Market Cap:
$555 418 328 511
(▲3.50%)
- Volume 24h: $100 559 343 577 (18.11%)
- Market Cap Change 24h: ▲3.50%
- BTC dominance: 61.34%
UMA
UMA
CMC Rank: 46
- USD: $8.33
1h: ▼0.46% 24h: ▼0.08% 7d: ▼0.3%
- BTC: 0.00045 BTC
All Time High: $27.54 2 months ago
Current price is -70 % from ATH
Current price is -70 % from ATH
- Cap: $464 324 961
- Vol 24h: $14 383 572 (3.10 %)
- Circulating: 55 498 535 UMA (54.9 %)
- Total: 101 123 166 UMA
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About UMA
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.
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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