Injective Partners with UMA

Injective Protocol are thrilled to announce the collaboration with UMAprotocol to launch a number of innovative synthetic products.

They will also focus on an integration with UMA’s Optimistic Oracle which is custom built to support synthetic asset collateralization.

About UMA:

UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on Ethereum. In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies. UMA is backed by industry titans like Placeholder, Two Sigma, Coinbase Ventures, Bain Capital, and Blockchain Capital.

About Injective Protocol:

Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

INFO:

https://blog.injectiveprotocol.com/injective-partners-with-uma-to-launch-new-synthetic-products/amp/