4.6 • 821 Ratings
🗓️ 3 January 2023
⏱️ 38 minutes
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In this episode of Crypto 101 we talk to Hart Lambur of UMA Protocol who explains to us why launching his new project in a bear market is the ultimate preparation for the next bull cycle. UMA's Optimistic Oracle allows contracts to quickly request and receive data information. The Optimistic Oracle acts as a generalized escalation game between contracts that initiate a price request and UMA's dispute resolution system known as the Data Verification Mechanism (DVM).
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0:00.0 | All right, everybody, welcome back to another episode of the Crypto 101 podcast. |
0:13.0 | I'm your host, Bryce. |
0:15.0 | And I'm joined today by an awesome guest, a co-founder in the space, a serial co-founder. It sounds like of the OMA protocol, |
0:24.4 | of across network, or across protocol as well as outcome finance. And so Hart Lamber, |
0:30.4 | welcome to the podcast and I hope you're having a good day so far. How are things? Thanks, |
0:34.4 | bruce. Things are going well, man. Thank you for having me. Yeah, things are probably crazy in your world. |
0:40.1 | I know you just launched a token on the across protocol in the depths of a bear market. |
0:46.5 | So that's a ballsy move. |
0:47.9 | I haven't had many people on the podcast in the last, like, call it six months that have |
0:51.5 | launched a token. |
0:52.4 | So tell us about the thought process behind |
0:54.7 | that. Yeah, I guess we'll jump right into it. Just like what does it mean? Yeah, what does it |
1:00.2 | mean to launch a token in the in the depth of a bear market? I mean, so we've done this now twice. |
1:05.4 | The Uma token, we didn't launch in the depths of a bear exactly. We launched at the end of a bear. This is in |
1:14.0 | April of 2020. We were actually the UMA token to go back for a second was the first token that was |
1:20.7 | ever listed solely and exclusively on a decentralized exchange. So we were the first token ever |
1:26.2 | list on Uniswap. And one of the experiences |
1:29.7 | we had from that is it's really cool to be able to grow your network from the bottom, |
1:35.3 | like actually have a community that's earning ownership in a network from the low prices, let's say, from the start. |
1:46.6 | And I actually think there are some serious advantages to launching a network. |
1:51.3 | So across the token for the across bridge, and we'll go into what across it is and how that all works. |
1:56.6 | Launching that right at the depths of a bare market, it has a real advantage of like the people |
... |
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