UMA icon
UMA
Universal Market Access
$0.0000AUD
All
1W
1M
1Y
Basic chart
Advanced chart
Information
Transactions
Orders
UMA icon

What is UMA?

Universal Market Access (UMA) is a protocol built on the Ethereum network that allows users to create custom, collateralised, synthetic cryptocurrency. The advantage is that this synthetic cryptocurrency can track the price of virtually all assets. In other words, UMA allows users to trade any asset using ERC20 tokens without having actual exposure to the asset itself. This allows people to gain exposure to assets that they won’t normally have access to. UMA opens a world of possibilities for DeFi. In summary, it puts derivatives on the blockchain. Instead of using a price oracle, users are given financial incentive to do price discovery by identifying and liquidating token issuers. The initial supply of UMA token was 100 million, but it has no hard cap and can be inflationary and deflationary.

Related Coins

Coin
Price
24hr
STETH icon
STETH
Lido Staked Ether
-
LDO icon
LDO
Lido DAO Token
-
RUNE icon
RUNE
THORChain
-
INJ icon
INJ
Injective Protocol
-
RETH icon
RETH
Rocket Pool ETH
-
SNX icon
SNX
Synthetix
-
KAVA icon
KAVA
Kava.io
-
CAKE icon
CAKE
PancakeSwap
-
CETH icon
CETH
Compound ETH
-
WOO icon
WOO
WOO Network
-
COMP icon
COMP
Compound
-
Instant
Buy Limit
Buy Stop
UMA icon

Buy Universal Market Access

UMA Balance: -
Purchase Amount
Switch to UMA
AUD
0.00000000 UMA