UMA KPI Options and Airdrop

UMA introduced the KPI option idea & outlines #UMA’s plans to airdrop these options to both UMA supporters & the broader DeFi community.

UMA will be airdropping a new incentivization mechanism called a “KPI option” to a curated list of addresses in DeFi. The value of these options depends on the TVL of the UMA protocol, thereby giving every recipient an incentive to grow the protocol. (KPI = key performance indicator).

Compared to a typical airdrop which can be easily dumped, KPI options are synthetic tokens that will pay out more rewards as the core KPI of the protocol grows.

The Risk Labs foundation has allotted 2,000,000 $UMA [~$60M USD] for this purpose. The target date for the close of this program is June 2021, at which point the KPI options will be redeemable for $UMA. These tokens will have a minimum value of .1 $UMA each — but if the KPI target is hit, they will pay out 2 $UMA, a 20x increase.

What is UMA?

UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA enables DeFi developers to build synthetic assets.

📰 INFO:

https://medium.com/uma-project/uma-kpi-options-and-airdrop-bae86be16ce4