What Is Universal Market Access (UMA)?
Mar 13 2021 · 18:05 UTC by José Oramas · 6 min read Photo: Shutterstock
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The guide deals with Universal Market Access (UMA) protocol – an open-source infrastructure that allows DeFi developers to create their synthetic tokens and derivatives in the Ethereum network that can keep track of any asset’s prices.
The decentralized finance (DeFi) boom has resulted in the value of the frozen assets frozen surpassing $9 billion. Many of these projects break the rules of traditional finance and implement technologies that were previously impossible. One of such projects worth attention is Universal Market Access (UMA).