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UMA is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
Buy UMAEarn up to $2,000 when you buy $50 in crypto
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-10.29%
15
-51.61%
50
35.14%
62
$100.56M
-1.93%
$144.22M
88M UMA
Not enough data
126M UMA
$144.23M
#328
0%
$15.84M
-15.75%
$107.28M
$443.37M
$44.99
-55.88%
UMA vs markets
↘ 74.15%
UMA vs BTC
↘ 72.01%
UMA vs ETH
↘ 71.58%
Tags
defi
derivatives
oracles
dao
+3
Network | Address | |
|---|---|---|
Ethereum | 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828 | |
Avalanche C-Chain | 0x3Bd2B1c7ED8D396dbb98DED3aEbb41350a5b2339 |
Time | Price | Change |
|---|---|---|
Today | $1.13 | ↘ 2.36% |
1 Day | $1.17 | ↘ 2.36% |
1 Week | $1.19 | ↘ 4.33% |
1 Month | $1.19 | ↘ 4.49% |
1 Year | $2.58 | ↘ 55.88% |
UMA, an acronym for Universal Market Access, is a decentralized financial contracts platform that strives to enable universal market access. It is an optimistic oracle (OO) that has the potential to record any verifiable truth onto a blockchain. This unique feature has led to UMA's OO being referred to as a "human-powered truth machine". It is designed to be flexible enough to handle ambiguity and expands the design space possible in web3. UMA's OO is used in a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.
UMA operates through an optimistic oracle system that verifies data in stages. Initially, a statement is proposed as true and submitted along with a bond. This bond acts as a bounty for anyone to dispute it if they have evidence to the contrary. If the statement is not disputed during the challenge period, it is accepted as true. If a dispute arises, UMA token holders resolve the dispute within 48 hours. If the disputer is right, they receive a portion of the proposer's bond; if the disputer is wrong, they lose their bond, a portion of which is given to the proposer. This system introduces the opportunity for human intelligence to weigh in, which is crucial for Web3 projects as they require arbitrary data that is not always possible to turn into code.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Trending articles
Popularity in posts
#843
Contributors
0
Posts
0
% About UMA
0.029%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
3.9 ★
Highlights
0 unique individuals are talking about UMA and it is ranked #843 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, UMA has an average sentiment score of 3.9 out of 5. Finally, UMA is becoming less newsworthy, with 0 news articles published about UMA.
On Reddit, UMA was mentioned in 0 Reddit posts and there were 0 comments about UMA. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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