MISSION // OUR WORK ON AUGUR

Foundation Reset

We officially announced the reboot of Augur under the guidance of the newly formed Lituus Foundation. Our immediate priorities included:

• Rebuilding infrastructure after years of project dormancy
• Restoring confidence in the REP token by acquiring a significant treasury stake
• Establishing clear direction for the oracle mechanism and community governance

This marked the beginning of a deep research and development phase, focused on both game-theoretic soundness and practical usability.

A Cross-Chain Decentralized Truth Machine

After early architectural planning, we recognized a key opportunity: Augur's oracle mechanism could be separated from prediction markets and offered as a standalone service.

This vision became Generalized Augur — a universal, permissionless oracle protocol where:

• Any user or application can pay a fee to request the resolution of any well-specified question
• The outcome is settled using Augur's upgraded fork-and-escalation resolution process
• Results can be posted to any EVM-compatible chain via bridging mechanisms

This was a major conceptual expansion — from a niche oracle for a specific prediction market to a modular, cross-chain truth layer for Web3.

Q1 and Beyond

Three months into the reboot, we published our first comprehensive progress report. Key updates included:

• REP treasury growth: From ~250k to over 550k tokens under Foundation stewardship
• DEX liquidity provision: Over $100,000 deployed on Uniswap V3 to support token utility
• Community and ecosystem building: Participation in major crypto events, dev outreach, and Discord engagement

R&D milestone: Paused implementation of a prototype (AugurCP) after discovering a critical game-theoretic vulnerability. We're now conducting deeper oracle security research before proceeding.

Q2: Momentum and the Fork

Six months in, our footing solidified and we began scaling operations. This quarter marked two significant milestones:

• Website relaunch: Augur.net went live with clear messaging on oracle design, architecture, and our vision
• Oracle research streams: Continued progress on two complementary paths—one focused on consumer prediction markets, the other on enterprise-grade oracle use cases
• Fork experiment: Community developer Micah Zoltu launched a crowdsourcer to deliberately trigger Augur's first algorithmic fork, a bold test of our core security model
• REP support: Expanded Foundation holdings to 1M REP, doubling our position and strengthening the token's on-chain liquidity

The fork crowdsourcer gained significant traction, eventually filling and setting the stage for a live demonstration of Augur's ultimate defense mechanism.

Q3: Crowdsourcer Filled, Whitepaper Approaching

Our third fiscal quarter brought us to a historic milestone—ten years since Augur first deployed to Ethereum. The quarter was defined by preparation and refinement:

• Crowdsourcer filled: Micah's crowdsourcer successfully raised enough REP to trigger a fork, setting the stage for crypto's first algorithmic fork and a rare, live demonstration of Augur's security model
• Whitepaper in final review: After extensive external feedback from academics and researchers, we completed the Augur Lituus Whitepaper—a comprehensive design for a modular, cross-chain oracle infrastructure
• Parallel development advances: Both development tracks (B2C consumer markets and B2B enterprise oracles) progressed toward a unified REP direction
• Fork and migration tooling: Community-led development of tools to support fork participation and smooth REP migration across outcomes

The whitepaper marked the transition from research to development, establishing Augur Lituus as a shared resolution layer for prediction markets, DeFi protocols, and cross-chain systems. Meanwhile, with the crowdsourcer filled, preparation for the fork—one of the most significant on-chain events in Augur's history—advanced toward execution.

From Research to Development

The Augur Lituus Whitepaper was officially released to the public, presenting a modular oracle design and comparative analysis of oracle security. The paper formalizes Augur Lituus as a shared resolution layer for prediction markets, DeFi protocols, and cross-chain systems—marking the transition from research to active development.

Q4: Rebuilding the Foundation

Twelve months into the reboot, Augur is no longer dormant. Two development tracks are live, the whitepaper is out, a fork is imminent, and REP is liquid. Key progress:

• Research & development: Continued parallel open-source development across both B2C and B2B tracks, released a 20-page academic whitepaper formalizing Augur Lituus, and reached final stages of contract review with an established team to build it
• Liquidity & token support: Maintained and expanded on-chain and CEX liquidity, built internal market making capabilities
• Ecosystem growth: Attended 8 conferences, participated in panels and interviews, re-established Augur's presence among builders

Year one was about getting the design right. Year two is about execution.

Crypto's First Algorithmic Fork

On April 8, Augur entered its first live algorithmic fork — codenamed The Moon Fork after the market that triggered it, a dispute over whether NASA's Artemis II mission successfully lifted off (it did). The fork was intentionally triggered by community member Micah Zoltu as a planned test of Augur's core security mechanism under real conditions.

The escalation game is underway, with REP staked on competing outcomes over multiple rounds. A 2-month migration window will open in June where all REP holders must migrate their tokens 1:1 into the new universe. The fork demonstrates an oracle security model where dishonest positions lose capital and honest positions profit — truth enforced by economic incentives, not centralized actors.

Execution Begins

Full development of Augur Lituus begins this year, with continued focus on a unified REP infrastructure across both the B2C and B2B tracks.

The migration window for the Moon Fork opens in June. The Lituus Foundation is coordinating with exchanges to support migration on behalf of users, and migration tooling is available at 6.augurfork.eth.limo.

Future official Augur development, funded by the foundation, will continue on the fork corresponding with truth.