Augur v2 launches to limited fanfare as onboarding process trips up new users

Founded in 2014, Augur is an Ethereum-based prediction market (PM) protocol affording speculators the ability to permissionless-ly create and trade arbitrary derivative products. 

Augur v1 was met with a mixed reception. On-chain order books, slow market dispute resolutions and Ether as the primary numeraire likely inhibited mainstream adoption. Nevertheless, v1 proved to be an effective exercise, allowing for significant stress testing of the Augur oracle mechanism and highlighting various user pain points.