UMIP 150 -Add UMA as collateral currency on Polygon

Mhairi · March 3, 2022, 3:44pm

This UMIP proposes adding UMA on Polygon for use as collateral in UMA contracts.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-150.md

**UMIP-150**

-   **UMIP title:** Add UMA as collateral currency on Polygon 
-   **Author:**  Geoff (stadnykgeoff1@gmail.com)
-   **Status:** Last Call
-   **Created:**  15 February 2022
-   **Discourse Link:** https://discourse.uma.xyz/t/create-add-uma-as-collateral-currency-to-polygon-md/1408 

## Summary (2-5 sentences)

This UMIP proposes adding UMA on Polygon for use as collateral in UMA contracts.

## Motivation

The addition of this collateral currency offers additional functionality to the UMA protocol and increases the range of contracts that can be built.

## Technical Specification

To accomplish this upgrade, the following changes need to be made:

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UMIP 150 -Add UMA as collateral currency on Polygon

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