|All Time High:|
|Market Cap: |
|The price of #UMA today is $1.70 USD.|
The lowest UMA price for this period was $0, the highest was $1.70, and the current live price for one UMA coin is $1.69590.
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 BTC or other crypto coins.
|The code for UMA is also #UMA. |
UMA is 2.5 years old.
|The current market capitalization for UMA is $176,507,015.|
UMA is ranked #142 out of all coins, by market cap (and other factors).
|The trading volume is big today for #UMA.|
Today's 24-hour trading volume across all exchanges for UMA is $2,557,859.
|The circulating supply of UMA is 104,078,669 coins, which is 95% of the total coin supply.|
|UMA is well integrated with many pairings with other cryptocurrencies and is listed on at least 30 crypto exchanges.|
View #UMA trading pairs and crypto exchanges that currently support #UMA purchase.
CeFi failings provide a helpful advert for DeFi
In recent days and weeks, several people who are familiar with my career have reached out with the same question: “Is this FTX thing causing you trouble?” A few of those people barely even know what crypto is. That’s a sign the collapse of FTX at the hands of Sam Bankman-Fried, and the potential contagion effect across the broader crypto ecosystem, has earned an audience beyond the frontiers of our industry and community. It also shows that the latest crypto winter, 2022 edition, continues to rattle on — and perhaps even worsen. There’s something more important than prices at stake. Our primary concern should be that the downfall of centralized financial (CeFi) institutions like FTX, and Celsius before that, doesn’t cause lasting damage to the broader crypto economy, potentially dragging down progressive, meaningful decentralized finance (DeFi) with it. Our battle for projects in the DeFi space is to ensure the baby (DeFi) doesn’t get thrown out with the bathwater (CeFi) when it comes to reputation, trust, investment and potential (over) regulation by authorities who are understandably spooked by market volatility, fraud and loss. The events that have thus far resulted in bankruptcy at FTX and caused painful ripple effects across the crypto ecosystem. The U.S. Justice Department and SEC are looking into allegations that FTX illegally sunk billions of dollars of customer funds into Alameda Research, a trad...
Video workshop | How to use UMA’s optimistic oracle to verify any truth trustlessly
UMA is an optimistic oracle (OO) that can verify any statement proposed on the blockchain. It tells smart contracts “things about the world” so contracts and markets asking for that data can be settled. [See video workshop below]The OO functions as a decentralized truth machine that includes human reasoning backed by economic incentives. It is flexible enough to handle ambiguity and expands what can be built in Web3. UMA’s optimistic oracle secures a diverse ecosystem of Web3 applications, including cross-chain bridges, including our sister project Across, which is an optimistic, decentralized cross-chain asset bridge for Web3. The OO also empowers and secures insurance protocols, prediction markets, and customizable DAO tooling products. UMA’s OO is like a lego block that other projects and protocols can be built on top of. — But how do you get started with building on the OO or Across?. — Here is an introductory video workshop led by UMA smart contract engineer John Shutt. This was recorded at ETHSanFrancisco in November. medium.com — Additional Resources. — UMA Docs Hacking on UMA Twitter Discord Video workshop | How to use UMA’s optimistic oracle to verify any truth trustlessly was originally published in UMA Project on Medium, where people are continuing the conversation by highlighting and responding to this story.
Discussion series probes the potential of UMA’s optimistic oracle
UMA’s optimistic oracle (OO) is a decentralized truth machine for Web3. But what is its potential? tl;dr: UMA has initiated a series of discussions on Twitter exploring questions that may be put to the optimistic oracle. This “open mic” series aims to enhance the community’s understanding of what factors others consider when determining their votes on a disputed proposal, and exploring some of the more novel use cases that an optimistic oracle can facilitate. This article reviews the main takeaways and highlights of the first four sessions in the series. Here is the series schedule. All are welcome to join. — UMA is an optimistic oracle built for Web3. — Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Unlike traditional price feed oracles, optimistic oracles like UMA can report on natural language requests, as well as directly ensure the validity of coded data feeds. Price feed oracles are limited in their applicability and rely on third party validators.“In an era where anyone can disseminate anything as truth, the need for oracles becomes increasingly important as reliable arbiters of that truth.” Balaji Srinivasan — This ability and flexibility of an OO expands what is possible to build in the Web3 ecosystem. — These are uncharted waters. Philosophers have interrogated the nature o...
UMA grants program for developer support now open
tl;dr: Risk Labs, the foundation and core team behind UMA, is awarding a series of grants to developers who build tooling, support and educational products and services to better support those who wish to build on the UMA protocol. The total grant pool is an estimated $100K and the program runs until Dec. 31, 2022. — Grants program aims to develop “middle ware” for builders. — The success of UMA and our optimistic oracle (OO) will depend largely on effective integrations and creative build cases with partners and collaborators from around the Web3 ecosystem. A key part of that success will be sparked by the creation of effective “middle ware” for the OO. Think of this middle ware as educational content, tools or support services to developers — or even in-person support for builders at hackathons who are building something using the OO.It’s about coming up with solutions to make our OO and associated contracts as easy as possible for developers to use. To support this effort, Risk Labs is offering individual grants to a maximum value of $10k paid in $UMA to provide tooling, support and educational products and services to better support those who wish to build on the UMA protocol. The total grant pool is estimated at US$100k equivalent. Applications for these grants are now open and will remain open until Dec. 31, 2022 or until grant funds are exhausted. Grants will be awarded on a rolling basis...
Earn prizes and build the next big project with UMA’s OO at ETHSF
Tl;dr: Core members of UMA will be in the Bay Area as part of the ETHSanFrancisco conference and hackathon. This article includes details on the $10K in prizes available to hackers who create top projects with UMA at the event; resources to get started with UMA’s optimistic oracle (OO); a few specific ideas that could be built during the hackathon; and a video workshop by UMA smart contract engineer John Shutt focused on building with the OO. — The team at UMA and Across have ETHSF circled on our calendars. — The ETHSanFrancisco conference and hackathon on Nov 4–6 is shaping up to be one of the biggest and most important hackathons of the year with more than US$300,000 to be awarded as prizes to hackers, including $10,000 in prizes for those who build the best use cases with UMA’s optimistic oracle (OO). — Come build with UMA at the hackathon. — The event is expected to attract more than a thousand hackers who will compete for prizes, connect with teams and network with the bright minds of the Web3 ecosystem. Come to build and develop your own bright idea, or pick up on one of our many seed concepts using UMA’s OO and/or Outcome.Finance’s DAO governance and fundraising tools like KPI options and success tokens. Core members of UMA will be available to support and guide hackers through the competition. — The prizes from UMA will break down like this:. — First prize of $5,000 Se...
The Story of Money explores UMA’s origins and future
Join Samantha Yap as she kicks off the second season of Yap Cast’s The Story of Money with two episodes featuring UMA co-founder Hart Lambur. In the first episode, which you can find here, they explore and discuss why blockchains, smart contracts and economic incentives have the potential to revolutionize legal contracting as we know it. In the second episode, which you can find here, they cover financial contracts, the role UMA’s optimistic oracle will play in Web3, and Decentralized Finance vs Centralized Finance. The Story of Money explores UMA’s origins and future was originally published in UMA Project on Medium, where people are continuing the conversation by highlighting and responding to this story.
A Day in the Life at UMA | John Shutt, smart contract engineer
Throughout my career, a couple of themes emerged that I think eventually combined and delivered me to UMA and to Web3. I’ve always been interested in digital security and seeking and supporting truth. — Blending security, blockchains and journalism. — I’ve been interested in blockchains since 2011, which is like a lifetime in crypto years. In my senior year of college, I got my first Web2 programming job and started dabbling in Bitcoin. After graduation, I moved to San Francisco to get involved in the hacker scene, and found full-stack web development work. On the side I was also working on encrypted messaging systems for an alternative news weekly, the San Francisco Bay Guardian to anonymously and securely communicate with leakers and whistleblowers. This meant running a physical server for a Tor Onion Service along with air gapped devices for encrypting and decrypting messages. I was also getting deeply involved in anarchist hacker spaces, where I met a lot of early cryptocurrency developers. Back then, it was primarily Bitcoin, Litecoin, Dogecoin, and early attempts at extending the Bitcoin ecosystem with rudimentary scripting. Ethereum didn’t exist yet and “Web3” was not a thing. — Bringing it all together at UMA. — It’s this collection of experiences that led me to UMA as a smart contract engineer in late 2020. At UMA, I work mostly on experiments and integrations with other projects...
Create with UMA’s optimistic oracle at ETHBogota
Tl;dr: Core members of UMA will be in Bogota Oct 7–9 as part of the ETHBogota conference and hackathon. This article includes details on the $8k in prizes available to hackers who create top projects with UMA at the event; resources to get started with UMA’s optimistic oracle (OO); a few specific ideas that could be built at ETHBogota; and a video introductory workshop by UMAn John Shutt focused on building with the OO. — Core members of UMA and our sister projects Across and Outcome are coming to the southern hemisphere. — The ETHBogata conference and hackathon takes place Oct 7–9 in Bogota, Colombia, with more than US$300,000 to be awarded as prizes to hackers, including $8,000 in prizes for those who build the best use case with UMA’s optimistic oracle. The event is part of a cluster of crypto/web3 events taking place in Bogota in October that also includes: DeFi Bogota | Oct. 10 Devcon | Oct 11–14 Members of UMA will be attending each of the events. — Come build with UMA at ETHBogota. — The event is expected to attract plenty of hackers who will compete for prizes, connect with teams and network with the bright minds of the web3 ecosystem.This event represents an opportunity to build and develop your own bright idea, or to riff one of our seed concepts using UMA’s optimistic oracle and/or Outcome.Finance’s DAO governance and fundraising tools like KPI options and success tokens. C...
Day in the Life at UMA | Chandler De Kock, growth specialist
When I think about my job, my career, my values and the things I care about, there’s a thread that can be pulled through most of that stuff. Freedom of choice. That might be the central thesis and motivator along the path that led me to crypto and to UMA, where I work as a growth specialist focused on business development. — Driving bizdev in web3. — Today, I’m focused on growing our ecosystem; from developers, to the community, to our products. It’s a generalized role that connects me with many different places, people and projects. I get to meet some awesome people every day and learn about their bright ideas and motivations. I get to solve some problems and challenges in our organization and in others.It’s like having a front row seat to mad science, and then finding ways to fit the outcomes of that experimentation into UMA’s projects like the optimistic oracle and other products and tools we’ve created that are pushing DeFi functionality forward and earning mindshare. — Choice matters. — But part of where I am now is likely due to where I came from. I grew up in a family of central bankers in South Africa. That gave me a decent understanding about how sovereign financial institutions function. The rebellious side of me also measured the effects — good and bad — that centralized financial authority has had on countries and the world. I asked questions like: who has access t...
Connect with UMA and earn prizes at ETHOnline hackathon
tl;dr: ETHOnline is a month-long hackathon in September with a total prize purse of nearly a quarter million dollars, including $8,000 in prizes for those who build the best projects on UMA. To prepare, check out our Hacking on UMA page and our Ideas Bank, which includes some great concepts including: building a decentralized bonded news service; an optimistic market maker and an optimistic paymaster. — UMA’s community of developers is growing and strengthening and we want you to be part of that. — One of the best opportunities to connect with UMA is via the upcoming ETHOnline hackathon, which takes place Sept. 2–28. The month-long virtual event will feature relevant, insightful summits and ETHOnline’s largest group of hackers ever.The event is expected to attract more than a thousand hackers who will battle it out for more than a quarter million dollars in total prizes. It’s the ideal venue to meet new people, connect with mentors and find your next web3 job to push the ecosystem forward. Don’t miss this chance to build and develop your own bright idea, or one of ours using UMA’s optimistic oracle and/or Outcome.Finance’s DAO governance and fundraising tools like KPI options and success tokens. Core members of UMA will be available to support and guide hackers through the competition that will include USD$8,000 in prizes from UMA for the best use cases with UMA’s optimistic oracle. The winners c...
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...