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TechFlow reports that oracle project UMA has announced the upcoming launch of UMA Oval via a tweet, aiming to address the tens of millions of dollars in value lost annually by lending protocols due to MEV.
According to Binance market data, UMA briefly surged to $3.922, currently trading at $3.626, marking a 24-hour gain of 74.13%.
Previous report: The token staking function for decentralized oracle UMA is now live.
Oracle project UMA has posted a tweet announcing the upcoming launch of UMA Oval, aimed at addressing the tens of millions of dollars in value that lending protocols lose annually due to MEV. According to Binance market data, UMA briefly surged to $3.922, currently trading at $3.626 with a 24-hour gain of 74.13%. Earlier news reported that the decentralized oracle UMA has now launched its token staking functionality.
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