{"id":35872,"date":"2021-02-04T19:23:45","date_gmt":"2021-02-04T17:23:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35872"},"modified":"2025-08-29T03:24:09","modified_gmt":"2025-08-29T00:24:09","slug":"uma-and-yam-finance-to-launch-a-tokenised-wallstreetbets-portfolio","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uma-and-yam-finance-to-launch-a-tokenised-wallstreetbets-portfolio\/","title":{"rendered":"UMA and YAM Finance to launch a tokenised WallStreetBets portfolio"},"content":{"rendered":"<p>The UMA decentralized derivatives platform, in collaboration with YAM Finance, has put to a vote a proposal to launch the uSTONKS synthetic contract. It represents a basket of ten stocks most discussed in the r\/WallStreetBets community on the Reddit platform.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In collaboration with <a href=\"https:\/\/twitter.com\/YamFinance?ref_src=twsrc%5Etfw\">@YamFinance<\/a>: Announcing the arrival of uSTONKS on UMA:<\/p>\n<p>\u00abThe uSTONKS token is a synthetic that tracks an index consisting of ten stocks that are most commented on r\/wallstreetbets.\u00bb <a href=\"https:\/\/t.co\/Rrky6QpMcW\">https:\/\/t.co\/Rrky6QpMcW<\/a><\/p>\n<p>\u2014 UMA (@UMAprotocol) <a href=\"https:\/\/twitter.com\/UMAprotocol\/status\/1356825546835988481?ref_src=twsrc%5Etfw\">February 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The share of each asset in the index token will be 10%. The base date chosen is December 31, 2020. The index was assigned a value of 100 points on that date, and each stock on that date was 10 points.<\/p>\n<p>The first token will be uSTONKS-MAR21; its composition is shown in the illustration below.<\/p>\n<div id=\"attachment_123999\" style=\"width: 521px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123999\" class=\"size-full wp-image-123999\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-412.png\" alt=\"UMA and YAM Finance launch tokenized WallStreetBets portfolio\" width=\"511\" height=\"305\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-412.png 511w, https:\/\/forklog.com\/wp-content\/uploads\/1-412-300x179.png 300w\" sizes=\"auto, (max-width: 511px) 100vw, 511px\" \/><\/p>\n<p id=\"caption-attachment-123999\" class=\"wp-caption-text\">Composition of the uSTONKS-MAR21 contract. Data: <a href=\"https:\/\/medium.com\/uma-project\/ulabs-and-ustonks-7a6ba1ed8eb3\" target=\"_blank\" rel=\"noopener noreferrer\">UMA Project<\/a>.<\/p>\n<\/div>\n<p>Below is the hypothetical trajectory of uSTONKS-MAR21 since the start of the year.<\/p>\n<div id=\"attachment_124000\" style=\"width: 614px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124000\" class=\"size-full wp-image-124000\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-378.png\" alt=\"Hypothetical trajectory of uSTONKS-MAR21\" width=\"604\" height=\"376\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-378.png 604w, https:\/\/forklog.com\/wp-content\/uploads\/2-378-300x187.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/p>\n<p id=\"caption-attachment-124000\" class=\"wp-caption-text\">Hypothetical trajectory of uSTONKS-MAR21. Data: <a href=\"https:\/\/medium.com\/uma-project\/ulabs-and-ustonks-7a6ba1ed8eb3\" target=\"_blank\" rel=\"noopener noreferrer\">UMA Project<\/a>.<\/p>\n<\/div>\n<p>The contract will be calculated in USDC. 1 point will correspond to 1 USDC. The collateral ratio will be 1.25.<\/p>\n<p>Trading will run 24\/7. The reference prices for the stocks will be their values on the NYSE, NYSE Arca and NASDAQ.<\/p>\n<p>uSTONKS will not account for dividends paid. In the event of a stock split, the index value will be recalculated.<\/p>\n<p>If approved by the UMA and YAM Finance communities, the launch of uSTONKS with a March 31 expiry at 16:00 UTC will take place on the Degenerative Finance platform.<\/p>\n<p>Following the announcement, the platform&#8217;s native YAM token rose at one point by 25%, and UMA by more than 150%, according to <a href=\"https:\/\/www.coingecko.com\/en\/defi\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a>. The latter ranked 23rd by market capitalization among DeFi projects.<\/p>\n<p>Earlier in the day, the YAM <a href=\"https:\/\/forklog.com\/en\/news\/yam-defi-protocol-token-with-600m-in-assets-plunges-99-in-24-hours\">promised to launch version 2.0 of the protocol<\/a> after the discovery of a vulnerability and the collapse of the native token.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UMA decentralized derivatives platform, in collaboration with YAM Finance, has put to a vote a proposal to launch the uSTONKS synthetic contract. It is a basket of ten stocks most discussed in the r\/WallStreetBets community on Reddit.<\/p>\n","protected":false},"author":1,"featured_media":35873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1093,1243,2096],"class_list":["post-35872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-defi","tag-gamestop","tag-uma"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35872"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35872\/revisions"}],"predecessor-version":[{"id":35874,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35872\/revisions\/35874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35873"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}