Augur v2 launches to limited fanfare as onboarding process trips up new users
July 31, 2020, 6:23PM EDT · 3 min read
- The Forecast Foundation deployed the Augur v2 protocol on July 28, close to six years after the project was initially conceived.
- Uptake has been slow to date, with Augur’s ambitious on-boarding process proving too costly in the context of record-high Ethereum gas prices.
- Current market activity is weighted towards politics and crypto, with protocol-wide open interest just over $20,000.
Founded in 2014, Augur is an Ethereum-based prediction market (PM) protocol affording speculators the ability to permissionless-ly create and trade arbitrary derivative products. Augur v1 was met with a mixed reception. On-chain order books, slow market dispute resolutions and Ether as the primary numeraire likely inhibited mainstream adoption. Nevertheless, v1 proved to be an effective […]
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