Allison Lu's guest appearances

Allison Lu

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Wyre Talks

The DeFi Podcast

Taylor Monahan

Evan Shapiro

James Prestwich

Amir Bandeali

Will Warren

Joey Krug

Alex Wearn

Anatoly Yakovenko

Loong Wang

Matt Luongo

Hayden Adams

Adam Draper

Itamar Lesuisse

Nadav Hollander

Andy Bromberg

OwlTail

UMA, or Universal Market Access, is an open source financial contracts protocol for building synthetic assets. It allows any two counterparties to design and create their own financial contracts for derivatives. An example of these assets in the traditional finance world, are interest rate derivatives. These are used to hedge against fluctuations in currency exchange rates. Today, interest rate derivatives are commonly used and the contracts to create these are standardized. Similarly, UMA allows anyone to create a derivative on a blockchain. Enforcement of agreement will be enforced by the network and so will settlement.What’s unique about UMA is how it ensures proper collateralization of derivatives. Maker and other platforms based on collateralized positions use a price oracle and will automatically liquidate positions if they go below a certain threshold. UMA is ‘priceless’ and does not use an on-chain price feed as the primary means to determine proper collateralization. Rather, it incentivizes participants to identify improperly collateralized positions. UMA token holders essentially vote on the price. Allison Lu, co-founder of UMA, chats in-depth about the platform and provides a great introduction to the world of financial derivatives.Topics covered in this episode:Allison’s background and how she got into blockchainWhat derivatives are and how they work in the legacy financial systemHow the UMA protocol worksHow synthetic tokens are traded and fungibilityCreating put options on the frameworkHow does this compare to prediction marketsUMA’s liquid mechanismPriceless syntheticsWhat are the incentives on the protocolThe importance of delayed reaction timesHow liquidation work and minting worksHow to prevent scammingThe dispute process and corruptionWhat makes the UMA protocol uniqueThe UMA roadmapEpisode links: UMA WebsiteUMA DocsUMA GithubUMA MediumUMA TwitterAllison Lu TwitterThis episode is hosted by Sunny Aggarwal &amp; Friederike Ernst. Show notes and listening options: epicenter.tv/349

UMA, or Universal Market Access, is an open source financial contracts protocol for building synthetic assets. It allows any two counterparties to design and create their own financial contracts for derivatives. An example of these assets in the traditional finance world, are interest rate derivatives. These are used to hedge against fluctuations in currency exchange rates. Today, interest rate derivatives are commonly used and the contracts to create these are standardized. Similarly, UMA allows anyone to create a derivative on a blockchain. Enforcement of agreement will be enforced by the network and so will settlement.What’s unique about UMA is how it ensures proper collateralization of derivatives. Maker and other platforms based on collateralized positions use a price oracle and will automatically liquidate positions if they go below a certain threshold. UMA is ‘priceless’ and does not use an on-chain price feed as the primary means to determine proper collateralization. Rather, it incentivizes participants to identify improperly collateralized positions. UMA token holders essentially vote on the price. Allison Lu, co-founder of UMA, chats in-depth about the platform and provides a great introduction to the world of financial derivatives.Topics covered in this episode:<ul><li>Allison’s background and how she got into blockchain</li><li>What derivatives are and how they work in the legacy financial system</li><li>How the UMA protocol works</li><li>How synthetic tokens are traded and fungibility</li><li>Creating put options on the framework</li><li>How does this compare to prediction markets</li><li>UMA’s liquid mechanism</li><li>Priceless synthetics</li><li>What are the incentives on the protocol</li><li>The importance of delayed reaction times</li><li>How liquidation work and minting works</li><li>How to prevent scamming</li><li>The dispute process and corruption</li><li>What makes the UMA protocol unique</li><li>The UMA roadmap</li></ul>Episode links: <ul><li><a href="https://umaproject.org/" rel="nofollow" target="_blank">UMA Website</a></li><li><a href="https://docs.umaproject.org/" rel="nofollow" target="_blank">UMA Docs</a></li><li><a href="https://github.com/umaprotocol" rel="nofollow" target="_blank">UMA Github</a></li><li><a href="https://medium.com/uma-project" rel="nofollow" target="_blank">UMA Medium</a></li><li><a href="https://twitter.com/UMAprotocol" rel="nofollow" target="_blank">UMA Twitter</a></li><li><a href="https://twitter.com/allilulllc" rel="nofollow" target="_blank">Allison Lu Twitter</a></li></ul>This episode is hosted by Sunny Aggarwal &amp; Friederike Ernst. Show notes and listening options: <a href="https://epicenter.tv/349" rel="nofollow" target="_blank">epicenter.tv/349</a>

Allison Lu: UMA – The Open Financial Platform for Building Synthetic Assets

UMA Protocol - https://umaproject.org/Allison Lu - https://www.linkedin.com/in/allisonlu/The DeFi School —  https://www.defi.school/Kerman Kohli —  https://www.linkedin.com/in/kermankohli

UMA Protocol - <a href="https://umaproject.org/" rel="nofollow" target="_blank">https://umaproject.org/</a>Allison Lu - <a href="https://www.linkedin.com/in/allisonlu/" rel="nofollow" target="_blank">https://www.linkedin.com/in/allisonlu/</a>The DeFi School —  <a href="https://www.defi.school/" rel="nofollow" target="_blank">https://www.defi.school/</a>Kerman Kohli —  <a href="https://www.linkedin.com/in/kermankohli" rel="nofollow" target="_blank">https://www.linkedin.com/in/kermankohli</a>

Developing Standards for Universal Market Access - Featuring Allison Lu of UMA Protocol

Hart Lambur

Today, we’re joined by the cofounders of UMA, COO Allison Lu and CEO Hart Lambur. Allison and Hart explain how UMA facilitates bilateral derivatives by allowing the short side to be levered and collateralizing the long side at 100%, and they describe how the tokenized derivative smart contract serves as the protocol’s core technology. They go on to cover the hub-and-spoke design of the UMA market structure, the team’s decision to adhere to the ERC-20 standard, and the planned shift from a one-to-many to a multi-token-sponsor model. Allison and Hart also discuss the positive response to UMA’s USStocks synthetic token and the protocol’s potential to galvanize an ‘army of DeFi nerds’ via money-making arbitrage opportunities. Listen in for insight around UMA’s bring-your-own-price-feed approach to the oracle problem and learn how the team’s framework for dispute resolution—the decentralized oracle—serves as the foundation for its business plan. Follow Thomas (host) on Twitter: https://twitter.com/tomscaria Follow Louis (host) on Twitter: https://twitter.com/louAboudHogben Follow Hart (guest) on Twitter: https://twitter.com/hal2001 Follow Allison (guest) on Twitter: https://twitter.com/allilulllc

Today, we’re joined by the cofounders of UMA, COO Allison Lu and CEO Hart Lambur. Allison and Hart explain how UMA facilitates bilateral derivatives by allowing the short side to be levered and collateralizing the long side at 100%, and they describe how the tokenized derivative smart contract serves as the protocol’s core technology. They go on to cover the hub-and-spoke design of the UMA market structure, the team’s decision to adhere to the ERC-20 standard, and the planned shift from a one-to-many to a multi-token-sponsor model. Allison and Hart also discuss the positive response to UMA’s USStocks synthetic token and the protocol’s potential to galvanize an ‘army of DeFi nerds’ via money-making arbitrage opportunities. Listen in for insight around UMA’s bring-your-own-price-feed approach to the oracle problem and learn how the team’s framework for dispute resolution—the decentralized oracle—serves as the foundation for its business plan. Follow Thomas (host) on Twitter: <a href="https://twitter.com/tomscaria" rel="nofollow" target="_blank">https://twitter.com/tomscaria</a> Follow Louis (host) on Twitter: <a href="https://twitter.com/louAboudHogben" rel="nofollow" target="_blank">https://twitter.com/louAboudHogben</a> Follow Hart (guest) on Twitter: <a href="https://twitter.com/hal2001" rel="nofollow" target="_blank">https://twitter.com/hal2001</a> Follow Allison (guest) on Twitter: <a href="https://twitter.com/allilulllc" rel="nofollow" target="_blank">https://twitter.com/allilulllc</a>

Ep 38, UMA - The Primitive for Tokenized Financial Exposure with Co-Founders, Hart Lambur and Allison Lu