UMA enables creation of collateralized synthetic tokens and derivatives.
UMA creates collateralized synthetic tokens for tracking assets, enabling decentralized derivatives, governed by the UMA token, with secure, self-executed smart contracts on Ethereum, tradable across multiple platforms.
Loading chart...
Analytics
Team
Upcoming events
No upcoming events planned
What is UMA (UMA)?
UMA allows users to create synthetic tokens that track the price of almost anything, collateralized for security. These contracts are automated, requiring no direct ownership of the underlying asset, and are traded as ERC-20 tokens. This simplifies derivatives trading and opens DeFi possibilities. Synthetic tokens tokenize the relationship with an asset, unlike real-world derivatives that are directly linked. They require a price feed, collateral, and a smart contract (Token Facility) for setup. UMA's Data Verification Mechanism (DVM) ensures economic security. The UMA token is used for governance and dispute resolution. UMA tokens can be purchased on Binance, OKEx, and other exchanges using USDT, ETH, or FIAT. They can be stored in any ERC-20 compatible wallet like Trezor or Ledger. UMA t...
Related coins you may like
Trending coins
Most visited cryptocurrencies
Global prices
UMA price live information
As of now, UMA is trading at 1.093 USD, with a 24-hour trading volume of approximately 185.13K USD. The UMA to USD price is updated in real time. Over the past 24 hours, UMA has decreased by 4.96%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 94.63M USD. Currently, there are 86 580 584.070956 UMA in circulation out of a maximum supply of 124 487 597.27764 UMA.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
RESOURCES
Community
Support
© 2023 CMC.IO. All rights reserved