Uma

The Ethereum blockchain-based Universal Market Access (UMA) protocol enables the creation, issuance, and settlement of derivatives for any underlying asset. Derivatives are a crucial component of financial markets, but they may also are difficult to use, opaque, hazardous, and prone to destabilize global markets. With its synthetic tokens, UMA serves as a key actor in the march towards more open, equitable, and sustainable financial markets by enabling users to create, collateralize, and trade tokenized derivatives. UMA coin serves as the project's native token for Universal Market Access (UMA). The UMA system uses UMA as a governance token. Additionally, it is employed to satisfy price requests made via the UMA protocol.