1/ Rumblings from a sleeping giant… @UMAprotocol

Thread

2/ The @BadgerDAO team has passed UMIPs through @UMAgovernance that will enable users to borrow against $1 billion in Badger Vault tokens.

3/ The @youmychicfila team continues to grow http://mario.cash , http://zelda.cash , and has proposed to @UMAgovernance a product that will create a suite of “Basis products.”

Basis an instrument type new to DeFi that in CeFi that has ~300mil+ average daily volume.

4/ The @opendaoprotocol team has approved @dsdproject ($50mm) and is in process of bringing @dogecoin, ($1.1bn MC), and [unannounced] ($248mm) as collaterals to UMA -- against which its holders can borrow to create stablecoins.

5/ The @yamfinance team has rolled out a series of futures for synthetic gas for the coming months.

Today, they announced a volatility index template and will roll out uVOL-BTC and uVOL-ETH.

6/ In the @ethglobal hackathon developers are building products to allow for speculating on SAFTs and as-yet untradable tokens.

7/ The @perlinnetwork team is working on synthetic gold, @jarvis_network has launched a novel contract on UMA to access Forex markets on-chain, and @PotionLabs is undergoing R&D to plug their options machine into UMA’s Optimistic Oracle.

8/ The @umaprotocol team will bring its perpetual product to mainnet in Q1 of this year, and has yet to fully disclose the power of the Optimistic Oracle:

A generalized truth finding mechanism that can optimistically secure contracts that require more than only prices.

9/ Q1 2021: The giant wakes.