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What does 24-hour UMA mean? (How many milliseconds are equivalent to 24 hours?)

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What does 24-hour UMA mean? According to official sources, the decentralized e

What does 24-hour UMA mean? (How many milliseconds are equivalent to 24 hours?)

What does 24-hour UMA mean? According to official sources, the decentralized exchange project UMA, which runs on the Binance Smart Chain (BSC), will support the use of stablecoins DAI and USDC for trading. The meaning of 24-hour UMA is: “Within a day, we can earn a certain amount of ETH in the same transaction.” UMA also adds that if we believe that the price of a token will be 50% higher than the current price, it means that the asset has not been stolen.

It is reported that UMA is a decentralized investment tool platform that allows anyone to create digital currency portfolios and manage their investment plans.

How many milliseconds are equivalent to 24 hours

According to data from OKLink by OKEx Chain, the current Ethereum 2.0 deposit contract address has received 2 validators. One of them has received funds frozen by Mt.Gox and has been transferred to an unknown wallet address (the address is undergoing token transfer). So far, 3 staking proposals have been received, totaling over 4 million ETH (equivalent to over 10 million USD based on the current price), accounting for nearly 10% of the total; there are still 10 days until this unlocking period.

According to OKEx’s monthly Bitcoin futures data, the balance of msg.money showed an upward trend around 4 am today, reaching 868 million msg tokens, a decrease of 6.54% from the previous peak; at the same time, according to Glassnode data, the current Ethereum network has a hashrate of 119.9 TH/s, an increase of 16.6% compared to yesterday. (For more details, please refer to the official announcement)

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