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Convert UMA to your currency
Last Updated on Sep 29, 2025 07:23 AM
What is UMA?
About the coin
UMA is a decentralized financial contracts platform designed to enable Universal Market Access. It builds infrastructure for 'priceless' financial contracts, which are DeFi contracts that minimize oracle usage. This approach helps avoid many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens, which are ERC20 tokens that can track anything while minimizing the need for on-chain price data.
Main features
The UMA project token powers the system in two main ways: governance and price requests. UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. The priceless methodology minimizes on-chain price requests but doesn’t eliminate them. When contract interactions are disputed, UMA token holders fulfill price requests via the Data Verification Mechanism (DVM).
How it works
UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity but serve as a means to engage in the governance and operational aspects of the UMA platform.
Wallet for UMA
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for UMA
- Ethereum
- Avalanche
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UMA FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure UMA with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose UMA wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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