Umee. Price of cryptocurrency: $ 0.00615154

What is the name of the person?
A universal cross-chain Defi hub can be created with the help of Umee. It is a base layer for future DApps and money. Thanks to the interoperability of the Tendermint Proof-of-stake consensus mechanism used, the Umee blockchain can be integrated with other protocols.


The yields are detached System risks have been concentrated. The capital is isolated
By introducing solutions that increase capital efficiency and break the siloed structure of different blockchain ecosystems, Umee plans to enable cross-chain lending and borrowing, staking, and cross-chain Defi rates. Eventually, Umee is to become a hub for all things DeFi, which connects various ecosystems all under the same umbrella.
The lending and borrowing app will be available on different blockchains.

Who are the people who founded Umee?
The founder of Umee was a former contributor to the ethereum platform.


What makes Umee different?

The Tendermint proof-of-stake consensus mechanism provides a mix of speed and efficiency that enables Umee to create a credible base layer for cross-chain lending and borrowing.

The Universal Debt Facility is a base layer lending protocol that allows developers to deploy their own custom debt instruments.
Umee's meTokens are used for liquid staking positions. A trader can use the meToken to open a new position in another platform if they have a staked position on one of the Umee platforms. The platform's Universal Debt Facility has a similar function for assets lent through it.

There are related pages.
You can check out the base layer of Umee.
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How many Umee Coins are in circulation?
The native governance token UMEE is used for consensus validation in the network's PoS architecture. It also accrues network fees from token swaps and is used to pay for gas on Umee.


For eight to ten months, the public sale is vested linearly. The community is linearly one year. 1% vested linearly for six months while the remaining 13% vested linearly for eighteen months. The six-month cliff was vested linearly for thirty months. The cliff is vested linearly for eighty-four months. The community governance will decide how to use these token to best incentivize developers to build on top of the Umee blockchain for eight years. The six-month cliff is vested linearly for thirty months.
The staking participation rate will have an effect on token inflation. If the staking rate exceeds the target, inflation can be reduced to 7%.

How is the network secured?
A layer-1 chain called "Blockchain 3.0" is described by Umee as it is built on the Cosmos block.

Is it possible for Umee to reach $1?
UMEE reached an all-time high of $0.35 after its IDO, but has corrected since. The project's ability to connect with different DeFi protocols will affect the price development in the future.

Where can I buy Umee?
UMEE can be found on FTX, Gate.io, and MEXC.
If you want to learn more about buying cryptocurrencies, you can read our guide.