UMA
UMA
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
UMA presents a compelling but high-risk investment case. The project excels in fundamental areas, boasting a highly credible team, top-tier security with a flawless audit history, and robust, active development. Its unique Optimistic Oracle carves out a distinct niche in the DeFi market. However, these strengths are severely undermined by a critical flaw in its tokenomics: extreme centralization, with over 91% of the supply held by the top 10 wallets. This concentration poses a significant risk to decentralized governance and price stability, overriding the project's otherwise strong technical and operational foundation.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About UMA (UMA)
UMA (UMA)
UMA (Universal Market Access) is the native ERC-20 token powering the UMA Protocol, a decentralized platform on Ethereum for creating synthetic assets and self-enforcing smart contracts. UMA enables developers and users to build custom financial products—such as derivatives, margin trading, and stablecoins—without centralized intermediaries.
Key Features
- Governance Token: UMA holders propose and vote on protocol upgrades, parameter changes, and ecosystem grants.
- Optimistic Oracle: A decentralized price verification mechanism that incentivizes honest data reporting via UMA collateral and dispute resolution.
- Synthetic Asset Creation: Mint or trade synthetic tokens that track real-world assets (commodities, indices, currencies) with on-chain collateral.
- Dispute Resolution: UMA stakers can challenge dishonest price requests, aligning network incentives for secure and reliable oracle data.
Technical Specifications
- Token Standard: ERC-20
- Blockchain: Ethereum Mainnet
- Total Supply: 100,000,000 UMA
- Launch Date: October 2020 (initial airdrop for Uniswap LPs)
Use Cases
- Protocol Governance: Vote on UMA improvement proposals and risk parameters.
- Collateral for Oracles: Stake UMA to back price requests and earn incentives.
- Ecosystem Growth: Participate in community grants, developer bounties, and liquidity mining programs.
Resources & Community
- Website: https://umaproject.org
- Documentation: https://docs.umaproject.org
- GitHub: https://github.com/UMAprotocol
- Discord: https://discord.gg/umaproject
- Twitter: https://twitter.com/umaprotocol
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