Decentralized financial contract platform UMA launches a new token Yield Dollar to provide lending services

Decentralized financial contract platform UMA has launched a new token, Yield Dollar. Yield Dollar is an asset similar to a stable currency, but the difference from stable currency includes that the token has an expiry date, the value of which is close to 1 USD, and Features such as redeemable mortgage assets in time. At the same time, the token can provide fixed-rate fixed-term loans in the lending field. UMA stated that Yield Dollar will have many possible forms. Currently, the first Yield Dollar token yUSD-SEP20 has been launched and put into use.