UMA enables anyone to build decentralized financial products.
A fast, flexible, and secure way to create decentralized financial products.
UMA stands for Universal Market Access. UMA is driven by a shared belief that financial markets should be free, open, and fair. The economic freedom created by a free and open market enables everyone equal opportunity to pursue prosperity and build financial independence.
UMA's goal is to enable anyone to attain or transfer any form of risk seamlessly and securely through UMA protocol to empower everyone to participate in a universally accessible financial system.
UMA is an infrastructure that lets users deploy and trade synthetic assets on Ethereum with minimal use of an on-chain price feed. UMA positioned itself as the “priceless” derivatives platform and relied on a system of economic incentives.
UMA allows anyone to create collateral-backed synthetic assets on-chain including S&P 500, Gold, Tesla stock, etc.