Source: UMAUSD Chart by TradingView
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
The UMA token is primarily used for protocol governance and grants the token holder the right to vote on governance decisions such as upgrades to the Data Verification Mechanism (DVM), creating new synthetic assets and settling disputes on liquidated collateral.
Move over DOGE: Uma launches DeFi insurance contracts for SpaceX flights
The new decentralized derivative aims to allow anyone to act as an insurer for SpaceX's Smallsat Rideshare program.
RenBTC and UMA are bringing yield farming to Bitcoin holders
Bitcoin fanatics may not need to wait much longer for them to farm sky-high yields on the digital asset if an upcoming product launch goes as planned.
Here are four factors that have pushed DeFi coin UMA up 100% in a week’s time
Decentralized finance’s UMA has surged 100 percent in a week as per CryptoSlate data.
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