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Umoja launches the beta version of the hedging platform
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Umoja launches the beta version of the hedging platform

Feb 14, 2024

Umoja has made a breakthrough in the digital assets sector by launching the beta version of its "Hedging as a Service" platform. This move is aimed at simplifying and automating the hedging process for a wide range of digital assets, making complex risk management tools accessible to a broad audience, including crypto enthusiasts, professional traders, and retail investors.

Umoja aims to become the "Source of Risk Financing," decentralizing the hedging not only of cryptocurrencies but also of real-world assets such as fiat currencies, digital bonds, real estate, and commodities. Initially conceived as a microfinance platform for emerging markets, the platform has adapted to the needs of the DeFi space, offering accessible hedging solutions.

Umoja's founder, Robbie Greenfield, expressed enthusiasm about the beta launch, highlighting its significance for the future of secure and stable cryptocurrency investments. The beta version introduces the concept of dynamic loss coverage for popular cryptocurrency assets, allowing investors to flexibly hedge risks.

Umoja significantly lowers the barriers to entry into hedging, requiring only 10% of the returnable collateral to start coverage, making risk management accessible to a wider audience. This approach not only democratizes hedging in the crypto space but also provides investors with a "safety belt" for navigating volatile DeFi markets.

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