UMA protocol

The UMA protocol (Universal Market Access) is an Ethereum-based decentralized network that allows users to trade and create synthetic assets on the Ethereum blockchain. It aims to provide a framework for building and managing decentralized financial products, enabling users to access various markets and assets without intermediaries.

Company Details

• Founders: Allison Lu, Hart Lambur
• Founded: 2018
• Headquarters: New York, United States

Key Features:

• Enables synthetic asset creation that tracks the value of real-world assets and this allows for a wide range of trading opportunities.
• Utilizes a decentralized oracle mechanism to ensure the reliability and accuracy of price feeds for synthetic assets.
• Allows developers to use UMA's open-source framework for creating custom financial contracts personalized for specific needs. 
• UMA allows token holders to participate in decision-making processes related to protocol upgrades and changes.