What Is General Market Access? UMA Guide
UMA is a decentralised platform that focuses on financial agreements to achieve universal market access through synthetic assets.
In the Centralised Finance (CeFi) sector, synthetic assets allow investors to take advantage of asset price changes without having to interact with it. For example, investors can interact with bonds and stocks through derivative products such as options and futures. In addition, synthesis tools can also access multiple financial channels.
Synthetic assets can also be used in a decentralised world. They are often referred to as cryptocurrency synthetic assets, allowing virtual currency investors to interact with CeFi while still enjoying the benefits of distributed ledger technology (DLT).
Cryptocurrency synthetic assets are part of the Decentralised Finance (DeFi) space. With the vigorous development of DeFi, ubiquitous projects have emerged. UMA is a great example of an excellent DeFi project.