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 open-source infrastructure for deploying and enforcing synthetic assets on Ethereum. UMA enables developers to quickly and easily build synthetic tokens that track the price of anything! View here to learn more about synthetic tokens!
UMA enables developers to create synthetic assets via two core components:
Together, these two components enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain.
If you would like to learn more about the concepts behind UMA's priceless financial contracts and oracle service, start by reading this overview of the UMA ecosystem.
If you are a developer interested in building on UMA Protocol, view this explainer to understand how UMA's priceless synthetic tokens work. Also review the development guide to learn how to launch your own synthetic tokens on UMA.
You can find additional reference materials, including a list of UMA's testnet and mainnet contracts here.
Read here to learn more about UMA token.