“For V1, the usage of ETH was accomplished by using a contract (‘Cash’) that wrapped ETH and was given additional trust by the Augur contracts to take privileged transfers. The V2 contracts will still reference ‘Cash,’ which will instead point to an ERC20 Token with no extensions. At release time, this will be set to the Multi-Collateral DAI token.”
Other notable protocol improvements include resolving the current weak point on the platform, which allowed bad actors to create deliberately invalid markets, as reported by Cointelegraph. In order to do so, Augur is introducing a V2 upgrade that will allow for “Invalid” to be a tradeable outcome.
The V2 will also involve new features that Augur has dubbed as “Use it or Lose It Forking,” this update will introduce a time limit, along with existing token percentage bonus to encourage users to migrate their tokens and participate in a fork, while ensuring security.
To press time, Augur’s native token REP ranks 35th by market capitalization and is trading at $20.46, according to CoinMarketCap. The token was recently added to Coinbase Pro.