The UMA protocol lets developers create and manage derivatives on Ethereum. Learn how it works and earn free UMA tokens.
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The UMA protocol provides the infrastructure for developers to create and manage derivatives and other decentralized financial products on the Ethereum network.
Investors can obtain derivatives by locking an asset into an UMA smart contract. The value of the collateral is monitored by liquidators, who are in turn monitored by disputers.
Anyone who holds UMA tokens can participate in UMA governance and receive more UMA as a reward. Developers can also create new derivatives using any form of data, including non-financial info.
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