An Interview with Hart Lambur, Co-Founder at UMA

The yWhales team speaks with Hart Lambur, Co-Founder of UMA. UMA is an optimistic oracle that uses economic guarantees to secure markets. Unlike mechanically restrictive price feed oracles, an optimistic oracle is able to serve any arbitrary data on-chain. Lambur discusses how he became interested in finance, the current L2 bridge, the opportunity for an alternative contracting system and why UMA was created. 

About Guests

Hart Lambur is the Co-Founder of UMA. His journey in crypto began with his interest in making finance global instead of local. He dug deeper into what a global contracting system would look like and enjoyed programming incentive structures. His passion for Universal Market Access and decentralized finance led him to found UMA in 2018, to provide various smart contract templates that are automatically secured by an optimistic oracle and serve data for uses including a cross-chain bridge, insurance, custom derivatives and prediction markets.

You’ll learn about:

• Lambur’s background
• UMA and the development background 
• UMA’s oracle system
• Tokenomics
• Accessible innovations
• The UMA community
• Curve and liquidity pools
• The future of UMA

Resources: 

Connect with UMA: Github | Discord | Twitter | Medium | Discourse | YouTube | Website 

Connect with Hart Lambur: Website | Twitter | LinkedIn | Medium

 

Timestamps

[2:02] First exposure to Crypto

[5:16] Cut background noise

[6:03] Contracting system

[8:37] Issues with the current financial systems

[11:49] Cut Jay’s background noise

[11:54] The intersection between TradFi & DeFi

[13:45] Aave Arc

[17:00] The value of UMA

 

[21:53] UMA is an Optimistic Oracle

[27:33] Long vs Short Tokens

[32:34] Overvalued projects

[36:28] The UMA Community

[42:27] About Across

[48:19] UMA’s Structure

[51:55] The “insider” community

[56:03] Why he believes in Ethereum

[58:10] UMA Tokenomics

[1:09:12] The steps businesses should take to implement Web3

[1:15:43] Increasing user engagement with DAOs

[1:17:54] What Hart finds interesting in the Web3 space

[1:24:02] Recruiting in the Web3 Space