1/ Inspired by the successes of liquidity mining, UMA is announcing a new program called Developer Mining.

Developer mining will pay out rewards to developers who launch successful products that gain use.

This goes live in 7 days. https://medium.com/uma-project/uma-announces-developer-mining-6f6fe15d5604

2/ The Risk Labs foundation will pay out 50,000 UMA (greater than $300k in value) tokens per week on a pro-rata basis to developers who are responsible for minted synths.

This distributes ownership of the protocol to developers who build on it.

3/ This program also enables developers to launch their own liquidity mining programs: they could choose to pass on some of their $UMA token rewards to liquidity providers.

4/ The total allocation potential for this program is 35% of the token supply, currently valued at over $250,000,000.

This treasury provides enough firepower to inspire a new wave of products in DeFi that have adopted the #priceless, optimistic oracle.

5/ Interested developers can submit their idea and then dive into the development process.

Submit the whitelist to get started:

https://docs.google.com/forms/d/e/1FAIpQLSdPWOm4pNyqgDhXXr8wblWuSXXGslsGiJaFzrSNjN2RcG2RTQ/viewform?usp=sf_link

6/ Thanks to @alokvasudev @cburniske @alexhevans @mlphresearch @jillruthcarlson @_tomhoward @trentelme and @moigottweets for feedback on this program!