Umee (UMEE)

Umee provides users with the ability to easily lend and borrow across different blockchains.

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 11-2021

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• From Citadel One (15-2-2022):

"Umee has only conducted a public sale on Coinlist. The UMEE token is currently UNAVAILABLE for purchase. The Coinlist public sale has ended, and the TGE is expected to happen in mid-February, 2022."

Token Allocation

• From Citadel One (15-2-2022):

"There is a total supply of 10 billion UMEE tokens, uncapped, with an inflation and deflation mechanism in place to align the UMEE token distribution with long-term Umee supporters over time."

Utility

• From Citadel One (15-2-2022):

"The main purpose of the UMEE token is to power the PoS consensus of the Umee blockchain while allowing the community to use and govern Umee and the applications built on top."

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum (11-2021) with Polygon, Arbitrum, Optimism, Solana and BSC in the works (2-2022).

Upgrades

• From Figment (26-10-2022):

"Umee announced their mainnet upgrade of the native lending and borrowing module, compatible with +40 IBC-enabled blockchains in the Cosmos ecosystem. This brings a whole new user experience making possible to leverage all Cosmos and Ethereum assets quickly and cost-effectively on the Umee blockchain."

Interoperability

• From Citadel One (15-2-2022):

"The UMEE token will exist in both ERC20 and Cosmos SDK format. If users want to convert from one blockchain to another, all they need to do is to go to the Umee Application page and use the convert function through Umee’s gravity bridge; such transactions will take sub minutes."

Roadmap

• Can be found [Insert link here].
• From Citadel One (15-2-2022):

"2021 October: Umee Network Deployment (Completed)

2021 October: Umee Ethereum Lending and Borrowing Application (Completed)

2021 November: Umee Network and Gravity Bridge Deployment (Completed)

2021 November: Umee Alpha Mainnet Launch (Completed)

2021 December: Umee Base Functionality Deployment on Testnet (Completed)

2021 December: Security Audits (Completed)

2022 January: Umee Network Lending and Borrowing Application testnet

2022 February: Umee Base Functionality Deployment on Mainnet and Token Launch

2022 March: Umee Lending Facility Upgrades

2022 April — Onward:

-Umee Polygon Lending and Borrowing Application

-Umee Arbitrum Lending and Borrowing Application

-Umee Optimism Lending and Borrowing Application

-Umee Solana Lending and Borrowing Application

-Umee Binance Smart Chain Lending and Borrowing Application

-Protocol developments on top of Umee: meTokens, staking curves, defi debt protocols

-Cross-chain lending and borrowing applications onto more networks"

Team, Funding and Partners

Team

• Full team can be found [here].
• Brent Xu; founder and CEO. He previously worked for Consensys and Tendermint. Furthermore, he has experience in trading bonds on Wallet Street (15-2-2022).

Partners

• Part of the Cross Chain Coalition (27-10-2022)

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