UMA, the acronym for Universal Market Access, refers to a program hosted on the Ethereum blockchain, and gives users the ability to generate synthetic assets that can mimic almost any asset’s value. On the other hand, the term UMA still refers to the native coin of the protocol. UMA is structured with the ERC-20 token […]
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Synthetix is a decentralized finance (DeFi) project that runs on the Ethereum blockchain. From a different angle, it can be defined as an assembly of smart contracts that grants its service users the ability to mint new cryptocurrency. The new currency mirrors the traditional fiat currency like the USD or even significant crypto assets like […]
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