UDX
UDX - A platform serving as the official, institutional loan DAO of Umee, which offers loans with a fixed term and for verified borrowers.
Advantages and functions of UDX
Fixed term loans
Optimal conditions for lenders and borrowers will be achieved by setting up a fix-term loan.
To borrow stable coins, the borrower will only need a security deposit in the form of a protocol token, and interest payments can be made both in the form of an underlying asset and in the form of a payment of a protocol token.
Cryptanalysis
Experts from the Guardian Guild will be hired to analyze a borrower's creditworthiness and will be judged on the quality of their loans as well as the quality of their loan agreements.
The Guardian Guild is a group of experts responsible for analyzing a borrower's creditworthiness prior to issuing a UDX loan.
Benefits for lenders
There are two pools for lenders:
The difference between the two is that the Public Pool is open to deposit by any user, while the Private Pool is only for users who have gone through the White List process, which is controlled by the Guild of Guardians.
Private Pools may offer more favorable terms with different estimated duration and degree of risk.
At the Public Pool, the rates for lending assets, depending on supply and demand, do not fluctuate, they are fixed.
Benefits for Borrowers
For PoS (Proof of Stake) Validators
To accelerate the adoption of PoS for the entire Web3 crypto industry, UDX credits will be provided to key validation service providers. And also in the future it is planned to support such PoS blockchains as:
UDX allows trusted Custodian Providers to manage risk, act as borrowers or lenders.
With the use of UDX services, funds and builders can plan their growth and investment strategy due to the fact that the duration of the loan is adjustable and has fixed terms.
Secured UDX loans can be used by DeFi protocols and ecosystems (trusted, time-tested) to strategically acquire or expand their ecosystem.
About Umee
Umee is a decentralized financial DeFi hub built for cross-chain interaction between networks. As a base-level blockchain, applications and monetary primitives can be built on Umee to allow access to cross-chain leverage and liquidity. The Umee blockchain facilitates the interoperability of the Tendermint Proof of Stake protocol with the Cosmos ecosystem, the Ethereum network, sidechain architectures, second layer extensions, and alternative base layer protocols.