Beginner
Intermediate
Advanced

UMA is now listed on Cryptology!

December 19, 2023
•

Buy, sell and trade UMA

📈 Spot trading of UMA/USDT is live

What is UMA?

UMA allows anyone to build Decentralized Finance products. Developers can create DeFi products and services that are accessible to anyone in the world. 

The protocol's name, UMA, is derived from the project's main aim of achieving “universal market access.” As well as democratizing financial services for everyone, UMA is also an optimistic oracle (OO) that trustlessly records any verifiable data on the blockchain.

Made for both votes and builders:

Builders - Launch products with UMA’s OO as the backbone.

Voters - Stake, vote and earn.

UMA’s oSnap combines off-chain governance with on-chain execution. Optimistically execute governance transactions on-chain where your community can approve them

As an optimistic oracle that can record any verifiable truth onto a blockchain, UMA has been called “a human-powered truth machine” because it is flexible enough to handle ambiguity and expands the design space possible in Web3. UMA’s OO secures a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.

The UMA token

UMA’s native token facilitates economic guarantees to protocols leveraging the project’s optimistic oracle.

UMA’s community of token holders provide the human component in the form of voters, for the OO's final resolution on disputes or queries. 

UMA tokens are also used to vote on upgrades and the allocation of DAO funds. The most active and accurate voters earn a yield for their participation in the UMA ecosystem. 

‍

UMA market stats:

  • Current market cap: $162,214,177
  • Circulating supply: 74,792,630 UMA
  • Max supply: N/A
  • Twitter: 67,500 followers 


Trade UMA



Connect with us

Twitter

Facebook

Telegram

YouTube

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.