3 ms·
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?
by forgotTheLast 9mo 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?
- Scea91 9mo agoI 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 9mo agoNot really, because unless you control 50% of all tokens they are worthless.
- rokkamokka 9mo agoOnly if you assume literally all other tokens are voting against you