Equity Overview
Price & Market Data
Price: $0.427
Daily Change: +$0.0097 / 2.27%
Daily Range: $0.409 - $0.436
Market Cap: $38,715,044
Daily Volume: 1,145,452
Details
UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. UMA was launched in December 2018. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain. In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies.Discord | Github | Medium | DocsWhitepaper