π₯ TOP Crypto TIPS In My Publication π
π My $2.5K Buying and selling Comp & Offers π
π² Coin Bureau Insider Channel π
π¦ Comply with Our Twitter π
πΊ Chainlink Video π
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– TIMESTAMPS –
0:00 Intro
2:04 What’s UMA?
4:27 How UMA Works
7:25 UMA Tech Framework
10:32 Priceless Oracles
12:28 UMA Token
14:36 Value Economics
16:26 UMA Hypothesis
17:40 Conclusion
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βοΈ π Helpful Hyperlinks π βοΈ
βΊ UMA Web site:
βΊ UMA Docs:
βΊ UMA Whitepaper:
βΊ OTC Derivs Market:
βΊ UMA Token Sale data:
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π What’s Common Market Entry π
It’s a decentralised protocol for creating monetary markets which can be globally accessible. It gives a framework for customers to create artificial derivatives on the Ethereum protocol.
It permits any two customers to enter a monetary contract. One that doesn’t depend on some centralised entity to implement. One that’s safe with financial incentives alone.
π₯ How UMA Works π₯
UMA defines an open-source protocol that permits any two counterparties to design and create their very own monetary contracts. That is all by way of the usage of decentralised Ethereum Sensible contracts.
Every UMA contract contains these 5 separate parts.
– Public addresses of all of the counterparties
– Margin accounts for every of those counterparties
– Financial phrases to calculate the worth
– Sensible contract capabilities to keep up the margin balances
– An oracle that can present safe and verified offchain information
These parts assist to make sure that the contract is ready to implement the foundations agreed.
π€ Priceless Contracts π€
These priceless monetary contracts are designed with mechanisms to be able to make sure the counterparties will all the time collateralise their positions with out counting on any of those value feeds.
The purpose right here is that Oracles are usually not wanted until there may be ever a dispute a couple of liquidation. Nonetheless, the financial incentives constructed into the protocol are designed to be able to make the necessity for this dispute course of rare.
That is all by way of the usage of the Dispute Verification Mechanism or UMA’s “DVM”. That is used to be able to settle disputes that there could also be between two contracting events aruond the actual value of the asset on conclusion of the contract.
The genius of this DVM oracle design is that they’ve developed a sport theoretic equilibrium the place the price of manipulating the oracle is all the time larger than the revenue that might be earned by corrupting the oracle.
π² UMA Token π²
The UMA token is an ERC20 token on the protocol and its foremost objective is as a utility token. There was an preliminary provide of 100 million UMA.
It had an preliminary uniswap itemizing again in April the place they bought off 2 million tokens for a value of 26 cents per token. Additionally, you will see that there’s over 48% that’s reserved for personal backers and buyers
In terms of the use circumstances for UMA, there are three foremost capabilities:
– Governance: The place customers can earn inflationary rewards for participation
– Disputes: The place tokens are used to incentivise value requests throughout these disputes.
– Charges: I discussed this earlier than however these are charges which can be burned to extend the value.
ποΈ Tokenomics π
Firstly you’ve gotten the protocol inflation which is presently 0.05%. That is really actually delicate when in comparison with most different tokens and is even lower than inflation on the likes of Bitcoin.
You even have these burns which can be happening to be able to lower the excellent provide and therefore improve the value. The precise quantity that’s charged in charges will improve proportional to how a lot is being locked up within the contracts
Having a look on the demand aspect, as extra individuals are coming into these contracts, they might want to purchase UMA to be able to pay the charges for potential disputes.
You then even have that governance demand which is a bit tougher to find out. You’ll have to take judgement name round how a lot you actually worth this and the advantages that come from with the ability to vote on these UMIPs.
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π Disclaimer π
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any specific final result.
#UMA #defi #crypto #coinbase #Evaluation #ethereum #derivatives #smartcontracts #blockchain
Source: Coin Bureau
32 Responses
Hey Guys. This was a really interesting project that I enjoyed researching. Transfers to Coinbase Pro begin today and trading won't be long after that. Given the recent dip in price, it could be a decent entry opportunity. I will keep you guys updated in my telegram – https://t.me/cbinsider.
Also, if don't forget to check out the $2.5k trading competition and all the other hot deals I have for you: https://guy.coinbureau.com/deals/
Thanks for the shitcoin
This coin jumped 80 coins in split seconds and trying to get money from people to trade in US market…be careful
ITS A BUY
UPDATE is definitely needed!
Good video
I bought UMA
20x
Buy "UMA"!! A cryptocurrency, Ethereum token that will hit $100 in the next couple months ππ lets push this price up!!! The future for sure
Update plz
any upgrade?
UMA is amazing… But Delta will be bananas
i like you videos i just wish you'd shave, sorry
Can we get a video comparing the pros and cons of Synthetix and UMA? There is nothing online and quite frankly the platforms are too complicated for all but highly technical individuals to understand which may corner the sector.
AHHHHHHH WHY AM I LATE
Defi will work, good effort thanks for the info really needed
#UMAππ½
Get on this ship now, this is a rocket shit you DONT want to miss!!! #DEFI
Itβs 33 dollars a token today February 5th, 2021… guarentee this is going to be 50k+ a token in the year 2025
Buy Doge Coin crypto through voyager or kraken or Binance platforms. The peopleβs coinπ€© to the moon!!
Buy Doge Coin crypto through voyager or kraken or Binance platforms. The peopleβs coinπ€© to the moon!!!
damn bro you are a beast should have bought some:( are we now too late ?
A bit sad I didnβt see this 5 months ago, now UMA is 32$ and Iβve joined in. I will buy some when it falls to decrease cpu
UMA is killing it right now
If anyone bought uma when this video released at any volume already has a ton of returns lmao
12:44 This initial distribution ruins it for me. It's no wonder it's pumping, because probably only 2% of the float is actually trading. It is so heavily weighted toward the developers, founders, and early investors that it looks like a scam, even if it does tout the potential for doing very complicated synthetic options (that almost nobody is going to understand outside of Wall Street financiers) that settle without an oracle via a voting process. Since the initial distribution is pretty much a chummy arrangement (Developers + Founders = 83.5%) how do you expect the voting on disputes might not be a little skewed?
Wish I'd watched this yesterday
Should be worth 10 billion right now. Will be worth 100 billion + in time.
Sausage π Face
Feds are gonna shut this one down fam
$17.36 was the price on record for that day
Love you channel! Please cover BIDAO. It's gonna be huge! https://www.youtube.com/watch?v=LwhZMyaV-vA&t=2s
Anyone any thoughts on loopring?