UMA is in all of us. Join our mission to bring truth onchain!
1.99K
11
the cutest Ξngineer
market resolution via a cohort of LLM eunuchs would work far better than UMA
dp.hl
Do you have anything to say about this? @Polymarket @UMAprotocol @shayne_coplan @hal2001
1.66K
16
the cutest Ξngineer
resolution via a consortium of LLM eunuchs would work far better than UMA
dp.hl
Do you have anything to say about this? @Polymarket @UMAprotocol @shayne_coplan @hal2001
1.01K
2
run ⬡ the ⬡ juels
How many examples of UMA voters manipulating Polymarket outcomes do we need?
Onchain voting is broken. Always has been.
dp.hl
Do you have anything to say about this? @Polymarket @UMAprotocol @shayne_coplan @hal2001
2.11K
13
dp.hl
This even reinforces the theory that voters will never go against their core users.
uma votes for what whales / bonders and experienced users positioning is.
that is not a credible system at all. Its not resolving to truth.
I've screenshot from whale users who say the same thing.
This is BS.
Betmoar
We have also specifically tagged the commenter profile for every single comment made in @UMAprotocol's #evidence-rationale channel, making it much easier for @UMAprotocol's many voters like @hal2001 better understand the evidence landscape.
The current price of UMA is ₺44.4584. Over the last 24 hours, UMA has decreased by -0.44%. It currently has a circulating supply of 88,111,688 UMA and a maximum supply of 125,268,678 UMA, giving it a fully diluted market cap of ₺3.92B. At present, UMA holds the 178 position in market cap rankings. The UMA/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Universal Market Access (UMA) is an Ethereum-compatible toolbox designed to enable users to create enforceable agreements, including project-specific smart contracts. While UMA excels in facilitating financial agreements, it is also compatible with a wide range of decentralized applications (DApps). UMA is referred to as a "decentralized truth machine" on its official website, emphasizing its role in ensuring transparency and trust within the decentralized ecosystem.
What is UMA?
UMA is a protocol specifically designed for creating programmable digital assets, enabling users to replicate traditional assets in a virtual blockchain-native form. This is achieved through an Optimistic Oracle setup, which handles real-world aspects such as prices by sourcing off-chain data. The integration of these Oracles ensures a trustless and decentralized ecosystem. In addition to its financial applications, UMA offers a wide range of Web3 apps, including prediction markets, insurance bridges, and customizable decentralized autonomous organizations (DAOs), expanding its utility beyond financial markets.
The UMA team
The UMA team, founded in 2017, was envisioned and established by Hart Lambur and Allison Lu, both former Goldman Sachs traders. Lambur also co-founded the Risk Lab Foundation, a blockchain research company that supports the UMA project. The team comprises various experienced individuals, including John Shuttt as a senior engineer, Melissa Quinn as the COO, Clayton Roche as the head of community and development, and other talented professionals. Together, they contribute their expertise and skills to the success and development of the UMA project.
How does UMA work?
The OO system associated with the UMA ecosystem accepts statements and instances projected as truth. These instances come with bonds, transforming them into workable cases. Those who can prove the instances false are rewarded.
If no disputes or challenges arise, the proposed instance (statement) is added to the chain, becoming immutable and a part of the ecosystem. Each instance comprises three aspects: a request for information, proposed information, and a case for dispute.
If a dispute is raised and proven false, the disputer loses their token deposit, while the proposer receives a portion. If proven correct, the proposer loses their deposit, and the disputer gets a part of it.
With UMA, you can easily create financial products through synthetic tokens. These tokens track the value of real-world legacy assets such as gold. Additionally, UMA utilizes a proprietary implementation of its OO setup, the Data Verification Mechanism, to ensure that the synthetic assets always track the correct real-world price.
The process itself requires smart contract support. Finally, you can trade these UMA-based assets across DApps and markets.
Universal Market Access’s native token: UMA
UMA is the ecosystem's native token. UMA tokens are ERC-20 compatible and allow holders to participate in governance-related matters of the protocol. Plus, UMA tokens can also help increase the network's overall security.
UMA tokenomics
Based on ecosystem data, nearly 114 million UMA tokens exist. The maximum supply, accounting for lost tokens, slightly exceeds 100 million. When a proposal becomes active, the participating votes receive 0.05% of UMA's supply, which may contribute to network inflation.
How to stake UMA?
To stake UMA, you should visit UMA's dedicated staking application. Connect your crypto wallet and lock your UMA tokens within a smart contract for a designated period. The staked tokens generate an additional annual percentage rate (APR) as an incentive.
In addition to staking, exercising voting rights within the ecosystem also generates incentives. UMA's direct staking app features a comprehensive dashboard that displays the percentage of staked tokens, claimed and unclaimed rewards, and earnings based on voting participation.
UMA use cases
UMA, the native token of the UMA ecosystem, facilitates DAO governance and ensures network security. These tokens also empower trustless financial innovations, enabling the creation of various synthetic assets. Furthermore, UMA tokens contribute to dispute resolution, similar to the role of a juror. Additionally, these native tokens serve as incentives or rewards for developers who build upon the UMA ecosystem.
UMA token distribution
UMA tokens are allocated as follows:
2 million UMA tokens were released during the ICO sale.
48.5 million tokens are reserved for the founding team.
35 million UMA tokens are designated as developer rewards.
14.5 million tokens are allocated for sales and trading-based activities.
The road ahead for UMA
UMA's oracle-based contracts have undergone thorough audits, ensuring their security and reliability. The ecosystem boasts a transparent governance mechanism, providing decentralized finance (DeFi) exposure through cross-chain bridges. UMA also features a pioneering, Optimistic Oracle setup, making it a forward-looking ecosystem.
UMA's credibility in the DApp and DeFi space is further reinforced by hosting innovative products such as Sherlock, a Risk Management platform, and Polymarket, a market for information. These offerings contribute to UMA's reputation and solidify its position in the industry.
Show more
Show less
Trade popular crypto with low fees and powerful APIs
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 9.9K new posts about UMA, driven by 2.7K contributors, and total online engagement reached 22M social interactions. The sentiment score for UMA currently stands at 54%. Compared to all cryptocurrencies, post volume for UMA currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of UMA.
Powered by LunarCrush
Posts
9,854
Contributors
2,665
Interactions
22,303,836
Sentiment
54%
Volume rank
--
X
Posts
1,772
Interactions
1,296,730
Sentiment
80%
UMA FAQ
What is UMA?
UMA is an Ethereum-based protocol designed to facilitate the creation of synthetic assets and financial contracts. The protocol leverages the Optimistic Oracle network to ensure efficient and reliable data feeds. To secure the network, UMA utilizes native UMA tokens that adhere to the ERC-20 standards.
What are the benefits of UMA?
With UMA, anyone can create pegged synthetic assets and trade them across bridges, markets, and DApps. Additionally, the DAO-based approach makes everything trustless, while the ecosystem supports staking and incentivizes participants, including stakers and developers, with rewards.
Where can I buy UMA?
You can easily buy UMA tokens on the OKX TR spot trading terminal with popular trading pairs like UMA/USDT.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into UMA, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 UMA worth today?
Currently, one UMA is worth ₺44.4584. For answers and insight into UMA's price action, you're in the right place. Explore the latest UMA charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as UMA, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as UMA have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials