The core idea of Universal Market Access (UMA) is what the name implies: give anyone access to the derivatives market. To do that, they built the UMA protocol running on the Ethereum network. Their vision: put derivatives on the blockchain. To do that, UMA was conceived as an open-source protocol that allows anyone to create their own financial contracts. This means that you can basically create your own financial products: synthetic tokens that track the price of anything, decentralised crypto futures or interest-paying synthetic tokens. You can read more about UMA and its possible use cases on the official UMA website.
UMA market stats
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