UMA (Universal Market Access), a decentralized financial contracts platform, has introduced a new ERC20 contract design that is capable of tracking any asset with no on-chain prices and pooled risk. No on-chain price feed or ‘priceless’ contracts are designed with mechanisms to incentivize counterparties to properly collateralize their positions; without requiring any on-chain price feed. […]

CryptoNinjas: UMA introduces ‘priceless’ ERC20 token contract that can track any asset

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