Tag Archives: UMA

Ren and UMA launch a Bitcoin-backed yield greenback

Trustless cross-chain bridge Ren and permissionless artificial asset platform UMA have teamed as much as launch a Bitcoin-backed yield greenback referred to as uUSD, along with a joint liquidity mining reward program. The partnership will lead to a product that enables traders to leverage Bitcoin permissionlessly on the Ethereum community. The uUSD is UMA’s second… Read More »

UMA Protocol’s New “Yield Greenback” Raises Safety Considerations for Bitcoin in DeFi

Key Takeaways Decentralized protocol UMA has introduced the launch of the Yield Greenback on renBTC, a coin representing Bitcoin on the Ethereum community. The launch will allow customers to mint renBTC and lock it into UMA to make use of as collateral to mint uUSD. Customers will even be capable to farm by staking uUSD… Read More »