uma UMA (UMA)

2.37% (24H)
Market CapVolumeAvailable Supply
$1.60 B$81.42 M60.06 M UMA

UMA current price is $26.70 with a marketcap of $1.60 B. Its price is 2.37% up in last 24 hours.

UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data. The UMA project token powers the system in two ways: Governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. Price requests: the priceless methodology minimizes on-chain price requests but doesn’t eliminate them — when contract interactions are disputed, UMA token holders fulfill price requests via the Data Verification Mechanism, or DVM. UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity.
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10 UMA (UMA)

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UMA explores incentive mechanisms to keep our community and our goals aligned. KPI Options is one of those mechanisms.

This approach can be applied more intentionally to governance processes, which is what Aragon is investigating as they launch their own KPI Options campaign.

Aragon 🦅@AragonProject

Historically, DAOs have been lacking incentivization mechanisms to integrate standard goal-setting frameworks within their governance structures. Learn how KPI options are changing this. @UMAprotocol

1/ Introducing @dvixprotocol, the Decentralized Volatility Index.

The first product under development will track the volatility of ETH and is being built on UMA.

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