Mhairi
March 3, 2022, 3:24pm
1
The DVM should support price requests for uSPAC10 price identifier10 most active SPACs (Special Purpose Acquisition Companies) shares.
## HEADERS
|UMIP-140 | |
|:-------------|:-----------------------------------------------------------------------------|
|UMIP title|Add uSPAC10 as price identifier|
|Author|BinomFX (binomfx@gmail.com)|
|Status|Last Call|
|Created|20.10.2021|
|Discourse Link|https://discourse.uma.xyz/t/add-uspac10-as-price-identifier-for-emp-contract/1357?u=binomfx|
## SUMMARY
The DVM should support price requests for uSPAC10 price identifier<br>
The purpose of these price identifier is to create synthetic token, price of which is linked to the value of index of **10** most active SPACs (Special Purpose Acquisition Companies) shares.<br> That synthetic token can be used for creating speculative strategies at IPO market.
## MOTIVATION
A synthetic token that tracks the index of the 10 most active SPACs stocks can be used for speculative purposes and allows the user to earn on price movements in one of the most interesting markets without centralized intermediaries such as exchanges and brokers.<br>
In addition, that token can be used as components associated with classical markets by other DeFi and DApp protocols, which makes it possible to scale.
## TECHNICAL SPECIFICATION
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