Recent changes to UMA's oracle rules aim to enhance the quality of resolution proposals on the Polymarket platform. Decisions are limited to whitelisted users.
New MOOV2 System
With the transition to the Managed Optimistic Oracle V2 (MOOV2) contract, only whitelisted users can submit resolution proposals directly. Other users can tag these proposers to submit on their behalf. However, any user can dispute proposals they consider incorrect.
Goals of the Update
These changes are designed to improve proposal quality and reduce disputes, especially in simple markets such as sports betting or cryptocurrency prices. According to the independent knowledge base PolymarketGuide, many proposals under OOV2 were made too early or by inexperienced users, leading to delays and bond losses.
Upcoming Changes on Polymarket
The launch of MOOV2 is also supported on the UMA Dapp, and Polymarket is currently testing on the Polygon mainnet with real rewards in preparation for full production. Future plans include enhancing the reliability of Polymarket markets and reducing delays.
The updates implemented by UMA promise to improve the resolution proposal process on Polymarket, potentially leading to more reliable and higher-quality markets.
