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<p>The UMA protocol allows its users to create collateralized synthetic tokens for tracking the price of nearly anything. These contracts are designed to be self-enforced and self-executed. No exposure to the token itself is needed and everything can be traded as ERC-20 tokens. This solution makes derivatives (financial contracts that derive their performance from another underlying entity; for example, futures) more accessible, as well as open new possibilities to the world of DeFi (Decentralized Finances).</p><p>The main difference between synthetic tokens and real-life derivatives is that the former mainly tokenizes the relationship instead of being directly connected to the asset itself.</p><p>Synthetic tokens require 3 elements to function: a price identifier, (unless it’s a perpetual contract) and a collateralization requirement. UMA smart contract (Token Facility) is used for setting the elements mentioned above. Economic guarantees are ensured through the Data Verification Mechanism or DVM that is designed to be incredibly secure. The UMA token itself is used for governance within the protocol, it grants the token holder the ability to vote on decisions. The DVM can be called to dispute a collateral liquidation claim. These contracts are called 'priceless financial contracts' within the UMA protocol.</p><h3>Where Can You Buy UMA?</h3><p>UMA tokens are available to buy on various platforms. The list includes Binance, OKEx, Huobi Global, Bybit, and HitBTC. They can be traded against stablecoins (USDT), cryptocurrencies like ETH and sometimes against FIAT.</p><h3>Where Can You Store UMA?</h3><p>UMA is an ERC-20 based token operating over the Ethereum blockchain. Any wallet with ERC-20 compatibility can be easily used for storing UMA. Examples include Trezor, Ledger (a very popular hardware wallet solution), Exodus and many others.</p><h3>Mining and Staking of UMA</h3><p>UMA tokens are not minable and their quantity is limited (the total supply is a bit more than 100 million) but this could be set to change since liquidity mining experiments using UMA have been done. As an example, there's a program named ‘Developer Mining’ which rewards users for the integration of certain financial contracts.</p><p>UMA is an inflationary token. It can be staked for governance purposes and for receiving some rewards for minting various tokens.</p>

<p class="ql-align-justify"><span style="color: black;">UMA is a decentralized financial contracts platform built to enable Universal Market Access.</span></p>

UMA is a decentralized financial contracts platform built to enable Universal Market Access.

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Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

%coinname% Analytics: Price Dynamics, Quarterly Returns, and Annual Price Changes in USD

Period	Change	Change (%)	High	Low
24H	-$ 0.001926	-0.52%	$ 0.3735	$ 0.3672
7D	-$ 0.002028	-0.55%	$ 0.3735	$ 0.3579
14D	-$ 0.002026	-0.55%	$ 0.4221	$ 0.3559
30D	-$ 0.03632	-8.99%	$ 0.4221	$ 0.3559
3M	-$ 0.1164	-24%	$ 0.5834	$ 0.3505
6M	-$ 0.334	-47.6%	$ 0.7223	$ 0.3505
YTD	-$ 0.3346	-47.6%	$ 0.8459	$ 0.3505
1Y	-$ 1.23	-77%	$ 1.87	$ 0.3505
3Y	-$ 1.25	-77.3%	$ 6.91	$ 0.3505

UMAUMA

UMA Analytics

UMA Closing Price (USD) - Quarterly

uma Monthly Returns (USD)

UMA - USD Price Change

UMA Annual Price (USD) Change