[Scea91]

UMA's security model assumes the cost to corrupt the oracle exceeds the profit from corruption. It is quite interesting because it doesn't consider the Polymarket side at all in the calculation.

Doesn't this whole model break down when the Polymarket market far exceeds UMA's market cap?

[forgotTheLast]

Wouldn't UMA tokens increase in value proportionally to Polymarket's market cap, considering they're basically a unit of control of that market cap?

[Scea91]

I am pretty low confidence here but I think in theory it should but in practice there is no mechanism enforcing that?

UMA's current market cap is $68M. There are some Polymarket markets far exceeding that.

[paxys]

Not really, because unless you control 50% of all tokens they are worthless.