UMA (UMA) - The Giving Block

What is UMA (UMA)?

Discover the key facts about UMA (UMA).

About UMA

Universal Market Access (UMA) is a protocol for the development, issuance, and settlement of derivatives for any underlying asset built on the Ethereum blockchain. A user can generate and create smart-contract governed meta-tokens based off of a derivative, and then take a position long or short of that asset without needing to hold the underlying asset.

The native token for the Universal Market Access project is UMA token (UMA). UMA is used as a governance token for the UMA system. It is also used to fulfill price requests made on the UMA protocol.

What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more

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What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more

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