UMA (UMA) is now available for commission-free* buying & trading, as well as transfers on the Voyager app!
UMA (UMA) is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. UMA is an open-source protocol that allows developers to design and create their own financial contracts that are self-enforcing and accessible worldwide, which differentiates it from traditional derivatives. UMA describes itself as a protocol for building synthetic assets and aims to allow users to write self-enforcing smart contracts with economic guarantees.
UMA, along with Ren Protocol, has launched a Yield Dollar alongside a three-asset yield farming incentive, which enables its users to lock renBTC into UMA. renBTC can be used as collateral to mint uUSD and purchase more renBTC to create a permissionless leveraged position. Yield farming is also supported.
Ready to start trading UMA on Voyager? Download the app and follow the below steps to start now:
How to buy UMA
1. Get the Voyager App: Now available in Apple iTunes Store and Google Play Store, visit the store and search Voyager or click here to download now.
2. Open a Voyager Trading Account: Fill in your personal information to create a trading account. As a licensed financial institution, we're required to collect this information to protect our users, but know that your personal information is always safe with us.
3. Link your Bank: Link your bank account by navigating to the User Icon on your Market Screen. On your account page, tap "Bank Accounts" and add your bank.
4. Fund your Voyager Account: To deposit USD, go to your account page and tap "Transfer Cash or Crypto" & tap "Deposit to Voyager Account" and select USD. Then enter the amount of USD you'd like to transfer and slide the "Slide to Deposit USD" banner. Now you can trade instantly.
5. Buy UMA: Navigate to the Market Screen scroll until you reach "UMA" and tap to access the UMA page, then tap "Buy UMA." Insert the amount of USD you'd like to spend and slide the "Slide to Buy UMA" purple banner to complete your purchase.
Trading on the Voyager app is currently available to all U.S. residents (excluding New York state). We are actively working with regulators to expand to New York and internationally in the future.
*Additional fees may apply