“With @UMAprotocol’s Token Builder, you can create tokens that track the price of anything (the S&P 500, the # of Twitter/IG followers someone has, the # of upvotes your meme has…). All you have to do is choose the price feed and deposit $DAI.”
link.medium.com/xPcjw5vrUZ
link.medium.com/xPcjw5vrUZ
UMA continues to add important oracle and tokenization ingredients to #DeFi 💪
Separately, for those concerned about $DAI’s peg due to excess supply, @UMAprotocol’s synthetic token builder could be a key $DAI sink for @MakerDAO’s system.
It’s a potentially bottomless one if it’s profitable for token builders & the service is utile/low-cost for users.
It’s a potentially bottomless one if it’s profitable for token builders & the service is utile/low-cost for users.
