UMA (UMA)

UMA (UMA)

Rank #172

$1.84

0.94%

0.000088 BTC

UMA
USD

MARKET CAP

$126.826M

ALL TIME HIGH

$43.37

VOLUME 24H

$9.599M

CIRC. SUPPLY

68.947M

VOL/MCAP

8.00%

TOTAL SUPPLY

108.859M

DILUTED MCAP

$186.104M

MAX SUPPLY

101.173M

1H USD

0%

24H USD

0.94%

7D USD

18.72%

30D USD

15.58%

60D USD

10.32%

90D USD

0%

Tag:

defiderivativesoraclesdaoView all

UMA Price Chart

24h Change

0.94 %

UMA - UMA Profiles

What is UMA (UMA)?

UMA (UMA) is known as a "universally accessible" protocol. Right from the name, UMA (UMA) has affirmed its goal and development potential - Universal Market Access. This protocol operates on the Ethereum network, allowing users to exchange Synthetic tokens (synthetic tokens) without depending on intermediaries.

With the UMA (UMA) protocol, users can transact with any cryptocurrency through ERC-20 tokens without directly interacting with the coin. As one of the pioneering projects of the DeFi trend, UMA (UMA) has become a bridge to help global users get closer to the financial market.

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Features of UMA open source system (UMA)

UMA (UMA) owns an open source system with two different parts, including:

  • Priceless Financial Contracts Designs: Used to establish synthetic tokens.
  • Data Verification Mechanism (DVM – data verification mechanism): This is a Decentralized Oracle service.

According to the UMA research team, Oracles are considered to be the major problem facing DeFi platforms today. Therefore, they minimized the use of Oracles in the protocol by designing a “Priceless” contracts. These contracts are created to encourage users in the community to practice appropriate behavior when participating in or implementing UMA contracts.

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Core product of UMA (UMA)

Optimistic Oracle

With Optimistic Oracle, contracts can optimize the process of requesting and receiving different types of data. If no contention issues arise, the data proposed by Optimistic Oracle will not be transferred to the DVM. This feature helps contracts get information quickly without recording data on-chain.

LSP contracts

This is one of UMA's most innovative products. LPS contracts help users to set up non-liquid payment products. At the same time, they will be capped based on encrypted long, short positions. As a developer on the UMA protocol, you can choose from several contract templates, such as: Linear, Binary, Covered Call and Range LSP.

Call/put option

Users who own UMA tokens are allowed to profit from call/put options. These options are capable of supporting the DAO Treasury to create profit opportunities for Hodlers. At the same time, call/put option also creates leverage for financial investors.

Range tokens

Range token is a product that helps the DAO create alternatives to diversify the Treasury without selling the original token. Besides, users can use the native token as collateral and borrow stablecoins. This will not be affected by liquidation risks.

KPI Options

If the project completes the defined goals by the deadline, users will receive more Synthetic tokens. This is the reward for punctuality.

Roadmap

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UMA Price Live Data

UMA Price

$1.84

Trading Volume

$9.60 M

All Time High

$43.37

1hour Change

-1.28%

24hours Change

0.94%

24hours Range

0.94%

24hours Low

$6.49

24hours High

$6.86

Liquidity ±2%

$16,467.88 B

Bids -2%

$1.65 M

Asks +2%

$1.64 M

Market Cap

$126.83 M

Fully Diluted Market Cap

186.10 M

Circulating Supply

68.95 M

Total Supply

108.86 M

Max Supply

101.17 M

UMA Markets

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