/
UMA is a decentralized financial contracts platform harnessing Ethereum's capabilities to offer a secure and efficient open-source protocol for the creation of financial products. It features a self-enforcing contract design and a provably honest oracle mechanism to permit the formulation of custom products without traditional enforcement, reflecting an aim to democratize financial innovation with standards like ERC20 tokens. Operating on principles of Universal Market Access, UMA empowers users to create and manage financial products akin to fiat financial derivatives, remaining permissionless and universally accessible. UMA fluctuates between 120M and 125M in total supply, with a circulating supply between 81M and 88M. It trades across 245 to 291 markets, with daily volumes ranging from $6M to over $134M, and token prices between $1.07 to $3.87. More information can be found at umaproject.org.
UMA is a decentralized financial contracts platform harnessing Ethereum's capabilities to offer a secure and efficient open-source protocol for the creation of financial products. It features a self-enforcing contract design and a provably honest oracle mechanism to permit the formulation of custom products without traditional enforcement, reflecting an aim to democratize financial innovation with standards like ERC20 tokens. Operating on principles of Universal Market Access, UMA empowers users to create and manage financial products akin to fiat financial derivatives, remaining permissionless and universally accessible. UMA fluctuates between 120M and 125M in total supply, with a circulating supply between 81M and 88M. It trades across 245 to 291 markets, with daily volumes ranging from $6M to over $134M, and token prices between $1.07 to $3.87. More information can be found at umaproject.org.
The purpose of UMA (Universal Market Access) is to democratize financial innovation by enabling the creation and trading of decentralized financial contracts on the Ethereum blockchain. By using an open-source protocol, UMA allows users to design and negotiate customizable financial products efficiently and securely, promoting universal market access.
UMA employs a self-enforcing contract design powered by economic incentives rather than traditional enforcement methods. This design ensures that contracts are executed fairly and accurately, leveraging the transparency and security of public blockchains, while reducing reliance on intermediaries.
UMA's oracle mechanism is provably honest, ensuring data integrity and reliability without central authority. This oracle system supports the secure execution of financial contracts by providing accurate data feeds, crucial for transaction verification and minimizing the potential for disputes.
UMA stands out by focusing on creating custom financial contracts with a unique self-enforcing design and honest oracle mechanism. Unlike some other DeFi platforms, UMA emphasizes the decentralized creation of derivative products and universal market access, making it highly versatile and secure without traditional enforcement.
Industries that deal with financial derivatives, tokenized assets, and synthetic products can benefit from UMA's platform. By enabling decentralized, cost-efficient creation and trading of customized financial contracts, UMA supports industries in streamlining operations and expanding market access without reliance on traditional financial systems.
When encountering issues with UMA contracts, verify that smart contracts are correctly coded and deployed on the blockchain. Ensure accurate data is fed into the oracle and check for compatibility with ERC20 standards. Utilize community forums or UMA's official resources for further troubleshooting assistance and guidance.
decentralized forex market on uma
Degenerative Finance is a DeFi platform on the UMA protocol for trading derivatives and synthetic assets, allowing creation and trade without owning real assets, aiming to democratize access to financial products.
OMA3 leverages AI to enhance blockchain smart contracts, offering simplified creation, management, and execution to improve accessibility, efficiency, and security at https://www.oma3.org/.
UMI (UMI) is a cryptocurrency launched in 2020. UMI has a current supply of 586,141,472 with 0 in circulation. The last known price of UMI is 0.00195022 USD and is down -0.05 over the last 24 hours. It is currently trading on 7 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://umi.top.
Hedge the Risk of Everything with Umoja Finance's automated asset-hedging protocol, offering unbeatable pricing, simple protection, and low counterparty risk.
Numa is a web3 ecosystem merging human-digital realms with customizable 3D avatars and spaces, prioritizing digital identity, ownership, and user-centric interaction via blockchain.
MUA DAO revolutionizes digital asset creation by uniting AI and human creativity through its decentralized ecosystem, featuring the MUA7648 protocol and various community-driven components.
Moma Protocol is a DeFi platform enabling flexible lending, borrowing, and launching of liquidity pools via smart contracts. It focuses on market expansion with scalable, customizable tools for diverse user needs, enhancing DeFi liquidity and accessibility.
Unification (FUND) is a blockchain framework offering deployable solutions with a suite of products for enhanced security, scalability, and interoperability.
Community Owned Layer 2 Oracle Revolutionizing DeFi
Universal Decentralized Asset Platform designed to facilitate the creation and management of digital assets.
Omium Protocol is a DeFi hub on Cosmos, offering a DEX, liquidity incentives, and yield farming to enhance asset management and interoperability.
