Latest news

  • This Week in DeFi – July 24th

    To our DeFi Community,
    Your participation is needed now more than ever. As DeFi continues to act as a black hole for ETH, governance will continue to play an increasingly important role in the expansion and sustainability of open finance. With over $1B in new liquidity fueling Ethereum’s hottest sector in the past 7 days alone, it’s impossible to ignore the rapid innovation taking form right before our eyes. Best exemplified by yEarn and the release of its zero pre-mine, no initial … … More

  • This Week in DeFi – July 17th

    To Our DeFi Community,
    The Initial DEX Offering (IDO) is here. And while it’s not perfect, it’s a substantial improvement from the token distribution models back in 2017 and 2018.
    While the evolution has been slow, DeFi tokens have taken small steps over the past few years to improve incentive designs, distribution methods, and more. The Initial DEX Offering is another step in this evolution as it provides investors with permissionless access to token offerings. The movement was init… … More

  • UMA Launches New Synthetic for Shorting COMP

    UMA – a decentralized protocol establishing a generalized framework for creating synthetic assets – launched yCOMP to provide DeFi users with the ability to short COMP, Compound‘s native governance token. 1/ Synthetic $COMP (yCOMP) is live on mainnet. It is now possible to permissionlessly short $COMP.
    — UMA (@UMAprotocol) June 26, 2020 With Compound surging to over a $2B valuation within weeks of launch, the introduction of a token allowing users to gain “short… … More

  • UMA Lauches First Priceless Synthetic Token: ETHBTC Backed by DAI

    UMA – a sector-rising derivatives protocol – has just released its first priceless synthetic token – ETHBTC – on mainnet. ETHBTC Synthetic Token is LIVE on Mainnet This is the first “priceless” synthetic token created using UMA’s infrastructure. You can now bet on ETH outperforming BTC—tokens are on Uniswap v2.
    Read on for details + why this is important for #DeFi …
    — UMA (@UMAprotocol) May 20, 2020 For those unfamiliar … … More

  • UMA x Token Terminal: Interview with Allison Lu

    In this blog series, we interview founders from the crypto space to learn more about them and the products they’re building. For our fourth post, we sat down with Allison Lu, the co-founder of UMA. UMA, which stands for Universal Market Access, is a protocol that enables users to create synthetic assets.In this interview, we go through topics ranging from the team’s current product focus to future plans.What is UMA?UMA is an open-source “Priceless” financial contracts platform built on top of Et… … More

  • DeFi Dive: UMA – a DeFi platform built to enable Universal Market Access

    Today, we interview UMA co-founder Allison Lu who talks about her and her team’s mission to bring market access to everyone through synthetic asset tokens, decentralized oracles, and priceless financial contracts. How did you get your start in crypto and what inspired you to build your project, product, or service? Starting in late-2017, my co-founder Hart and I were exploring various ideas for blockchain-based solutions to problems within the financial services industry. Our me… … More

  • This Week in DeFi – May 1st

    To Our DeFi Community,
    Another week in DeFi officially in the books!
    The most notable event this week was UMA – the permissionless derivatives and synthetic assets protocol – launching an Initial Uniswap Offering. For those that missed it, the offering deposited 2% of the 100M UMA supply into Uniswap along with roughly $500k in ETH, allowing anyone to participate. As a result, the token distribution event saw massive demand as UMA tokens were quickly soaked up from the open market. W… … More

  • UMA Uniswap Listing Launches with a Bang

    UMA – the permissionless derivatives platform – has officially kicked off it’s Initial Uniswap Listing, directly tying into its mission to provide Universal Market Access. The UMA project token $UMA is now available on Uniswap. Link:
    — UMA (@UMAprotocol) April 29, 2020 Seeing as this offering was the first of its kind, we wanted to fill our readers in on what happened, along with the thrilling rollercoaster ride that unvei… … More

  • This Week in DeFi – April 24th

    To Our DeFi Community,
    Another week in the world of DeFi in the books! Per usual, it’s been filled with excitement and innovation.
    The week started off with a bang as dForce – the Multicoin-backed Chinese DeFi startup – was hacked for $25M. The attacker leveraged what’s called a “reentrancy attack” via the ERC777 token standard which also allowed for the imBTC Uniswap exploit just a day prior. The attack comes the same week the dForce team closed their strateg… … More

  • UMA Announces Initial Uniswap Listing

    UMA – a protocol for permissionless derivatives – is announcing an Initial Uniswap Listing (IUL) for the protocol’s native token, $UMA. The UMA project token ($UMA) will be listed on Uniswap at ~15:00 UTC on Wednesday, April 29th.
    — UMA (@UMAprotocol) April 22, 2020 UMA’s native token will primarily be used for two core purposes: (1) as a governance token for the protocol and (2) to fulfill price requests. Governance actions may include dete… … More