Umoja is a DeFi protocol that simplifies the creation of structured financial products, aiming to eliminate financial literacy as a barrier to global fiscal wellness by automating money itself. To accomplish this, Umoja tokenizes asset management strategies, called “Synths.” Synths can be used to automate financial strategies for end-users, or to construct new, hyper-competitive assets.
For example, an ETH call-option Synth can be incorporated into an ERC-20 smart contract alongside stETH, ensuring that stETH’s accrued yield is consistently reinvested into the ETH call-option Synth. This strategy aims to amplify its returns during an ETH bull market. This innovative token, referred to as ‘boosted stETH’ or bstETH, could offer higher returns than its native stETH while maintaining the same liquidity level.
