Injective Partners with UMA to Launch Innovative Synthetic Products
We are thrilled to announce our collaboration with UMA to launch innovative synthetic products.
By integrating with Injective’s decentralized derivatives exchange, synthetic assets on UMA can be made available to our users moving forward. Notable synthetics that we plan to introduce include uGas, a solution for hedging against Ethereum gas fees. In addition, we plan to integrate an ETH/BTC index which would provide an avenue for traders to attain a token that tracks the ETH/BTC price ratio.