|All Time High:|
|Market Cap: |
|The price of #UMA today is $2.11 USD.|
The lowest UMA price for this period was $0, the highest was $2.11, and the exact current price of one UMA crypto coin is $2.10581.
The all-time high UMA coin price was $44.06.
Use our custom price calculator to see the hypothetical price of UMA with market cap of ETH or other crypto coins.
|The code for UMA is also #UMA. |
UMA is 2.8 years old.
|The current market capitalization for UMA is $238,206,368.|
UMA is ranked #145 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #UMA.|
Today's 24-hour trading volume across all exchanges for UMA is $13,710,016.
|The circulating supply of UMA is 113,118,429 coins, which is 100% of the total coin supply.|
|UMA is well integrated with many pairings with other cryptocurrencies and is listed on at least 43 crypto exchanges.|
View #UMA trading pairs and crypto exchanges that currently support #UMA purchase.
How much yield can you earn from staking UMA?
Tldr; UMA staking went live earlier this month as part of UMA 2.0. Protocol emissions are based on voter participation, which currently equates to roughly 28.4% APR. UMA also offers extra rewards to active voters for securing the oracle. This means there’s an economic incentive to staking UMA. — Key takeaways:. — UMA staking is live. The emissions rate is currently around 28.4% APR based on voter participation., The protocol redistributes rewards from inactive stakers to stakers who turn up to vote and vote correctly., While there are many variables that can impact staking returns, there’s an economic incentive to staking $UMA over passively holding tokens., UMA started a significant new chapter earlier this month with the launch of the Data Verification Mechanism (DVM) 2.0 upgrade. Among the suite of updates UMA 2.0 introduces, the protocol now distributes token rewards to $UMA stakers. Where UMA voting rewards were previously based on a snapshot of token balances, now tokenholders stake $UMA to earn rewards and participate in votes. UMA staking builds on early Proof-of-Stake designs and game theoretical principles to incentivize tokenholders to secure the oracle. $UMA stakers continuously accrue rewards, and they’re also rewarded when they align with voters to solve oracle disputes; when they vote successfully, they receive a portion of the stake from those who miss a vote or vote incorrectly (voters ...
Calling ETHGlobal 2022 Hackers!
Join UMA’s Delegated Voting Pilot Program Did you submit a hack for an EthGlobal event in 2022? If so you are eligible to apply for UMA’s Delegated Voting Pilot Program. UMA, the optimistic oracle built for Web3, has launched a Delegated Voting Pilot Program aimed at encouraging developers to participate in securing the oracle through voting in UMA’s DVM. This program is designed to strengthen the oracle by further decentralizing our voting base and encouraging developers to participate in our ecosystem, facilitating a deeper understanding of the oracle and its capabilities while thinking in nuanced ways about votes and solidify UMA’s ongoing relationship with ETH Global. About the Program Successful applicants to the program will be set up with a hot wallet containing 5,000 UMA tokens delegated for voting purposes. By participating in UMA votes, delegates will earn approximately 28% APR on these tokens, which they will be able to retain at the end of the program, while the initial stake will return to Risk Labs. This program is open to anyone who submitted a hack in any ETHGlobal event in 2022. UMA protocol is committed to supporting developers who build on UMA’s optimistic oracle, which offers an optimistic approach to moving data on-chain as well as a fully decentralized method of verifying proposed and asserted data. By offering the opportunity to vote in disputes to selected developers, we aim to deepen de...
UMA 2.0 and the evolution of token staking
Tl;dr — UMA recently launched token staking as part of its UMA 2.0 roadmap. UMA staking focuses on rewarding active network participants when they turn up to vote on disputes. While many DeFi protocols offer passive staking rewards today, UMA staking shares more similarities with Ethereum’s Proof-of-Stake model. UMA’s new model incentivizes voter participation and increases security. — Key takeaways:. — Since the advent of Proof-of-Stake, token staking has played an important role in the crypto ecosystem., While Proof-of-Stake requires active participation from validators, some more recent models offer tokens to stakers as a form of passive income., UMA builds on early Proof-of-Stake designs and game theory to incentivize voter participation. In turn, this makes for a more secure Data Verification Mechanism., Token staking gained popularity with the advent of Proof-of-Stake consensus, but in recent years it’s become more prevalent across many different areas of the ecosystem. The concept of staking has evolved as crypto has, with many DeFi projects using models that differ from early Proof-of-Stake designs. UMA recently rolled out a new staking model unlike any existing one today. In this feature, we discuss how staking has changed, and the role UMA will play in pushing the space forward. — Proof-of-Work vs Proof-of-Stake. — Crypto started out with Bitcoin, the world’s first blockchain...
UMA token staking is live — Here is how you participate
UMA token staking is live — Here is how you participate - Tl;dr–UMA’s DVM (Data Verification Mechanism) 2.0 upgrade vote has passed governance. A package up upgrades have taken effect, and notably UMA token-staking is now live. If you’re ready to stake, go to vote.uma.xyz and get started. You will stake your tokens in order to earn protocol emissions and to help secure the UMA oracle by participating in votes. — What is UMA? - UMA is the first optimistic oracle connecting smart contracts to any data, anywhere. UMA is the market leader in optimistic oracles, specifically with its emphasis on validating data and serving it on-chain to resolve markets. Unlike price-feed oracles such as Chainlink that require a permissioned and pre-validated data feed to operate, UMA’s optimistic oracle can validate any data. This upgrade to the DVM 2.0 is a historic event in UMA’s history, and will make the oracle more robust and user-friendly. — Introduction to UMA Staking - Until now, UMA voting has been based on a snapshot of token balances held in your wallet. Today that changes to a staking model, where tokens are staked in order to earn or vote. Staked tokens will earn a portion of protocol emissions, but also have some exposure: incorrect or idle voters will have small penalties, and there is a 7-day cooldown for withdrawals. More skin-in-the-game ensures deeper protocol-tokenholder alignment. This update fo...
Hack with UMA and earn prizes at Scaling Ethereum
tl;dr: Hack on UMA during Scaling Ethereum, a virtual hackathon that takes place March 10–29. The ETHGlobal event is focused on building critical Ethereum infrastructure with $125,000 in total hacker prizes available, including $10,000 from UMA. Don’t forget to apply to hack, and join us for an introductory workshop on Wed. March 8 focused on building with UMA’s optimistic oracle. — UMA focused on building and innovating in 2023. — The team at UMA and our sister project Across Protocol have been busy in 2023. So far this year, UMA has co-launched oSnap, a tool for executing on-chain transactions based on off-chain voting decisions. It’s a product co-developed with Snapshot that empowers communities and strengthens DAO decentralization. Meanwhile, we’re in the process of launching UMA 2.0, a package of sweeping upgrades to the UMA ecosystem. UMA 2.0 introduces staking and transforms UMA’s optimistic oracle so that it is more robust, has a stronger voter base, and a more flexible security model that allows for securing more value. UMA 2.0 will help to support the next generation of real-world applications. — 2023 hackathon series provides a boost to the ecosystem. — We’re excited about the 2023 hackathon series, and have found the hacker and event ecosystem to be a valuable incubator for bright ideas, iterations and project dev that uses UMA’s optimistic oracle. Regardless of market con...
UMA Tokenomics & Token Staking Update 2023
tl;dr — UMA is launching token staking. UMA tokenholders will receive streamed rewards when they stake and vote on disputes. This change is part of UMIP 173, which includes other optimizations to voting and security. — Key takeaways:. — $UMA tokenholders will soon be able to stake their tokens to earn streamed rewards., This change makes voting more attractive and increases the security of the network., This change comes as part of a package of upgrades explored below, — Strategic context. — This update to UMA’s tokenomics comes as part of a larger UMA 2.0 upgrade. In addition to token staking, UMA 2.0 will drastically simplify the way that data consumers interact with UMA’s oracle as well as introduce a new mechanism for being able to secure exponentially more value. UMA is the first optimistic oracle connecting smart contracts to any data, anywhere. UMA’s is the market leader in optimistic oracles, specifically with its emphasis on validating data and serving it on-chain to resolve markets. Unlike price-feed oracles such as Chainlink that require a permissioned and pre-validated data feed to operate, optimistic oracles like UMA can validate any data, anywhere. — How UMA staking will work. — Once UMA staking launches, tokenholders will be able to stake $UMA through a new Voter dApp dashboard to be eligible for rewards. When emissions begin, $UMA will continuously be allo...
Web3 envisioned a decentralized world. oSnap will make it a reality
Web3 Envisioned a Decentralized World — oSnap can make it a Reality - Tl;dr — Though many DAOs and crypto projects show great promise today, relying on centralized teams often leads to problems. oSnap can help projects operate smoothly by removing trust in individuals and empowering communities to execute on-chain decisions. In turn, oSnap helps Web3 maintain its decentralized ethos. Adding oSnap to an existing Snapshot and Safe is fast and free. It has been audited by Open Zeppelin. See the quick-start guide or reach out to firstname.lastname@example.org. — Key takeaways:. — oSnap, an UMA-powered solution developed with Snapshot and Safe, is a solution for DAOs to execute on-chain governance decisions., oSnap can prevent common DAO-related issues like treasury mismanagement and delays as it optimizes for transparency and efficiency., NFT projects could integrate oSnap to give their community members a say in how they are run., oSnap makes Web3 more decentralized by removing the need to trust central parties., UMA recently announced oSnap, a solution developed in collaboration with Snapshot and Safe to help DAOs execute on-chain governance decisions. oSnap is a powerful tool that makes DAOs more efficient and trustless. Many new DAOs and other crypto-related projects have emerged in recent years, showing early hints of the potential of decentralized coordination. But as the ecosystem has grown, it’s also b...
Announcing “oSnap:” Gasless Snapshot voting with on-chain execution by UMA
Tl;dr — Snapshot is a beloved governance tool that lets DAOs come to token-based consensus, but it does not have any native way to push results on-chain. oSnap is a joint effort between UMA and Snapshot to add this execution functionality, specifically for (formerly Gnosis) Safe multi-sig wallets. The result is that DAO tokenholders are able to propose and execute on proposals from start-to-finish, without any specific person’s signature required. Ready to go? Adding oSnap to an existing Snapshot and Safe multi-sig is fast and free. It has been audited by Open Zeppelin. See the quick-start guide or reach out to email@example.com. Key takeaways: UMA announces oSnap: a Snapshot, Safe (formerly Gnosis Safe), and UMA solution for executing on-chain governance decisions., After a vote completes, anyone can submit the transactions to implement the proposal. If there is no dispute about the proposal’s accuracy during the dispute window, the transactions will go through., Optimistic governance offers tokenholders the power to go from proposal all the way to execution without any reliance on team multi-sigs to execute code., In the future, multi-sigs can be removed entirely., — Optimistic Snapshot Execution - oSnap is a tool for making on-chain transactions based on off-chain voting decisions. It uses Snapshot and Safe to execute the outcomes of DAO governance votes in a decentralized manner that requires n...
Some reasons for optimism and cause for caution in DeFi this year
By Chase Coleman The last year was a great refresher course for the crypto and DeFi space on a simple economic principle: There’s no such thing as a free lunch. Maybe a better way to put it is there’s no such thing as free money. Examples were plenty, and those lessons could keep coming, but to sum up what has happened in 2022, we can borrow from Ryan Selkis’ Messari Crypto Theses 2023 — Selkis describes the past year as a “shitshow” born mostly out of turmoil at centralized crypto companies.“FTX self-immolated spectacularly,” he writes. (You can find the full report here). “Coinbase, the largest public crypto company, saw its stock decline 80% as crypto trading volumes evaporated and U.S. regulators remained hostile towards token markets. Western crypto infrastructure giants laid off hundreds of employees. And the crypto lenders born in 2018–2020 are pretty much all dead, or mostly dead.” The list of unicorn lenders and prop desks that went bankrupt or ate nine-figure losses included: “Alameda, Babel Finance, Blockchain.com, BlockFi, Celsius, FTX, Genesis Capital, Jump Capital, Three Arrows Capital, and Voyager. I’m sure there are others; I just got tired of looking them up,” Selkis writes. Selkis frames the situation as a “classic credit boom and bust, with a crypto twist,” in which we over-relied on unsustainable DeFi yields and synthetic trades, poor risk management and bad bets. &...
Crypto promised us prediction markets. Is it delivering?
Throughout 2023, Risk Labs plans to increase its editorial output to include regular product updates, in-depth think pieces, and topical features covering the broader crypto industry. The aim is to support the growth of the space and the role UMA plays within it. The first think piece covers a topic that’s long been of interest to UMA: prediction markets. In it, Risk Labs editorial contributor Chris Williams explores Polymarket and other on-chain prediction markets to determine the state of the landscape today, and how UMA could support it in the future. — Key takeaways:. — Decentralized prediction markets have the potential to solve the problems associated with traditional venues, but the space is still small., On-chain prediction markets form a core part of the crypto ecosystem., Market illiquidity remains the biggest issue for decentralized prediction markets, but Layer 2 developments should bring improvements., UMA’s Optimistic Oracle is a powerful tool for prediction markets as it can verify natural language requests, as evidenced by Polymarket’s success., If the market size grows in the future, optimistic oracles like UMA are the right type to support it., Prediction markets have long held a place at the heart of the crypto ecosystem. Since Augur blazed the trail with Ethereum’s first initial coin offering in August 2015, on-chain trading on event outcomes has grown in popularity across multiple...
More UMA (#UMA) News
|Coinshift Integrates Superfluid to Automate Crypto-Native Payroll with O...
[PRESS RELEASE - Sheridan, United States, 20th September 2022]
Coinshift’s native integration of Superfluid Protocol allows DAOs and web3 businesses to automate payroll with money streams, saving HR managers time and cognitive effort
Coinshift, the leading treasury management and infrastructure platform that enables DAOs and web3 businesses to manage treasury operations securely and efficiently, is pleased to announce its native integration of Superfluid Protocol (“Superfluid”) within its V2 Dashboard is now live. Coinshift’s native integration of Superfluid allows users to create, view, manage & edit real-time money streams directly from the Coinshift dashboard, enabling them to put web3 payroll on autopilot. As programmable and automatable second-by-second token flows, salary streams help treasury managers save hours in administrative labor and reduce complexity.
“We are thrilled to partner with Superfluid – a pioneer in real-time finance and the leading asset streaming protocol for EVM networks – to bring the utility of money streaming to DAOs and crypto-native businesses. Superfluid is a key part of our product roadmap going forward as we build out the foremost treasury management solution for crypto-native organizations, and we look forward to further incorporating Superfluid streaming throughout Coinshift’s treasury management workflows.” - Tarun Gupta, CEO of Coinshift
In addition to being able to start multiple str...
|Coinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities &m...
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB).Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers
A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong.
Lead plaintiffs and Coinbase users Christopher Underwood, Louis Oberlander, and Henry Rodriguez allege that from Oct. 8, 2019, to the present, Coinbase let customers buy and sell 79 different cryptocurrencies without disclosing that they are in fact securities. The plaintiffs added that these crypto securities are not registered with the U.S. Securities and Exchange Commission (SEC) or any state regulators, and Coinbase is not registered as a securities exchange or a broker-dealer.
The plaintiffs claim that 'Coinbase's sale of these tokens violates both federal and state law.' The class covers all persons or entities who transacted any of the 79 crypto tokens on Coinbase or the Coinbase Pro platform during the class period.
Without registering these crypto assets with the SEC and state regulators, the plaintiffs said:
Purchasers do not have access to the disclosures that accompany the issuances of traditional securities. Rather, investors receive - at most - only the so-called whitepapers, which describe the token, but do not satisfy the requi...
|Grayscale Considering 25 More Crypto Assets for Investment Products
Grayscale, the world's largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company's list of coins under consideration has grown to 43. 'The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,' said Grayscale.
25 Crypto Assets Added to List of Coins Under Consideration for Grayscale's Investment Products
Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 billion in net assets under management.
The company explained that the 'Assets Under Consideration' list comprises 'some digital assets that are not currently included in a Grayscale investment product, but that have come to our attention as part of our exploration of this sector, and that our team has identified as possible candidates for inclusion in a future investment product.' Grayscale detailed:
With our most recent update in January 2022, we've added one additional asset to our product family column, and 25 assets to our assets under consideration column.
Amp (AMP) is the only digital asset added to Grayscale's product family.
The 25 additional assets under consideration are Algorand (ALGO), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), Bittorrent (BTT), Bora (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala (GALA), Gelato (GEL), Helium (HNT...