Umee Recap 2022
FIRST QUARTER
Partnership with Composable Finance
Composable Finance is a cross-chain and cross-tier platform for collaboration in the Picasso ecosystem.
The partnership needed to expand cross-chain ecosystems in DeFi.
By interacting with Composable and using the Centauri Bridge, Umee can further increase the supply of assets and liquidity on the blockchain, and by leveraging the infrastructure built by Umee and Composable, lenders and borrowers will be able to successfully navigate the cross-chain to fulfill their goals.
Umee Launches Web App on Testnet
Umee releases the web app on the testnet. With the web application test, you can experience the application in person, which is very convenient for inexperienced users, and learn more about how to use Umee's cross-network lending and borrowing features in Cosmos Hub, Umee blockchain and Ethereum.
Umee Rebranding
Umee is updating its brand on its social media platforms and is launching a new website.
Umee launches on Mainnet
Umee is launching a mainnet to open the door to cross-network lending and loans for users.
Users will be able to lend and borrow assets from different ecosystems (originally on Umee), as well as the ability to access large amounts of liquidity and diversified income sources, thanks to the Cosmos SDK infrastructure and bridging technologies.
Umee launches liquidity pools on Osmosis
Umee launches a liquidity pool on the Osmosis decentralized exchange on the Cosmos blockchain. The advantages of this exchange are very fast speed and very low commissions.
SECOND QUARTER
Launch of the incentivized testnet Umeemania
Umee is launching the Umeemania testnet, which focuses on Umee's next update: a Cosmos-based credit module, as well as security and UX improvements.
Umee Validator DAO Announcement
Umee is announcing the Umee Validator DAO, which will be fully led and managed by the Validator DAO Committee, a volunteer group from the active Umee mainnet validator community.
The main responsibility of the Umee Validator DAO is to analyze the validator's contribution and make important delegation decisions to the Umee Foundation.
Umee Connects MakerDAO DAI Stablecoin to Cosmos Ecosystem
DAI is a stablecoin with a $6 billion market cap and a 5 year history of stability and reliability.
Umee's Gravity Bridge brings DAI stablecoin into the Cosmos DeFi ecosystem, allowing it to be borrowed and lent on Cosmos.
Umee partners with Forta
Forta is a Web3 security solution
Umee has partnered with Forta for comprehensive security and monitoring. Through this collaboration, Umee will be able to resolve technical issues quickly and in a timely manner.
THIRD QUARTER
Umee partners with Halborn
Halborn is a leading cybersecurity consulting firm
Halborn will provide audit services to Umee for 5 months. He will assist Umee with the audit and implementation of technologies and processes to ensure the highest degree of security, as well as provide risk assessments and recommendations.
Ojo Announcement
Ojo is a decentralized price oracle built on the Umee blockchain.
Umee is building a decentralized price oracle for Cosmos that allows applications to accurately determine the price of an asset at any given time. It will help to connect data and information both outside the network and inside it.
Umeemoji Announcement
Umee announces a contest for users, with awards for the creators of the best emoji for Discord.
FOURTH QUARTER
Launch of UDX - The Institutional Lending DAO
Announcement of the official launch of UDX, Umee's institutional lending DAO that will create the first ever flexible yield powered by DeFi.
Umee: Mainnet Update
Upgrading the Umee mainnet for its own lending and borrowing module will enhance users' lending and borrowing capabilities, and allow them to quickly and cost-effectively use all Cosmos and Ethereum assets on the Umee blockchain.
WETH, WBTC и DAI
Cosmos users can now lend and borrow WETH, WBTC and DAI from Umee and make it work without leaving the Cosmos ecosystem. Umee has also teamed up with Axelar to make it easy to securely transfer axlWETH, axlWBTC or axlDAI from other Cosmos chains, or directly from Ethereum, without the use of centralized intermediaries.
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.