Trueo Ethereum plan attracts Vitalik Buterin reward

Trueo has introduced plans to maneuver its prediction market protocol from Base to Ethereum mainnet and requested customers to keep away from new Base markets expiring after January 31, 2027.

Trueo mentioned in its migration announcement that the Base software will stay obtainable whereas the Ethereum deployment is ready. Buying and selling, market decision and redemptions will proceed, whereas current markets will stay accessible by their expiries. The venture mentioned TYD used as collateral will hold incomes yield in the course of the transition.

Launched on Base in March 2025, the protocol runs binary YES-or-NO prediction markets onchain. Trueo’s documentation describes buying and selling as non-custodial, with transactions executed instantly onchain by a customized Uniswap v4 hook. TYD serves because the cost asset for present market positions and oracle bonds underneath the current deployment.

Trueo retains Base markets working throughout Ethereum transfer

For current customers, the migration won’t instantly shut down the Base model. Trueo mentioned markets expiring throughout 2026 can nonetheless be created there, whereas current markets will proceed working underneath their present settlement system. New market concepts requiring an expiry after January 31, 2027 ought to await the Ethereum occasion, in accordance with the venture.

TRUE, the protocol’s governance and oracle token, will transfer to Ethereum by an open-ended migration. Trueo has not introduced a deadline for token holders to finish the method. The venture mentioned future staking and liquidity incentives will function on Ethereum as soon as the brand new deployment turns into obtainable.

Present public knowledge reveals that the transfer has not been accomplished. Trueo’s official deployment documentation nonetheless lists its TruthMarketManager, OracleCouncil, OracleBonds, OrderManager and market grasp contracts on Base mainnet. No Ethereum mainnet deployment addresses seem on that web page.

DefiLlama’s Sept. 22 snapshot attributes all $796,126.31 of tracked Trueo TVL to Base. The identical knowledge data $9,727.92 in DEX quantity in the course of the earlier 30 days and identifies Base as holding 100% of tracked protocol TVL.

Ethereum liquidity and integrations drove Trueo’s resolution

Explaining its resolution, Trueo cited Ethereum’s community results, obtainable liquidity, integration choices and long-term infrastructure. The staff mentioned decrease execution prices on Ethereum have made mainnet extra sensible for its product, whereas the community’s roadmap gives what Trueo described as a impartial and predictable base for growth.

Trueo framed Base as helpful in the course of the protocol’s earlier experimental interval as a substitute of criticizing the Coinbase-linked Layer 2. The staff mentioned Ethereum higher suits its meant mannequin of a extensively built-in, permissionless and extremely immutable prediction market, whereas liquidity progress and decreased belief assumptions stay priorities for the subsequent deployment.

Ethereum’s current DeFi setting fashioned one other a part of the venture’s said reasoning. Trueo mentioned direct entry to Ethereum functions and liquidity may present extra integration paths. The staff described the Ethereum L1 prediction-market subject as much less crowded than a number of competing blockchain environments, presenting that evaluation as a part of its personal migration case.

Vitalik Buterin praises Trueo’s prediction market mannequin

Ethereum co-founder Vitalik Buterin responded publicly on Sept. 21, welcoming what he described as a brand new prediction-market contender on Ethereum L1. Buterin praised Trueo’s said give attention to decentralization and moral design, calling it “not corposlop” and saying prediction markets might be used for “interesting and meaningful things.”

His response follows months of public criticism of some prediction-market merchandise. As crypto.news reported in February, Buterin warned that the sector was turning into closely centered on short-duration cryptocurrency value wagers and sports activities betting. He described the course as an “unhealthy product market fit” and mentioned hedging and real-world danger administration as different doable makes use of.

In related crypto.news coverage, Buterin proposed prediction-market-style mechanisms as one layer of future onchain governance, paired with a separate preference-setting system meant to withstand seize. His newest Trueo feedback didn’t announce an Ethereum Basis partnership, grant, funding or different formal association with the venture.

Trueo plans a brand new oracle system on Ethereum

Trueo mentioned work surrounding the Ethereum deployment will embody a next-generation oracle system for disputed prediction-market outcomes. The migration announcement didn’t give a launch date or publish Ethereum contract addresses, leaving the Base contracts as the one deployment presently listed in Trueo’s public documentation.

The present protocol makes use of an optimistic decision course of. Trueo’s decision documentation says any participant can suggest an final result as soon as a market meets its decision standards, starting a 12-hour problem interval. If no one raises a sound dispute, the proposed outcome turns into closing on the finish of the window.

When a participant challenges an final result, Trueo’s current dispute path can transfer by a number of ranges. The Oracle Council handles an early arbitration stage, adopted by escalation to TRUE holders when an additional problem meets the required situations. On the closing stage, the protocol randomly selects 11 attesters to find out the market final result and relevant slashing situations.

Market definitions are dedicated onchain when customers create them. Trueo data the market query, authorized decision sources and supporting decision data as immutable strings, in accordance with its documentation. The venture says the setup prevents the written market phrases from being modified after deployment.

Its printed integrity requirements prohibit markets that instantly create incentives for focused violence, terrorism, self-harm or different harmful conduct. Markets missing clear, publicly verifiable decision standards have to be canceled underneath the protocol’s said guidelines.

Trueo has not printed a deadline for launching its Ethereum deployment or finishing the TRUE token migration. Throughout the transition, the venture says Base buying and selling, decision and redemptions will proceed, whereas future staking and liquidity reward packages are scheduled to function on Ethereum after the mainnet occasion goes stay.