UMA Token
by Risk Labs
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What problem does this service solve?
UMA defines an open-source protocol to create and verify trustless financial contracts, making it easier to create financial DApps.
Company Details
- Risk Labs
- https://umaproject.org
- Founded 2020
- Decentralized Financial Contracts Platform
Token Stats
About UMA Token
The UMA token is used to enable holders to participate in community governance issues and to help resolve contract disputes on the UMA platform. UMA is designed to be a decentralized financial contracts platform, and is an abbreviation of Universal Market Access. Their goal is to build the financial infrastructure that will make creating decentralized financial services easier. UMA provides a variety of smart contract templates as well as a decentralized oracle that can be used to validate payouts related to financial contracts.
