UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.
| Market share | 0.16% |
| Proof type | — |
| Open | $6.84 |
| Low | $6.51 |
| High | $8.30 |
| Price in BTC | 0.00058555241406 BTC |
| Current Supply | 100,669,664 UMA |
| Market cap | $692,603,200 |
| 24h Volume (coin) | 34,657 UMA |
| 24h Volume (currency) | $238,436 |
| Last updated | 2020-08-14 17:04:34 +01:00 BST |
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