UMA UMA Logo | 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.

RESOURCES-What is Blockchain–why should you care | The Giving Block 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
Learn Crypto | The Giving Block Learn About Cryptocurrency New to cryptocurrency? Get immersed in all things crypto and crypto philanthropy. Learn about accepting crypto donations and crypto taxes. Read more
Crypto Glossary | The Giving Block Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more