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    UMA (UMA) Review

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    Launched: 2018
    Site: umaproject.org
    Expert Review
    Oct 21, 2020

    UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum  blockchain. UMA was launched in December 2018.

    Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain.

    In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies.

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    Launched: 2018
    Site: umaproject.org
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