UMA Optimistic Oracle V2 product
Overview
UMA Optimistic Oracle V2 is an on-chain oracle system that enables smart contracts to securely request and receive off-chain data. It uses an 'optimistic' verification model where anyone can propose a data value, subject to a dispute window and bond mechanics. It is part of the UMA protocol and is designed to support a wide range of financial and data-dependent decentralized applications.
Within the DeFi Intel graph, UMA Optimistic Oracle V2 connects to 2 tracked entities, most strongly to UMA Protocol, UMA Optimistic Oracle V3.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | UMA Protocol | 85% |
replaces | UMA Optimistic Oracle V3 | 85% |
Frequently asked questions
What is UMA Optimistic Oracle V2?
UMA Optimistic Oracle V2 is an on-chain oracle system that enables smart contracts to securely request and receive off-chain data using an optimistic verification model.
How does the UMA Optimistic Oracle V2 verify data?
It uses an optimistic verification model where anyone can propose a data value, subject to a dispute window and bond mechanics.
What protocol launched the UMA Optimistic Oracle V2?
UMA Optimistic Oracle V2 was launched by the UMA Protocol.