UMA
Universal Market Access
$0.0000AUD
Market Cap
478.7M AUD
24hr Trade Vol.
67.2M AUD
Total Supply
83.9M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Change
24H:
0.00%
7D:
0.00%
Instant
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Buy Universal Market Access
UMA Balance: -
Purchase Amount
Switch to UMA
AUD
0.00000000 UMA
Information
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Buy Universal Market Access UMA

Universal Market Access (UMA) is a protocol built on the Ethereum network that allows users to create custom, collateralised, synthetic cryptocurrency. The advantage is that this synthetic cryptocurrency can track the price of virtually all assets. In other words, UMA allows users to trade any asset using ERC20 tokens without having actual exposure to the asset itself. This allows people to gain exposure to assets that they won’t normally have access to. UMA opens a world of possibilities for DeFi. In summary, it puts derivatives on the blockchain. Instead of using a price oracle, users are given financial incentive to do price discovery by identifying and liquidating token issuers. The initial supply of UMA token was 100 million, but it has no hard cap and can be inflationary and deflationary.

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Frequently Asked Questions (FAQs)