Launch delayed due to discrepancies between code and documentation. by Munair and Shalaquiana. Omniscia released the results of their audit of the BIOPset smart contracts. Critical bugs were discovered and the report is helping us substantially improve the quality of the protocol. However, discrepancies between the code and outdated documentation…

As we arrive at the tale end of June lets recap what we’ve worked on and how to grow in July. 1. Bringing the experience to life Lots of work has been put in to make the UX a easy and fun process. A few different developers have come and gone, some new ones are starting…

With more and more decentralized protocols introducing public mechanisms to keep their systems running how can we make money with this? At BIOPset one of our core mechanisms is the “settler”, a settler is a role that anyone, human or bot, can fill by closing binary options started by other…

We’ve received the preliminary report from the audit. By: Shalaquiana Corrections have been resubmitted for secondary review by Omniscia and the full report will be available soon. Until then here is a list of which suggestions we adopted and which we didn’t. TL;DR We have implemented 43/47 suggestions made in the…

Lets take a second look at other Binary Option protocols upcoming and now live. See how BIOPset stacks up. Missed part 1? Check it out here: https://medium.com/biopset/the-state-of-on-chain-binary-options-346164101f38 Before we begin lets first review part 1. Spectre.ai, closest to BIOPset that I’ve found yet. Unfortunately they require signup(at least when I…

A detailed explanation of the system for implementing protocol changes. By Munair and Shalaquiana. The binary options settlement protocol (“BIOPset”) was not only designed to be precisely controlled by the Settlement DAO, but also upgraded and maintained securely. We previously introduced the Settlement DAO here. However, we will cover smart…

A definition of the decentralized autonomous organization and an explanation of its significance. By Shalaquiana and Munair. The Settlement DAO governs the binary options settlement protocol (“BIOPset”). This decentralized autonomous organization (“DAO”) is fluid and liquid democracy inspired. More importantly, it controls the protocol and its treasury. This article is…

The latest status on the completion of the audit of BIOPset smart contracts. By Munair and Shalaquiana. We have not gotten the audit started yet, but we are certain that it should commence tomorrow. The exact reasons for the delay are outlined in this article. TL;DR Audit contracts will be submitted…

If you don’t know what version 2 or 3 are you don’t need to worry about this. It’s only for the OGs… The previous 2 versions of BIOPset also used a governance token called BIOP. One of our goals has always been to make sure that the earliest adopters were…