UMA (UMA)
Unlock Schedule
UMA (UMA) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the UMA (UMA) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence UMA price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The UMA token is an ERC‑20 asset that powers governance and data verification. Holders stake and vote to resolve disputes; correct participation earns protocol emissions, which are set by governance. UMA’s design aims to make honest voting economically rational so the oracle remains accurate. (blog.uma.xyz)
At launch in 2020, Risk Labs minted approximately 100 million UMA and executed an Initial DEX Offering that deposited 2 million UMA into a Uniswap pool. The initial allocation set aside 48.5 million for founders, early contributors, and investors; 35 million for developers and users; and 14.5 million for future token sales. Founders and early investors also agreed to extend vesting by two years (concluding in early 2023), signaling a commitment to long‑term development. Over time, supply has been managed by the DAO, with modest inflation earmarked to reward active, correct voters. (gate.com)
In governance, UMA holders propose and vote on protocol parameters, approve new identifiers, and shape upgrades to the DVM and oracle contracts. Many decisions are formalized through UMIPs, giving the community a transparent process to evolve the system. (docs.uma.xyz)
Assumptions
- Pre-DVM 2.0 voter inflation total (2020-04-29 to 2023-03-11) modeled as 12,217,016 UMA.
Computed from official total supply on 2025-01-31 (122,979,000) minus initial 100,000,000 and minus known DVM 2.0 emissions (0.18 UMA/s from 2023-03-11 to 2025-01-31).
- Developer Mining emissions total modeled as 2,350,000 UMA.
50,000 UMA/week from 2020-11-10 program start through discontinuation on 2021-10-04 (~47 weeks).
- KPI Options uTVL-0621 payout estimated at 110,000 UMA on 2021-06-30.
UMA retrospective states TVL resolved around $110M; uTVL payout function is linear between 0.1–2.0 UMA per option (1,000,000 options), implying ~0.11 UMA/option.
- Liquidity mining amounts included only where explicit weekly rates and windows are documented.
Pilot and yUSD-OCT20 periods (25k/week) and renBTC uUSDrBTC-OCT (10k/week) are from official posts; later LM phases lacked precise token rates in primary sources.
- Treasury (Future Token Sales Reserve) and remaining Community/Developer incentives modeled linearly to 2030-12-31 for charting.
No binding vesting exists; DAO/governance spends these reserves opportunistically. Linear schedules are placeholders for visualization and do not represent commitments.
- DVM 2.0 staking emissions modeled at two rates: 0.18 UMA/s until 2025-03-11, then 0.155 UMA/s through 2025-11-08.
UMIP-174 turned on 0.18 UMA/s on 2023-03-11; DAO reduced to 0.155 UMA/s effective 2025-03-11. A further proposed cut to 0.130 UMA/s was not executed as of the latest docs.
- UMA supply is not capped.
Governance may adjust emissions; official docs characterize supply as dynamic with staking emissions.
- 1. https://medium.com/uma-project/umas-initial-uniswap-listing-afa7b6f6a330
- 2. https://medium.com/uma-project/uma-token-release-treasury-update-b33867f534c9
- 3. https://medium.com/uma-project/liquidity-mining-on-uma-is-now-live-5f6cb0bd53ee
- 4. https://medium.com/uma-project/umas-liquidity-mining-pilot-retro-and-rollover-e1ba8614339
- 5. https://medium.com/uma-project/uma-announcing-the-yield-dollar-on-renbtc-440a1ed0c5d5
- 6. https://medium.com/uma-project/uma-yield-dollar-dapp-mining-christmas-rollover-e2c07396e7f
- 7. https://medium.com/uma-project/uma-announces-developer-mining-6f6fe15d5604
- 8. https://medium.com/uma-project/risk-labs-developer-mining-update-and-retrospective-ec9dfe2cff28
- 9. https://medium.com/uma-project/uma-kpi-options-and-airdrop-bae86be16ce4
- 10. https://medium.com/uma-project/umas-utvl-kpi-options-a-retrospective-and-the-next-launch-169473209335
- 11. https://contracts.docs.umaproject.org/dev-ref/mainnet-info
- 12. https://docs.uma.xyz/protocol-overview/dvm-2.0
- 13. https://docs.uma.xyz/protocol-overview/dvm-2.0-faq
- 14. https://blog.uma.xyz/articles/how-much-yield-can-you-earn-from-staking-uma
- 15. https://discourse.uma.xyz/t/umip173-approve-dvm-upgrade-to-dvm-2-0/1935
- 16. https://discourse.uma.xyz/t/umip-174-update-uma-emission-rate/2000
- 17. https://discourse.uma.xyz/t/uma-emissions-reduction/2140
- 18. https://discourse.uma.xyz/t/uma-emissions-reduction-2/2185
- 19. https://blog.uma.xyz/articles/uma-token-supply-disclosure
- 20. https://blog.uma.xyz/articles/uma-voting-faq-vote-and-earn-like-a-pro
Allocations
Description
#601
UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA provides open-source infrastructure for developers to create synthetic assets and financial contracts on the Ethereum blockchain. UMA's native token is used for governance and voting on the platform.
| Sector: | Oracles |
| Blockchain: | Ethereum |