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  • UMA

    Cryptocurrency
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    921Members
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    Discription:- UMA is focused on building “priceless” derivatives on Ethereum. These financial contracts are designed to ensure proper collateralization by counterparties without the use of an on-chain price feed. They can do so by providing rewards to counterparties or third parties for identifying improperly collateralized positions. To confirm that these positions are improperly collateralized, these contracts may rely on a “Data Verification Mechanism” (DVM). Link:- umaproject.org
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