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Range Token

UMA $4-12 Range Token August 2021

0x372802d8A2D69bB43872a1AABe2bd403a0FafA1F
Expired

Your Wallet

Disconnected

About rtUMA-0821

The range token is a new treasury primitive that enables DAOs to access funds and diversify their treasury without directly selling their native tokens. Range tokens function as a loan a DAO can take against its own treasury. This is similar in traditional finance to convertible debt.

rtUMA-0821 token has a $4-$12 UMA price range and expires on August 31, 2021. The token was priced to have a 25% APY, at 0.963 USDC. This discount reflects the 25% annualized yield over the 2 months until expiry.

The following payouts happen at expiry:

  • If $UMA is within the $4–12 range, the investor earned 25% APY paid in $UMA
  • If $UMA is > $12, the investor earns an effective APY higher than 25% (the investor has long exposure to a $12 call option)
  • If $UMA is < $4, the investor earns an effective APY lower than 25% (the investor has short exposure to a $4 put option).

View here to learn more about rtUMA-0821.

View here to learn more about Range Tokens.

Token Information

Name:
UMA $4-12 Range Token August 2021
Long Token Symbol:
rtUMA-0821
Short Token Symbol:
rtUMA-0821s
Long Address:
0xa1b777a18333A9EC31b4D81f5d08371b6AE1FEb9
Short Address:
0xeFA3356e054A035dD91fA25b3F2A61484Bc2CD54
Category:
Expiry Date:
August 31, 2021, 10:00 PM UTC
Price Identifier:
UMAUSD

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