Leading trading and concern level eToro announced the listing of API3 and UMA (Universal Market Access).
API3 is simply a level for decentralized exertion programming interfaces (APIs). API3, the platform’s autochthonal token, enables holders to enactment successful governance done the API3 DAO.
API3’s stated extremity is to let decentralized versions of APIs to beryllium built, managed and monetized astatine scales.
As blockchain exertion plays an ever bigger relation successful the economy, the squad down this task says it has ne'er been much important for astute contracts to supply “timely, reliable real-world data.”
The coin is gaining connected quality of the listing. At the clip of publication, it was trading for $3.40 with a 24-hour trading measurement of $36.8 million. API3 is up 5.22% successful the past 24 hours according to CoinMarketCap.
Universal Market Access (UMA) is an Ethereum-based protocol that enables users to physique their ain synthetic assets, which are tokens that way the worth of real-world assets. UMA is simply a governance token, and tin beryllium utilized to ballot connected task decisions.
Synthetic assets are a people of assets that correspond different, underlying assets and person the aforesaid value.
UMA specifically enables its users to plan and make self-executing, self-enforcing fiscal contracts secured by economical incentives and tally them connected Ethereum’s blockchain.
UMA allows counterparties to digitize and automate immoderate real-world fiscal derivatives, specified arsenic futures, contracts for differences (CFDs) oregon full instrumentality swaps.
By processing a protocol for the instauration of synthetic assets and fiscal contracts connected the blockchain, UMA seeks to democratize and decentralize the fiscal derivatives market.
At the clip of publication, 1 UMA was worthy $5.50 with a 24-hour trading measurement of $95.7 million. According to CoinMarketCap data, UMA is up 2.66% successful the past 24 hours.