We are excited to announce the Umee network, a Cross Chain DeFi protocol for connecting between different blockchains.

Our current crypto ecosystem is disjointed. There are pockets of liquidity across many different blockchains that work in silos. Yields are disconnected across ecosystems and capital still counts on centralized components to flow across networks. In order to fulfill the broader vision of interoperability between blockchain networks, there needs to be a Cross Chain DeFi hub to facilitate this activity. Welcome to Umee.

Background of Umee

Umee was born out of an environment where DeFi was determined to be the most innovative concept in crypto. With contributions from advocates in both the Cosmos and Ethereum communities, the idea was to create broader cross chain defi markets where assets on one blockchain could be used to interact with assets on another blockchain. Initially implementing a cross chain borrowing and lending framework, this vision has evolved to encompass broader forms of DeFi and open finance.

Umee is built by blockchain infrastructure engineers, software architects, protocol researchers, defi strategists, TradFi apologists, and an open source network of contributors that wish to see the next generation of crypto innovation.

Cross Chain Infrastructure

Umee will utilize the IBC protocol that was created out of the Cosmos ecosystem. The protocol acts as a standardized transport, authorization, and ordering layer between blockchain networks, and is a layer 0 protocol that connects between all fast finality networks.