Allinstation 
What is Umee?
Umee is a Lending & Borrow platform built on the Cosmos ecosystem. Additionally, Umee is a Cross-chain platform that allows users to lend and borrow across different blockchains. Umee will use IBC as a Layer 0 protocol to communicate and interact with other blockchains. Umee also uses Gravity Bridge to connect with the Ethereum ecosystem.
Interface on Umee’s website: https://umee.cc/
Features of Umee
For a project focused on Lending & Borrow, it must have lending and borrowing features. Umee will be a cross-chain platform that allows everyone to easily collateralize assets on one blockchain to borrow assets on another blockchain.
Borrowers can borrow on multiple blockchains with the only condition being to provide sufficient collateral. A notable feature of this platform is that users can use staked assets as collateral, making capital mobilization easier than ever. Umee has a mechanism where users staking tokens on different PoS platforms can use the staking rewards to pay the interest on their loans. On a Lending & Borrow platform, user roles on the Umee platform are divided into three parts:
• Lender: Users will deposit their tokens into the Cross Chain Capital Facility for others to borrow. When depositing assets, lenders will receive two types of tokens: uTokens (Lending assets + interest) and meTokens (Staked assets + staking rewards). These tokens represent the type of assets they use for deposits.
• Borrower: Borrowers must provide sufficient collateral, and the loan must be of lesser value than the collateral. Users can also use uTokens and meTokens as collateral for loans from the Cross Chain Capital Facility.
• Collateral Management: This protocol monitors the collateral related to the borrower’s position. It is used to ensure that loans are lower than the collateralized assets.
Highlights of Umee
Umee will integrate Gravity Bridge to facilitate the transfer of assets between Cosmos and Ethereum more easily. This Gravity Bridge module will be a crucial component of Umee. Users can optimize their capital flow when using Umee. The reason for this is that you can use your staked tokens to borrow on Umee and use them as collateral. You will still receive token rewards from staking while being able to use Umee to borrow more and raise additional capital. Umee is built on the Cosmos ecosystem and leverages the IBC protocol as layer 0, which gives Umee a significant advantage when integrated into the IBC protocol. Umee will support lending and borrowing across multiple chains, allowing users to lend on the Ethereum blockchain and then borrow on Cosmos.
Basic Information about the Token
• Token Name: Umee
• Ticker: UMEE
• Blockchain: Cosmos
• Token Standard: Updating…
• Contract: Updating…
• Token Type: Updating…
• Total Supply: Updating…
• Circulating Supply: Updating…
Token Utilities
- System Governance: Umee holders can submit and vote on proposed changes to the protocol, including fee adjustments, minting or burning Umee tokens, and other changes. Umee holders have the right to delegate voting if they do not wish to participate.
- Staking Liquidity Pools: Umee token holders can provide their tokens by default to the liquidity pool, thus earning a portion of the fees from activities occurring in this liquidity pool.
- Network Fees: Umee holders can earn a portion of the fees that borrowers and liquidity providers pay to the Umee protocol. Network fees will be periodically distributed to Umee holders.
Token Allocation
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Roadmap
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Team, Investors, Partners
Team
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Investors
Umee has completed a funding round, raising $6.3 million with leading investment funds such as Coinbase Ventures, Alameda Research, Polygon Capital, Tendermint,…
Conclusion
Umee will be available for sale on Coinlist with a registration deadline of 00:00, December 1st (Vietnam time).
Allinstation has provided you with detailed information about the Umee project and UMEE token. Please explore and evaluate the project to make the most informed investment decisions. Good luck!!!
