judging takes place beginning at 9:30am EDT on Sunday.
Please take a look at our Hacking at UMA page for key resources to get you started and come say hello at the UMA booth and pick up some of our world famous swag during the event.
Meanwhile, tell us more about what you want to build via Twitter, or join us on Discord and keep an eye on UMA’s channels for more details during the hackathon.
