Umee UMEE Price 0.00615154

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


The yields are detached. The systemic risks were 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. Eventually, Umee is going 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 in the future.

Who are the founding fathers of Umee?
The founder of Umee was a former contributor to the Ethereum platform.


What makes Umee unique?

The Tendermint proof-of-stake consensus mechanism provides a mix of speed and efficiency that allows 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 debt instruments.
They are used for liquid staking positions. A trader can use the meToken to open another position in another platform if they have a staked position on one of the blockchains. There is a similar function for assets lent through the platform's Universal Debt Facility.

There are pages related to this.
You can check out the base layer.
You can check out Raydium, the exchange of the Solana blockchain.
We're going to dive into the biggest protocols on the platform.
The latest trading insights and news can be found on the blog.

How many Umee coins are in circulation?
The UMEE token is used for consensus validation in the network's PoS architecture. It accrues network fees from token swaps and is used to pay for gas on Umee.


For eight to ten months depending on the sale option selected, the public sale is vested linearly. One year linearly is the community's percentage. 1% vested linearly for six months, while the remaining 13% vested linearly for eighteen months. A six-month cliff is vested linearly for thirty months. The cliff was 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, vested linearly for eight years. Advisors vested a six-month cliff for thirty months.
The staking participation rate will affect token inflation. If the staking rate exceeds the target, the inflation can be reduced to 7%.

How is the Umee network secured?
A layer-1 chain called "Blockchain 3.0" is described by Umee as its interoperability.

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

Where can you buy Umee?
UMEE is available on a number of exchanges.
You can read more about how to buy cryptocurrencies in our guide.