Umee cross the Defi Wave

What is Umee?

Umee is a cross chain DeFi hub that interconnects between blockchains.

As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. The Umee Blockchain facilitates interoperability for a Tendermint Proof of Stake protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols.

As a Cosmos SDK blockchain, the Umee Network is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.

The native Umee token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.

Umee Overview

Umee is a cross chain DeFi hub, a universal, permissionless platform meant to serve all types of users and projects throughout their DeFi journeys. Umee provides users with the ability to easily lend and borrow across different blockchains. As a base layer DeFi protocol, Umee will provide the necessary infrastructure for users and builders to access cross chain leverage and liquidity.

Why Umee?

Umee is a Base Layer DeFi Hub

The Umee Blockchain is the foundational infrastructure for a wide ecosystem of DeFi protocols. Utilizing a fast finality consensus protocol based on Tendermint Proof of Stake, Umee offers a flexible mix of speed and efficiency for blockchain transactions. As blockchain is building out a new social, political, and economic framework for society, Umee is creating a new DeFi layer for cross chain lending and borrowing.

Umee Introduces PoS to Global Debt Markets

The Global Debt Market is a $281 trillion USD ecosystem. Umee offers the foundational building blocks for onboarding global debt into DeFi. By creating primitives and tools for allowing new leverage components and interest rates, Umee will onboard new markets and ecosystems into crypto and become the leverage facility for the blockchain world.

Umee Offers Cross Chain Interoperability

Umee utilizes IBC, the flagship Cosmos protocol for cross chain communication, in order to facilitate fast finality transfers of tokens from one blockchain to another while eliminating the need for multiple block confirmations or excessive time delays. Umee also utilizes Gravity Bridge for interconnecting between fast finality and probabilistic finality networks. Transactions made on the Umee blockchain can natively interact with other blockchains.