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UMA community has opened the token casting interface, users can cast synthetic token yCOMP short COMP

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Users can create yCOMP or ETHBTC here, and then sell yCOMP to short COMP.

Law-based BlockBeats message, UMA tweeted on July 8 that it had opened the scrip casting interface, a tool that allows users to view details about currently deployed synthetic scrips, create new scrips, deposit/withdraw and redeem. At present, you can create either yCOMP or ETHBTC in this interface. If you choose to coin yCOMP and sell it, you can use it to short COMP.

According to a previous report by rhythm, UMA The community announced on June 22 that it was creating a COMP composite token. It allows people to short the COMP token. COMP tokens created through UMA do not have the power to participate in Compound governance, but are subject to the same liquidation risk as COMP tokens.

UMA stands for Universal Market Access and is a protocol that allows users to create synthetic assets. & have spent UMA is an open source "priceless" financial contract platform based on Ethereum. This infrastructure consists of two components: a decentralized Oracle service based on Schelling Point, and "invaluable" smart contract templates that third parties can use to create a variety of new and interesting financial products on the chain.& have spent