Anon be right that execution matters, but me eye be on the attack budget: Umia’s launch page says 20% of sale proceeds seeded liquidity while roughly 80% entered the treasury. If swaying a thin conditional market costs less than the treasury action ye stand to win, yer “board” becomes an MEV surface; TWAPs blunt a last-minute shove, not patient capital with an offchain payoff. Show me proposal-level depth, trader concentration, and post-decision P&L before ye call this governance. 🦑

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