THELOGICALINDIAN - Augur is gluttonous to boldness some of the user acquaintance issues in its additional adaptation
If I were a action man, I’d action that Augur’s newest anticipation bazaar belvedere will be appear afterwards the summer. Diviner announced the arrangement changes that they’ll be implementing for Diviner V2 beforehand this month, and their ZenHub algorithm is targeting a mid-June launch.
Version 1 of the anticipation bazaar bound became the Ethereum’s best accepted dApp, but there were abounding flaws in the aboriginal edition. As Crypto Briefing reported, the arrangement had high barriers to access and was acutely accessible to “manipulation” by backbiting parties.
The capital criticisms of the belvedere came during the aberrant resolution action for the accomplished contour market on Augur. A bazaar admiration the champ of the US House Elections had over $2 actor in accessible interest, but the creator of the market, who uses the persona of a “soft cat” on Twitter and in the Augur Discord channel, ambiguously phrased the bazaar in an attack to profit.
The altercation stemmed from the cryptic delivery of the question, “Which affair will ascendancy the House afterwards 2024 U.S. Midterm Election?” Although best users would adapt this as a aboveboard account on the elections’ outcome, a austere estimation would agenda that the Republicans connected to ascendancy the House.
However, the bazaar resolved as expected, and losses were minimized. The absolute action pushed Augur developers to accomplish allusive changes to the platform.
The Augur developers didn’t apprehend the aboriginal adaptation of the belvedere to be perfect, and Augur Co-Founder Joey Krug alike predicted abounding of its failings. Two years ago, Krug said, “The aboriginal adaptation of Augur will acceptable be somewhat apathetic and hardly big-ticket (think pennies and abounding abnormal per trade), but it’ll absolutely be a admirable glimpse of what’s to come.”
What’s in Store For Version 2?
We got a blink at the new changes in the team’s latest update, which included:
The changes accede that advertisement on contest was difficult and expensive, and that abecedarian traders could be taken advantage of. The new appearance will accomplish it easier and safer to bet while hopefully bringing in added users.
Augur Foresees A Strong Year
Augur hopes to advance aloft a acknowledged aboriginal year of operation with its additional version. The cardinal of different addresses that are trading, creating, and advertisement on Augur markets accept all been steadily accretion back the belvedere launched aftermost July.
In addition, alive action has additionally increased, with the cardinal of accomplished markets additionally growing over time. It’s bright the cardinal of invalid markets are growing as well, which makes the improvements in V2 alike added important affective forward.
As apparent in the graph below, the accessible absorption (total ETH staked on Augur markets) fluctuates greatly, and this is because trading tends to apply aural few highly-liquid markets. V2’s associate business affairs and dollar-denominated markets may animate added traders to advance their trading action throughout added markets.
What could Version 3 bring?
It’s a acceptable assurance that the Augur aggregation is acquainted that the aboriginal adaptation wasn’t perfect. These changes will help, but they’re not activity to accomplish Augur broadly acclimated – yet.
Augur still needs easier authorization on-ramps, a added affable user experience, and added clamminess on the belvedere to animate traders to participate. Authorization on-ramps and the acquirements ambit appropriate to use the Ethereum blockchain are challenges that will acceptable be apparent alfresco of Augur. In addition, third-party platforms such as Veil are additionally authoritative it easier for users to participate in Augur with bigger user experience.
Although it’s too anon for predictions, one ability achievement for approaching versions of Augur to accept absolute affiliation with Coinbase for accessible authorization on-ramps and able KYC. We can additionally achievement for third affair integrations creating bigger user-experiences to use the application.
I’ll bet $5 that the belvedere can sustain its growth.
