UMA

UMA (Universal Market Access) is a decentralized derivatives (financial contracts) protocol on Ethereum that enables the creation of synthetic assets on the Blockchain.

Universal Market Access (UMA) is an Ethereum-based protocol that functions as a decentralized protocol developing financial markets that can be accessed worldwide. Its open-source infrastructure comprises DVM (Data Verification mechanism) and priceless financial contract designs. Uma is vital in fetching market data via smart contracts for DeFi (decentralized finance) protocols.