Main
Also known as
UMA
Digital asset type
Fast, flexible and secure way to create decentralised financial products.
Blockchains
Overview
UMA (Universal Market Access) is an optimistic oracle that uses economic guarantees to secure markets. Unlike mechanically restrictive price feed oracles, an optimistic oracle is able to serve any arbitrary data on-chain. UMA’s flexible oracle serves data for uses including a cross-chain bridge, insurance, custom derivatives and prediction markets among other things. The UMA Protocol also provides various smart contract templates that are automatically secured by its optimistic oracle. Among these are contract templates and integrations for creating synthetic tokens, predictions markets, “KPI options” and structured financial products.
Funding
Funding rounds
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Coinbase Ventures | The corporate venturing arm of Coinbase investing in companies building the open financial system. | United States | Initial investment. Round participant. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Blockchain Capital LLC | Venture capital fund with a focus on blockchain enabled technologies. | United States | Initial investment. Round participant. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Placeholder Capital | Venture capital firm that invests in decentralized protocols and web3 services. | Initial investment. Round participant. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Uncorrelated Ventures | Venture capital firm focused on infrastructure software. | United States | Initial investment. Round participant. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Bain Capital Crypto | United Kingdom | Initial investment. Round participant. |