Trading and funding support is enabled, and withdrawals will be coming soon.
UMA, aka Universal Market Access, is a protocol that supports the development of decentralized financial (DeFi) products and assets on the Ethereum blockchain. UMA’s mission is to make the derivatives market more accessible around the globe, free of traditional entry barriers that have historically hindered equal participation. To support this mission, UMA allows users to create their own financial contracts and synthetic assets of collateral-backed tokens designed to facilitate the democratization and decentralization of financial markets. The UMA token is used as a governance token for participants to vote on decisions for the project
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