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Umee Introduction: a Cross-Chain Lending Platform
Jake Kennis


  • Umee is a cross chain lending platform built out on the Cosmos SDK and secured via Tendermint consensus. It differentiates itself from other money markets because it allows users to deposit staked assets as collateral on Cosmos and borrow against it for other assets on other chains, and vice versa. Hence, the staking yield of the collateral asset can be used to pay off your loan (self repaying), used to create a leveraged position, or to DCA into a specific asset over time.
  • Umee sounds similar to Alchemix but rather than using Yearn vaults to generate yield, they use the staking rewards for the collateral asset to create more complicated strategies.
  • They are expected to launch in February 2022 and are airdropping $UMEE...