Umee is a cross chain DeFi hub, a universal, 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. As a base layer DeFi protocol, Umee will provide the necessary infrastructure for users and builders to access cross chain leverage and liquidity.
UMEE is the native Proof of Stake token of the Umee Blockchain. Blockchain participants use the token to pay for computation fees and to reward validators for providing Tendermint BFT consensus towards processing network transactions. The token is also a governance token for making decisions about the protocol configurations of Umee, parameters of the DeFi applications, as well as product and program proposals.