UMA KPI Options for SMART Alpha Launch

BarnBridge announced that UMA Key Performance Indicator (KPI) options are now live for SMART Alpha.

Two KPI option programs will run in parallel: one for the ETH (USD) pool, and one for the BTC (USD) pool. Each will have 5,000 KPI options associated with them.

• A maximum of 5,000 BOND are set aside for both
• Outcome of the program will be assessed by UMA on November 3rd, 2021
• 30% of each program’s supply is reserved for airdrop recipients

You will have qualified for the airdrops if you were either:

• A SMART Alpha participant in either Epochs 1, 2, or 3 for either pool
• A BarnBridge DAO staker as of September 27th, 2021

Airdrop distribution will be addressed over the coming weeks.

About UMA

UMA builds open-source infrastructure for “priceless” financial contracts on Ethereum. Specifically, this is two things:

• Priceless financial contract templates used to create synthetic tokens
• Decentralized Oracle Service used to manage and enforce contracts on UMA

Together, these two technologies enable the creation of fast, efficient, and secure derivatives on Ethereum.

Key Performance Indicator (KPI) options are synthetic tokens that will pay out more rewards if a project’s KPI reaches predetermined targets before a given expiry date. Every KPI option holder has an incentive to improve that KPI because their option will be worth more. This is intended to align individual token holder interests with the collective interests of the protocol.

About BarnBridge

BarnBridge is a suite of risk tokenization protocols for DeFi. Its applications allow users to select from opposing pools and take positions on risk factors like interest rates or asset prices. Its first application, SMART Yield, offers fixed and levered variable yields on stablecoins deposited into underlying lending markets like Aave, Compound, and C.R.E.A.M. Finance. Its application suite has expanded to include SMART Exposure, a position rebalancing solution, as well as SMART Alpha, which allows users to calibrate their exposure to price movements in an underlying digital asset. BarnBridge is currently live on Ethereum, Polygon Network, Binance Smart Chain, and Avalanche, with deployments on Arbitrum and Optimism all on the horizon.

📰 INFO

https://medium.com/barnbridge/uma-kpi-options-for-smart-alpha-are-now-live-c542c89ee534