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TheBlock 2021-06-02 21:11:51

UMA Protocol: synthetic asset issuance with optimistic oracle

Quick TakeUMA protocol enables permissionless issuance of any synthetic assetsThe majority of synths issued over the last 12 months were niche and were unable to attract any significant adoptionThe protocol has a unique oracle solution that requires human intervention, it is designed with game theory such that rational players are incentivized to act honestlyThe team has launched a new “optimistic oracle” framework that hopefully captures the oracle market by supporting arbitrary off-chain data relay beyond price feeds

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