You can lend UMA to a qualified custodial lending provider and earn an APY.

The Risk Labs Foundation initially created 100M UMA tokens. The token distribution is as follows:

Risk Labs Foundation deposited 2,000,000 UMA tokens into a Uniswap liquidity pool
35,000,000 tokens will be distributed to developers and UMA users. The mechanics of this distribution have not been finalized.
15,000,000 tokens were allocated to investors
33,500,000 are held by Risk Lab’s Founders and early contributors. All individual token grants are subject to a 4-year vesting schedule
14,500,000 are reserved for future token sales

Based on current market examples you can earn around 3% APY for lending your UMA.

There are risks associated with using a custodial lending provider, please research appropriately.

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal to enable users to transfer risk across the internet without the need of central authorities.