UMA (UMA)
Unlock Schedule
UMA (UMA) Token Unlock & Vesting Schedule
As of October 16, 2026, 92.49 million UMA have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 6.98 million UMA (all estimated) from Supply growth (CoinGecko), worth about $2.74 million at today's price (7.50% of the market cap). Today's release is an estimated 19,943 UMA from Supply growth (CoinGecko).
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
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
Supply and distribution
The Risk Labs Foundation initially created 100 million UMA tokens. The original allocation set aside 48.5 million for founders, early contributors, and investors; 35 million for developers and users; 14.5 million for future token sales; and 2 million for the initial Uniswap pool. These figures describe the launch allocation, rather than how tokens are held today. UMA’s supply can grow through newly issued voting rewards. (medium.com)
What the token does
UMA serves two connected purposes. First, holders can take part in governance, including decisions about protocol changes and treasury actions. Second, holders can stake tokens and vote on oracle disputes. UMA uses rewards to encourage accurate participation; its voting rules also apply penalties to incorrect or missed votes. Staking therefore represents an active role in the oracle’s decision-making process. (docs.uma.xyz)
The token’s role differs from the bond posted for an individual oracle answer. Depending on an application’s design, a proposer may post a bond in an approved asset, while staked UMA gives voters the power to decide a dispute. This distinction helps explain how developers can use the oracle without making every application user hold UMA. (docs.uma.xyz)
Upcoming UMA Releases
| Period | Allocation | Type | Amount | Value |
|---|---|---|---|---|
| Oct 16 – 31, 2026 | Supply growth (CoinGecko) | Issuance, estimated | 319.1K | $125.4K |
| Nov 2026 | Supply growth (CoinGecko) | Issuance, estimated | 598.3K | $235.1K |
| Dec 2026 | Supply growth (CoinGecko) | Issuance, estimated | 618.2K | $243K |
| Jan 2027 | Supply growth (CoinGecko) | Issuance, estimated | 618.2K | $243K |
| Feb 2027 | Supply growth (CoinGecko) | Issuance, estimated | 558.4K | $219.4K |
| Mar 2027 | Supply growth (CoinGecko) | Issuance, estimated | 618.2K | $243K |
| Total, next 12 months | 7M | $2.7M | ||
Values at $0.393 per UMA (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
UMA began with 100 million created tokens allocated to liquidity, early holders, ecosystem use and potential sales. Some distributions are dated, but much of the early-holder vesting and later treasury spending cannot be placed precisely on a calendar. Voter and staker rewards add tokens without a fixed supply cap; the chart uses dated total-supply observations to estimate growth between measurements, especially before 2024. A date-matched independent total for September 2026 and cumulative burns remain unverified.
- Founders, Early Contributors and Investors: The sources give the amount but no release dates.
- Founders, Early Contributors and Investors: The original schedule was changed and the new timing is not yet published.
- Developers and Users Ecosystem Allocation: Releases depend on future governance or treasury decisions.
- Risk Labs yUSD Liquidity-Mining Pilot: Timing not yet established.
- Risk Labs yUSD Liquidity-Mining Pilot: The original schedule was changed and the new timing is not yet published.
- Risk Labs Developer Mining: The original schedule was changed and the new timing is not yet published.
- SuperUMAn DAO Initial Seed: The sources give the amount but no release dates.
- Reserved Future Token Sales: Releases depend on future governance or treasury decisions.
- DVM Voter and Staker Emissions: Timing not yet established.
- 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-announces-developer-mining-6f6fe15d5604
- 6. https://medium.com/uma-project/risk-labs-developer-mining-update-and-retrospective-ec9dfe2cff28
- 7. https://medium.com/uma-project/the-eoy-and-umas-multi-dao-future-bf706f95314a
- 8. https://discourse.uma.xyz/t/announcement-superuman-dao/1375
- 9. https://discourse.uma.xyz/t/funding-request-from-the-superuman-dao/1578
- 10. https://medium.com/uma-project/uma-range-token-retro-a856d152de30
- 11. https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e
- 12. https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-173.md
- 13. https://medium.com/uma-project/uma-token-staking-is-live-here-is-how-you-participate-bf959cc39091
- 14. https://medium.com/uma-project/how-much-yield-can-you-earn-from-staking-uma-ec2917c62004
- 15. https://github.com/UMAprotocol/uma-docs/blob/master/using-uma/voting-walkthrough/dvm-2.0.md
- 16. https://github.com/UMAprotocol/protocol/blob/master/packages/core/contracts/data-verification-mechanism/implementation/Staker.sol
- 17. https://github.com/UMAprotocol/protocol/blob/master/packages/core/contracts/data-verification-mechanism/implementation/Voting.sol
- 18. https://github.com/UMAprotocol/uma-docs/blob/master/faqs.md
- 19. https://blog.uma.xyz/articles/uma-token-supply-disclosure
- 20. https://etherscan.io/token/0x04fa0d235c4abf4bcf4787af4cf447de572ef828?a=0x18e296053cbdf986196903e889b7dca7a73882f6
- 21. https://www.coingecko.com/
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $2M open interest
Binance (CEX) | 327K | 16K/22K |
OKX (CEX) | 289K | 10K/13K |
Binance (CEX) | 213K | 9.1K/8K |
![]() MEXC (CEX) | 84K | 21K/22K |
Bybit (CEX) | 55K | 2.9K/5.5K |
![]() Coinbase (CEX) | 31K | 6.5K/9K |
HTX (CEX) | 24K | 498/1.1K |
Kraken (CEX) | 13K | 1.3K/5.3K |
Binance (CEX) | 5.2K | 2K/2K |
Kraken (CEX) | 4.4K | 32/6.3K |
KuCoin (CEX) | 3.6K | 393/739 |
Gate.io (CEX) | 2.4K | 13K/16K |
OKX (CEX) | 312 | 992/958 |
Uniswap V2 (Ethereum) | 68 | 127/127 |
OKX (CEX) | 21 | 1.9K/2.2K |
Uniswap V3 (Ethereum) | 6.3 | 55/55 |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 20,773,770.525 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Backend estimate, not researched: the growth of CoinGecko's total supply (13,262,370 tokens) over 2024-02-24 to 2026-09-30, where the research dates no issuance
Estimated from the last observation onward: about 19,943 per day (607,002 per month), the rate between the observations of 16 May 2026 and 30 September 2026.
Description
#575
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 |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $2M open interest
Binance (CEX) | 327K | 16K/22K |
OKX (CEX) | 289K | 10K/13K |
Binance (CEX) | 213K | 9.1K/8K |
![]() MEXC (CEX) | 84K | 21K/22K |
Bybit (CEX) | 55K | 2.9K/5.5K |
![]() Coinbase (CEX) | 31K | 6.5K/9K |
HTX (CEX) | 24K | 498/1.1K |
Kraken (CEX) | 13K | 1.3K/5.3K |
Binance (CEX) | 5.2K | 2K/2K |
Kraken (CEX) | 4.4K | 32/6.3K |
KuCoin (CEX) | 3.6K | 393/739 |
Gate.io (CEX) | 2.4K | 13K/16K |
OKX (CEX) | 312 | 992/958 |
Uniswap V2 (Ethereum) | 68 | 127/127 |
OKX (CEX) | 21 | 1.9K/2.2K |
Uniswap V3 (Ethereum) | 6.3 | 55/55 |

