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.
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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...
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UMA price live information
As of now, UMA is trading at 0.372095 USD, with a 24-hour trading volume of approximately 420.60K USD. The UMA to USD price is updated in real time. Over the past 24 hours, UMA has decreased by 1.33%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 32.22M USD. Currently, there are 86 580 584.070956 UMA in circulation out of a maximum supply of 124 487 597.27764 UMA.
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