02/27/2025
BTC84,681.0
ETH2,316.16
USDT0.999971
XRP2.21
BNB603.45
SOL139.02
USDC0.999898
DOGE0.207734
BUSD0.99979

UMA (UMA) Price

UMA
4,5
$1.62
Market cap
138,468,041.0
Total volume
29,853,243
Circulating supply
85,207,601
Total supply
123,406,736
UMA stands as a pioneering decentralized platform designed for crafting financial instruments, offering global market participation.

The core innovation of UMA lies in its creation of “priceless” financial instruments: DeFi agreements engineered to significantly reduce reliance on oracles, addressing many of the vulnerabilities and scalability challenges that decentralized finance has faced. UMA's inaugural offerings are priceless synthetic assets: ERC20 tokens engineered to mirror any value, all while drastically cutting down the necessity for on-chain price information.

The UMA governance token functions in a dual capacity within the ecosystem:

Governance: Holders of UMA tokens play a pivotal role in determining the variety of contracts that can be introduced into the system, the types of assets that are permissible, and crucial decisions regarding system modifications and parameter settings.

Price inquiries: Although the “priceless” approach reduces the frequency of on-chain price queries, it does not completely remove the need for them. In scenarios where contract actions face challenges or disputes, UMA token bearers step in to resolve these through the Data Verification Mechanism, also known as DVM.

Ownership of UMA tokens grants individuals a voice in the governance of the community and equips them with the authority to arbitrate in contract disputes utilizing the DVM. These tokens are not intended to serve as investment entities.

Homepage: https://uma.xyz/
Twitter: UMAprotocol

How useful is this article for you?
Thank you for your review!

Converters UMA

Explore more

Bitcoin Cash (BCH)
$297.75
-0.55%
Buy
Dai (DAI)
$0.999259
-0.02%
Buy
Ethereum (ETH)
$2,316.16
-1.67%
Buy
LEO Token (LEO)
$9.15
0.18%
Buy
Polkadot (DOT)
$5.01
-1.67%
Buy
Ripple (XRP)
$2.21
0.43%
Buy
Tether (USDT)
$0.999971
0.01%
Buy
Toncoin (TON)
$3.57
-0.25%
Buy
USD Coin (USDC)
$0.999898
-
Buy
Wrapped Bitcoin (WBTC)
$96,935.0
-0.14%
Buy

News


HowTo

How to Buy Bitcoin with PayPal?