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CRYPTO 101

Ep. 498 Building During the Bear Market with UMA Protocol

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 3 January 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

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).


Guest Links:

https://docs.umaproject.org/

https://twitter.com/hal2001

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Transcript

Click on a timestamp to play from that location

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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