Today in DeFi - Markets Beat Polls, ETH 2.0 Deposit Contract, and More

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Markets Beat Polls

In the wee-hours of the election night, it is looking as if prediction markets have thoroughly beaten polls in predicting election outcomes.

FiveThirtyEight, a prominent election forecasting site, predicted a relatively clear election outcome, based on polling data as well as statistical analysis.

On the other hand, yTrump and nTrump, two Augur-based election betting tokens, had a much closer outcome. yTrump, a token that expires to $1 if Trump wins, had an average win forecast of about 40% for Trump.

The prediction market outcome seems much more in line with the current results. While Trump is behind in electoral votes at the time of writing, he is leading in most swing states. At the moment, it would seem that the odds of Trump winning seem much closer to the 40% predicted by markets than the 10% predicted by FiveThirtyEight.

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ETH 2.0 Deposit Contract

Chalexov.eth 🕷🪐❤️ @CHalexov2016

Its here! #Ethereum staking contract...🪐🕷🪐

The ETH 2.0 Deposit Contract seems to be live on Github. The deposit contract is the contract that accepts ETH onto ETH 2.0.

Official accounts, such as dannyryan, however, have not made any announcements yet. While it seems this is either the deposit contract or it is coming quite soon, you probably shouldn’t try to send funds at this point.

UMA Developer Mining

UMA @UMAprotocol

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.

medium.comUMA Announces Developer MiningStarting on November 10th, the Risk Labs foundation will pay out 50,000 $UMA weekly to developers that deploy synthetic assets using UMA. Each developer’s share of the rewards will be weighted by the…

UMA is launching a developer mining program. 50,000 UMA will be given out weekly to developers, weighted by the TVL of their synthetic assets built on UMA. Similar to how liquidity mining rewards users who add liquidity to a protocol, developer mining rewards developers who increase the TVL of UMA Protocol by creating popular synthetic assets.

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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned