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🎄 Umee 🌊 — What is it?

3 min readDec 21, 2022

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Hello friends! today I will tell you what Umee, give you some useful links and a mini-guide. Let’s go!

Umee — crosschain DeFi project , 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.

Umee has its own “university”, where you can learn more about all the advantages, it will answer any of your questions https://umeeversity.umee.cc/

Umee is designed to solve problems in DeFi, such as :

  1. Separate outputs
  2. Concentrated systematic risks;
  3. Isolated capital

What can Umee do?

  1. Supplying & Withdrawing
  2. Borrowing & Repaying
  3. Staking UMEE

Go to the website and study Umee more deeply

https://app.umee.cc/

Supplying & Withdrawing

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UMEE holders can earn more tokens by delegating their assets to other validators to help secure the Umee blockchain in return for a proportional share of block rewards. Moreover, staking allows users to vote on governance proposals

What to do: you need to connect a Kepler wallet, use the Markets tab to transfer the desired token, the fee will be small.

Then select the token on the dashboard tab and click Supply

You can view the Supply and make changes in the Dashboard tab

Next, I will tell you in less detail about the other functions

Borrowing & Repaying

After providing assets, users can borrow assets from the Umi market, as well as partially or fully repay the loan, at any time. Users must have a compatible wallet and a user token balance to pay fees on the network.

Staking UMEE

Umee owners can earn more by delegating their assets to other validators. This is the safest way for holders

Now Umee has come to Crew3, where you can perform special tasks related to Umee, try to use yumi and even earn a little. Follow the link and start as soon as possible https://umee-crosschain.crew3.xyz/invite/W5QwJA670YyCIjBgZ2Olr

If you still have questions, feel free to write to me in Discord Cryptosquare#1045 or Twitter @Nfttipbro

Social networks of Umee

Discord https://discord.gg/umee

Twitter Umee 🌊 (@Umee_CrossChain) / Twitter

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