UMA (UMA)

uma UMA (UMA)

$26.98
2.60% (24H)
Watch
Market CapVolumeAvailable Supply
$1.49 B $105.61 M55.84 M UMA

UMA (UMA) has a marketcap of $1.49 B. Its price is 2.60% up in the last 24 hours.

UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data. The UMA project token powers the system in two ways: Governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. Price requests: the priceless methodology minimizes on-chain price requests but doesn’t eliminate them — when contract interactions are disputed, UMA token holders fulfill price requests via the Data Verification Mechanism, or DVM. UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity.

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Some disagreement in the @UMAprotocol Discord about a price dispute.

I created this 3 minute video to show off the conversation and give people on the periphery a peek inside to see how this process works. It’s 🤘

https://youtu.be/Naj2zuxf9V0

UMA has joined the @blockzerolabs DeFi Accelerator which aims to educate, incentivize, and onboard the next 1 million users into DeFi.

Watch the livestream announcement with UMA's Community Lead @TokenArchitect and Block Zero founder @ZacharyDash

https://medium.com/bombx/uma-protocol-joins-blockzero-labs-defi-accelerator-program-5c9a6c84b1de

1/ On Monday Mar 1st at 14:00 UTC UMA governance is holding an UMIP Review Call to discuss the following proposals:

- Add DIGG Token Price Identifiers: https://github.com/UMAprotocol/UMIPs/pull/196

UMA Developer Watch:

A community developer has proposed the addition of $AAVE, $LINK, $SNX, $UMA & $UNI as collateral currencies, as well as UNI-V2 LP tokens WBTC-ETH, USDC-ETH, UNI-ETH, and UMA-ETH.

This would enable users to borrow against those assets.

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