All REP holders should migrate their tokens by August 1, 2026, to stay a part of the lively Augur ecosystem
Augur, certainly one of Ethereum’s earliest decentralized prediction-market and oracle initiatives, right this moment introduced that the second and closing part of its Moon Fork is getting into its closing days, with the two-month migration window for all holders of its REP token closing on August 1.
REP holders should migrate their tokens 1:1 into an outcome-specific model of REP by August 1, 2026. Migration is one-way and irreversible. Tokens that stay within the legacy Augur universe after the window closes will now not be capable of observe the lively protocol and are prone to lose their financial worth. After that time, unmigrated REP can now not be transformed.
Migration tooling is out there by means of Augur’s official fork interface at 6.augurfork.eth.limo, along with a step-by-step information and often requested questions.
The fork is a dwell demonstration of how a decentralized system can defend a truthful consequence with none central authority ruling on the consequence. That safety depends upon participation: REP solely protects the protocol when its holders act.
A dwell check of Augur’s financial safety mannequin
The Moon Fork started on April 8 with an deliberately escalated dispute over the query: Did the Artemis II mission efficiently raise off within the first week of April?
The dispute was initiated by longtime Augur neighborhood member Micah Zoltu to check the protocol’s full decision course of below actual financial situations. The proper consequence was “Sure.”
The method was designed to check the mechanism from starting to finish, together with participant incentives, capital formation, dispute escalation and token migration. Augur entered the fork after sufficient REP was dedicated throughout successive dispute rounds to activate the protocol’s closing decision backstop.
The fork consists of two phases.
Section one: The escalation sport
From April by means of early June, REP holders might stake on competing solutions by means of a collection of more and more costly dispute rounds.
Every spherical required extra capital than the one earlier than it. Contributors staking on the in the end accepted consequence had been eligible to earn a return funded by the shedding facet, making a monetary incentive for the broader market to oppose manipulation.
“Most individuals will work together with Augur through the escalation sport, which lets outcomes battle it out by seeing who can elevate more cash. The losers pay out the winners. Because it’s simpler to lift cash on an consequence individuals consider to be true, that’s the one with the benefit. So on this part we attempt to outspend the attacker, and if we will’t, we go to part two,” mentioned Phill Monastirsky, co-founder of the Lituus Basis, which stewards Augur.
The escalation course of continued till the dispute reached Augur’s fork threshold. Section one is now full.
Section two: Necessary REP migration
The protocol has now break up into separate outcome-specific universes. Each REP holder should select a universe and migrate their REP into the corresponding token.
“Failing to outspend the attacker, we now attempt to maximize their value by forcing them right into a nugatory token,” mentioned Phill. “The protocol splits into tokens similar to the attainable outcomes, with 51% required to win. Since future Augur charges solely proceed on the truthful token, the attacker is pressured to maneuver 51% of the token provide into one thing nugatory. Within the Augur Lituus design, this rises to close 100%. So long as it prices them extra to try this than they achieve from misresolving the market, we’re protected.”
Future official Augur improvement funded by the Lituus Basis will proceed on the universe corresponding with the truthful consequence: that Artemis II efficiently lifted off through the interval specified by the market.
The Basis has migrated its personal holdings and added liquidity to the corresponding token.
What REP holders must do
REP holders ought to take the next steps earlier than August 1:
- Maintain REP in a self-custodied Ethereum pockets or affirm that their trade will assist the migration
- Go to 6.augurfork.eth.limo/#/migration
- Join the pockets holding REP
- Migrate REP 1:1 into the outcome-specific token corresponding with the truthful consequence
- Verify receipt of the brand new REP token within the related pockets
Migration can’t be reversed as soon as accomplished.
REP held on centralized exchanges might require motion by the trade quite than the person consumer. The Lituus Basis has been working with exchanges to assist migration on behalf of their customers. Kraken has confirmed assist; different exchanges haven’t, and holders shouldn’t assume assist until their trade states it explicitly. Present exchange-support standing is maintained at v3.augur.web/#exchange-support.
Trade assist might change through the migration interval. Holders who can’t affirm assist ought to withdraw their REP to a self-custodied pockets and full the migration instantly.
Why the fork issues
Prediction-market platforms in the end depend upon a decision course of to find out which consequence occurred and the place funds needs to be paid.
Many programs depend on corporations, committees, token votes, multisigs or discretionary intervention. Augur was designed round a special mannequin: an open financial course of during which individuals can problem an consequence and are financially rewarded for defending the consequence the broader market acknowledges as true.
When a dispute reaches the fork stage, REP separates into tokens related to every attainable consequence. Holders determine which universe will carry the protocol’s future financial exercise by migrating into it.
The design shifts the safety query away from whether or not a sufficiently rich attacker can briefly affect a vote. As a substitute, it asks whether or not an attacker is prepared to accumulate and sacrifice sufficient REP to assist a false universe that customers, builders and liquidity suppliers might subsequently abandon.
Demonstrating the mechanism behind Augur’s subsequent chapter
The Moon Fork is testing Augur v2’s dispute structure. Future implementations will differ from the unique system, however the dwell train demonstrates the escalation-and-fork sample underpinning Augur’s persevering with oracle analysis.
That work contains Augur Lituus, a proposed modular decision layer designed to permit prediction markets and different purposes to outsource disputed real-world outcomes to an open, economically secured oracle.
The Lituus Basis is funding continued work on Augur’s decentralized decision infrastructure. The prediction-market platform below improvement by means of the separate Darkish Florist workstream is predicted to assist the branches created by means of the fork, quite than the legacy unmigrated REP token.
The dwell migration supplies a sensible demonstration of Augur’s core thesis: a prediction market shouldn’t depend upon any single occasion having the authority to declare what occurred.
Necessary migration data
Migration deadline: August 1, 2026
Migration ratio: 1:1
Migration standing: Necessary for holders who need to stay a part of the lively Augur ecosystem
Migration route: One-way and irreversible
Migration portal: 6.augurfork.eth.limo/#/migration
Holders ought to seek the advice of the official migration interface and Augur channels for the most recent technical directions and exchange-support updates.
About Augur
Augur is a decentralized prediction-market and oracle venture initially constructed on Ethereum. Its dispute system makes use of open participation and financial incentives, with algorithmic forking as a closing backstop, to resolve contested real-world outcomes.
Concerning the Lituus Basis
The Lituus Basis stewards the revival and continued improvement of Augur. The Basis helps open-source improvement carrying Augur’s oracle analysis and engineering ahead.
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