## Headers
| UMIP-95 | |
|------------|----------------------------------------------------------|
| UMIP Title | Add EURUMA, GBPUMA, CHFUMA, CADUMA, JPYUMA, ZARUMA, KRWUMA, NGNUMA and PHPUMA as price identifiers |
| Authors | Pascal Tallarida (pascal@jarvis.network) |
| Status | Approved |
| Created | 09/05/2021
| Discourse link | https://discourse.uma.xyz/t/add-eur-gbp-chf-cad-jpy-etc-vs-uma-price-identifiers/1062 |
## Summary
The DVM should support price requests for the EUR/UMA, GBP/UMA, CHF/UMA, CAD/UMA, JPY/UMA, ZAR/UMA, KRW/UMA, NGN/UMA and PHP/UMA price indexes.
## Motivation
The DVM currently does not support these Forex price index to allow minting synthetic EUR, GBP, CHF, CAD, JPY, ZAR, KRW, NGN and PHP with a $UMA collateral. This would allow us to scale our synthetic asset offering and the use of $UMA as collateral for more sytnhetic fiat.
### Data Specification
To construct these price feeds we need to combine the price of UMA agaisnt USD with the price of USD against one of these currencies.
UMA/USD: Cryptowatch provides a free tier API for the price of UMA agaisnt USD (665 queries per day; the price update frequency is 60 seconds), and allows to query prices from various sources (Coinbase, Binance, Okex, Uniswap). To construct the UMA/USD price feed, we will calculate the median price between the three data sources used in the UMIP 57: Coinbase (USD), Okex (USDT) and Binance (USDT).
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