What is Uma?
UMA is an open-source blockchain project based on the Ethereum network. Its name Universal Market Access encapsulates the main idea of the project: it is an attempt to transform and decentralize the market of financial instruments. UMA provides its users with a platform for creating their own financial contracts and synthetic assets. Also thanks to the project it is possible to digitize any real values, such as futures, CFD, crypto-assets and other derivatives. UMA is a control token of the Universal Market Access protocol project, which gives its owners the right to vote for changes to the protocol and updates to the system. As DeFi is gaining popularity, UMA could become a valuable asset in the long term due to its technology and utility.