Umee is a layer-one blockchain built on Cosmos that aims to create a universal cross-chain DeFi hub by addressing the three main issues plaguing DeFi today: By introducing bridging solutions that increase capital efficiency, Umee plans to enable cross-chain lending and borrowing, staking, and cross-chain DeFi rates. In its roadmap for 2022, Umee plans to deploy its lending and borrowing app on different blockchains like BSC, Solana, Polygon, Arbitrum, and Optimism. The project also features Universal Debt Facility, meTokens, and uTokens. UMEE is the governance token used for consensus validation and network fees. The token has a total supply of 10 billion, and the community can decide to use platform fees for buybacks and burns of UMEE.