Delphi Daily

UMA Protocol is doing an Initial Uniswap Listing (IUL) for its UMA token on at 15:00 UTC on April 29th. Full information about the listing can be found here, but I’ll summarize the essentials. They’re placing 2mm UMA tokens and ~$535k ETH into a liquidity pool, implying a token value of $0.2675 (they list it as $0.2667, but the rounding difference is negligible). The 2 million tokens they’re listing are only 2% of the total supply, representing a fully diluted market cap $26.75 ($26.67) million. The full breakdown of the 100 Million is as follows

  • 48.5 Million tokens to Founders, Early C

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