Umee: The Secret Sauce To Stopping Oracle Attacks?
BCR Podcast: Episode 7 - Brent Xu, Founder of Umee - a DeFi protocol that recently launched the "Historacle" solution to eliminate oracle attacks in small cap coins.
For the seventh episode of the BCR Podcast, I was able to speak with Umee (UMEE-USD) founder Brent Xu. Xu previously spent time with ConsenSys and Cosmos (ATOM-USD) before launching the Cosmos-based lending protocol, Umee. In this conversation, Brent and I talked about what Umee is and how the token has utility within the lending platform. Other topics we covered during the call include but are not limited to:
Brent's traditional finance background
Why DeFi is disruptive to traditional finance
How Umee is combating Oracle attacks like the one that drained Mango Markets last year
The future of multi-chain as an idea
Is proof of stake a security?
Blockchain disruption beyond finance?
Can DeFi eventually overtake mortgage lending or automotive lending?
This was a very interesting conversation and I hope you guys enjoy it. You can listen to almost the whole conversation below…
In the full version that is exclusive to BlockChain Reaction subscribers, we talked about Bitcoin and the community fight that may be coming as a result of Bitcoin’s new NFT project, Ordinals.
Disclosure: I have a long position in ATOM-USD. The views and opinions expressed in the following podcast are those of myself and my guest. None of this is investment advice or a solicitation for you to buy any financial instrument. I am not a licensed investment advisor. This content is for information purposes only. This episode was recorded on February 3rd, 2023.