UMA (UMA) is an open-source blockchain protocol that enables the creation, management, and settlement of decentralized financial contracts, also known as synthetic assets or derivatives. UMA allows users to create and customize their own financial contracts, providing a permissionless and decentralized way to create and trade synthetic assets on the blockchain.

UMA (UMA) was created by a team of blockchain and financial experts including Hart Lambur and Allison Lu.

UMA (UMA) is used for creating, managing, and settling decentralized financial contracts, also known as synthetic assets or derivatives, on the blockchain. These synthetic assets can represent a wide range of financial instruments, such as commodities, stocks, bonds, and more. UMA provides a decentralized and permissionless platform for users to create, trade, and settle these synthetic assets without the need for intermediaries, opening up new possibilities for decentralized finance (DeFi) applications and innovations.