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307 Review
-297.75 Karma

Review on UMA by Toprak Dere

Revainrating 3 out of 5

About UMA

UMA Coin managed to rise up to $ 30, especially before the drop experienced last week. It is known that the comments of UMA Coin, which was traded below $ 10, not much, 1 month ago, are therefore very positive. Recently listed by Coinbase Pro and subsequently by Binance, one of the world's largest cryptocurrency exchanges, UMA Coin has a bright future.
In particular, its focus on DeFi and its focus on synthetic derivatives creates a bridge between DeFi and central finance.
It seems that UMA embodies many elements that are currently in fashion. UMA-based contracts provide economic incentives and security compared to contracts in traditional derivatives. This ensures that these smart contracts are universally available and reliable.
img 1 attached to UMA review by Toprak Dere

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Pros
  • With UMA's "Synthetic Token Builder" service, users can create tokens that are indexed to the price of anything.
  • Yield Farming
Cons
  • not listed in most exchanges
  • the project should be developed and supported more