Becoming a Voter
In collaboration with UMA.rocks
In the Basics section, we covered the three main ways you can participate in the UMA Oracle: submitting proposals and disputes, engaging in resolution discussions, and voting. In this case study, we focus on the third way: voting. Voting is how tokenholders take part in the resolution process. While proposals and disputes raise initial questions, and discussions help weigh the evidence, votes determine how markets resolve.
Before we move forward, let's review the three ways to participate in the UMA Oracle:
Proposals and disputes: Whitelisted users post a bond and submit an answer on how the market should resolve. Anyone can post an equal bond to challenge that answer.
Discussion: Anyone can share evidence and arguments for how they believe the market should resolve.
Voting: UMA stakers cast votes. The market resolves to the option that receives more than 65% of the votes.
While proposals start the resolution process and discussions carry it forward, markets ultimately resolve through voting. This makes it essential for participants to understand how the voting process works.
Coming Up
In this case study, we explore how to participate as a voter in the UMA Oracle. We look at the differences between voting as a solo voter and joining a voting pool. We also cover the challenges of voting, practical steps to get started, and how to join the largest voting pool on UMA.
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