Discover and read the best of Twitter Threads about #Umee
Most recents (3)
Remember those trucks?
@axelarcore general message passing (GMP) is available between Cosmos and EVM chains👀
"Axelar's launch of Cosmos GMP will allow for all EVM chains to send packets from Cosmos to Ethereum. While allowing for them to be executed there & vice versa"
(1/)
@axelarcore general message passing (GMP) is available between Cosmos and EVM chains👀
"Axelar's launch of Cosmos GMP will allow for all EVM chains to send packets from Cosmos to Ethereum. While allowing for them to be executed there & vice versa"
(1/)
Per @sergey_nog
"With GMP coming to the Axelar network, you can relay any information efficiently and securely across chains. You can deploy a custom cross-chain token, NFT, relay transaction info, or perform general contract calls"
(2/)
"With GMP coming to the Axelar network, you can relay any information efficiently and securely across chains. You can deploy a custom cross-chain token, NFT, relay transaction info, or perform general contract calls"
(2/)
Relevant threads and announcements from respective teams:
@sommfinance - When multichain? Now!
"Sommelier will be able to pass any information to an L2 like Arbitrum One."
(3/)
@sommfinance - When multichain? Now!
"Sommelier will be able to pass any information to an L2 like Arbitrum One."
(3/)
1/🧵 What is @Umee_CrossChain & why is it key to unlocking DeFi for Web3?
Problem: interest rates in crypto are entirely based on narrowly focused supply & demand data.
Solution: build crypto aggregated term structures that use time-to-maturity & credit-worthiness
Read on 👇
Problem: interest rates in crypto are entirely based on narrowly focused supply & demand data.
Solution: build crypto aggregated term structures that use time-to-maturity & credit-worthiness
Read on 👇
2/🧵 How does #Umee do this?
There is an entire ecosystem of uTokens that are claims on constantly accruing interest (in the form of uTokens). uTokens can simultaneously be used as collateral.
#ATOM
There is an entire ecosystem of uTokens that are claims on constantly accruing interest (in the form of uTokens). uTokens can simultaneously be used as collateral.
#ATOM
3/🧵 #Umee will also features meTokens which are essentially staking derivatives except the interest stream accrues in the form of meTokens (such as meATOM) that can then be used elsewhere in DeFi
The price of $ATOM has taken a beating over the past couple of weeks, possibly because it somewhat lacks a clear utility. Let's see why the implementation of a Hub model is likely to change that for forever 🧵
First let's remind everyone that the value of $ATOM is not just represented by the price of the coin. In fact most of it's value so far has been in the form of generous airdrops distributed to stakers by the projects building on Cosmos
And right now, all of these chains participating in IBC must implement each other’s light clients. So with N blockchains, you need N * (N-1) implementations.
