top | item 46532609 (no title) forgotTheLast | 1 month ago 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? discuss order hn newest Scea91|1 month ago 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|1 month ago Not really, because unless you control 50% of all tokens they are worthless. rokkamokka|1 month ago Only if you assume literally all other tokens are voting against you
Scea91|1 month ago 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|1 month ago Not really, because unless you control 50% of all tokens they are worthless. rokkamokka|1 month ago Only if you assume literally all other tokens are voting against you
Scea91|1 month ago
UMA's current market cap is $68M. There are some Polymarket markets far exceeding that.
paxys|1 month ago
rokkamokka|1 month ago