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.
With a project about Lending & Borrow, it will definitely have to have a loan and loan feature. Umee will be a cross-chain platform that makes it easy for anyone to mortgage assets in one blockchain to borrow assets in another.
Borrowers can completely borrow on many different blockchains with the only condition of depositing enough collateral.
A pretty cool feature on this platform is that users can use staked assets as collateral. Therefore, raising capital becomes easier than ever.
Umee has a mechanism, when users stake tokens on different PoS platforms, users can completely use the reward when staking to pay for the interest that users borrow.
On a Lending & Borrow platform, user roles on the Umee platform will have 3 parts: