- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Polymarket Updates Oracle Mechanism, Introduces Proposal Whitelisting to Improve Market Efficiency
BlockBeats News, August 12th, according to official documentation, Polymarket has announced an update to its oracle mechanism, introducing a new MOOV2 contract to replace the previous OOV2 contract to address issues such as premature proposals, lack of experience leading to frequent disputes, and market delays. The most controversial change in the MOOV2 contract is the establishment of a proposal whitelist.
Under the old OOV2 contract, any user could submit a proposal, leading to many first-time proposers losing their deposits due to lack of experience and causing market settlement delays of up to four days, impacting user experience.
The new MOOV2 contract stipulates that only whitelisted addresses can submit proposals. Users are required to convene whitelisted proposers via Discord for submission, while anyone can still raise objections. This move encourages thorough pre-proposal discussions, reducing disputes and delays in non-controversial markets.
The documentation states that the restrictions of MOOV2 also bring centralization risks, which may undermine widespread community participation and dispute resolution discussions, reducing oracle transparency. Polymarket's action aims to balance proposal quality with user experience, creating a more efficient market environment.
You may also like
Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?
Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?
Beyond the Financials, Nvidia's True Risk and Opportunity
Citrini Lingering Echo
Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks
Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.
Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report
The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?
Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault
Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval
WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.
Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK
Market Key Insights for February 26th, How Much Did You Miss?
L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High
Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…
Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…
Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…
App