DAO

Controversy Surrounding Polymarket and Decentralized Prediction Markets

Thursday. December 19 at 7:00 PM

1 min. read

Polymarket, a decentralized prediction market platform, has faced scrutiny over governance and reliability issues. The platform gained attention for predicting the likelihood of an Israeli military action in Syria by 2024. However, concerns arose regarding alleged manipulation by the 'oracle' provider UMA and the overall trustworthiness of decentralized betting systems. Despite generating significant trading volume, some predictions by Polymarket have faced criticism. Disputes over market resolution criteria persist, with UMA voters settling in favor of 'Yes' twice. Critics accuse UMA whales of exploiting delays for profit, while UMA co-founder refutes these claims, emphasizing adherence to rules. The incident highlights vulnerabilities in Oracle governance within decentralized platforms, impacting market fairness and legitimacy. The controversy underscores the challenges faced by such platforms in balancing innovation with accountability to maintain user trust and transparency.

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Controversy Surrounding Polymarket and Decentralized Prediction Markets

Thursday. December 19 at 7:00 PM

DAO

Enhancing Web3 Community Building with Galaxis Staking Programs

Thursday. December 12 at 2:00 PM

Galaxis has introduced two new staking programs to revolutionize community participation and benefits within Web3. The platform, known for providing self-sovereign digital spaces for creators and brands, offers digital membership cards for figures like Donald Trump and brands such as the NBA. The Governance Staking for Members and Engine Superlock for Engine Holders initiatives aim to empower community members by combining governance mechanisms with token rewards. By staking GALAXIS tokens, members gain voting rights to influence platform decisions. The voting power calculation ensures fair representation, preventing dominance by larger token holders. Active voters receive monthly token rewards, with additional incentives for long-term engagement. The Engine Superlock program rewards engine holders for their commitment to the ecosystem. Galaxis CEO envisions the platform as a hub for building thriving decentralized communities, offering innovative solutions for community engagement and monetization.

DAO

Revolutionizing Investment with AI16z DAO

Tuesday. December 10 at 10:00 AM

AI16z DAO is changing the game in crypto community investments by leveraging AI for data-driven financial decisions. The decentralized autonomous organization, with its own token, aims to challenge Silicon Valley's traditional venture firms. Launched in October 2024, the project operates independently from a16z but has already amassed a market cap exceeding $500 million. Unlike traditional venture funds, AI16z allows anyone to invest through its token, managed by an AI agent named 'Marc AIndreessen.' This AI-driven approach eliminates human biases, streamlines decision-making, and focuses solely on data analysis. While still in the testing phase, AI Marc has not made any investments yet. The project's transparency, open-source framework, and potential for growth have garnered significant attention, with the AI16z token's value surging over 1660% since November 2024.

DAO

Jupiter DeFi Exchange Receives Approval for Airdrops After Failed Vote

Tuesday. December 10 at 12:00 AM

Solana's decentralized exchange aggregator, Jupiter, will conduct JUP token airdrops over the next two years following a successful vote by the Jupiter DAO. The revised proposal, backed by over 87% of voters, addressed previous concerns and included provisions for JUP stakers and genuine ecosystem participants. The airdrop aims to target long-term community members rather than token farmers. The exact timing of the airdrop is yet to be announced, but it is expected to conclude by the 'Catstanbul' event in January 2025. Jupiter's first airdrop in January 2024 distributed 1.35 billion JUP tokens to nearly 1 million eligible wallets. The revised proposal did not specify token amounts, leaving it to the team's discretion. Despite recent price fluctuations, JUP is currently trading at $1.22. Meow, Jupiter's co-founder, emphasized the collective goal of expanding the Jupiverse in the most effective manner.

DAO