Welcome to Umoja Protocol.
We’re the building blocks for anyone to build smart money— money that does more for you with less effort and expertise.
Here’s everything you need to know to go from ‘dumb money’ to ‘smart money’, right now.
Getting Started
Opening a position requires connecting your wallet to the Arbitrum Mainnet and having $USDC and just a small amount of ETH for gas fees. USDC is required for collateral down payment when opening a position. If you need $USDC and ETH on the Arbitrum mainnet, you can bridge here.
Now, let’s get to the fun part.
Umoja Synths (synthetic options) allow you to take a leveraged bet on the future price of an asset with zero liquidation risk, offering far greater flexibility and capital efficiency than traditional options.
When using Umoja you can run 2 different types of Synths (aka synthetic options). Your choice of Synth will depend on your preferred trading strategy informed by your perspective of the market direction. With Umoja, you can HEDGE or BOOST.
Hedging is like a financial safety net. It’s basically a strategy to protect you from a drop in prices when you think the market is going down.
With Umoja, you can lock in your gains by placing a hedge (synthetic put option).
Boosting is similar to what you might know as a ‘call’ option. You are basically betting that the price of an asset will increase without having to own or buy that particular asset.
With Umoja, you can use a BOOST (synthetic call option) to take a leveraged long position without the risk of liquidation.
Here’s how to create a Hedge:
(The numbers below are not trading advice and are for educational purposes only).
Go to protocol.umoja.xyz.
Step 1: Click “Hedge” at the top of the form.
Step 2: Select a token from the list and the amount that you want to protect from market loss.
Step 3: Choose a date or the duration you want your protection to last until. The date you select on the calendar is when your market loss coverage will end, or in other words, when your hedge will expire (specifically at 11:59:59PM on the date you select).
Step 4: Choose your strike price, meaning the price you want your protection to start at. Take a look at the current price of the token for reference.
Step 5: This is optional, but helpful. If you want to view more information on what a Collateral is and how it works, click ‘Learn more’
Step 6: Review Hedge Details: Click "Details" to see a summary of the collateral required, fees, and Total down payment amount.
Step 7: Connect your wallet and approve the transaction. You will be redirected to the Hedge details page in your Dashboard when the transaction is complete.
Here’s how to create a BOOST:
(The numbers below are not trading advice and are for educational purposes only).
Go to protocol.umoja.xyz.
Step 1: Click “BOOST” at the top of the form.
Step 2: Select a token from the list and the amount that you want to bet.
Step 3: Choose the duration for the length of your BOOST. The end date is when your Boost will expire (specifically at 11:59:59PM on the date you select)."
Step 4: Choose your strike price: Your strike price represents the price above which a BOOST is activated.
Step 5: This is optional, but helpful. If you want to view more information on what a Collateral is and how it works, click ‘Learn more’.
Step 6: Review BOOST Details: Click "Details" to see a summary of the collateral required, fees, and Total down payment amount.
Step 7: Connect your wallet and approve the transaction. You will be redirected to the details page in your Dashboard when the transaction is complete.
And that’s it! Once you’ve created your HEDGE or BOOST+ you will be redirected to a page that shows you the details of your HEDGE or BOOST+. You can always defer back to this page to check on how your Synth is doing.
Now you’re an official Umojan! If you have any questions, join our telegram and ask away!