DAO in Umee

Each user has faced restrictions on his freedom of speech and expression. There is also a huge number of unjustified blocking of accounts in web2 social networks. That’s why we users are interested in changing web2 technologies to web3. The transformation is already happening, it is among us. This will allow us to feel the fairness of decision making and experience all the benefits of blockchain technology,

Your attention is the Umee project.

Umee is the base layer of the blockchain that provides access to inter-chain leverage, liquidity and debt instruments. This facilitates the interaction between the Cosmos, Ethereum Ecosystems. The outgoing year showed that many CeFis blocked users’ assets under the influence of the hegemony of politics and the state. In fact, there has been and is the infringement of human rights and the theft of their assets based on their nationality. But the motives of the DeFi existing on the market are by no means altruistic either. That’s why Umee has an important mission to build a term structure for crypto that uses time to maturity and creditworthiness to determine rates.

DAO is a new type of organizational model to ensure transparency and distribution of decision-making powers among all participants in the process. Who are the active participants in the decentralized autonomous organization?

Authors play a key role in the birth and growth of the web. Developers must launch a new blockchain, create an actual product. , Educators are needed to help and attract new users. Liquidity providers are essential for DeFi. There are many ways to contribute, and DAOs often attract and retain talented contributors by giving them a voice in the direction of a project. Validators are responsible for the actual management and protection of the network, which usually takes time, skill, and running costs. The Umee blockchain itself is a DAO that uses an on-chain governance process and is managed by the UMEE token. Anyone who stakes UMEE tokens is able to participate in protocol governance and help make important decisions to determine the future of the network.

The Umee control defines things like:

What assets are listed on Umee;
How should incentives be distributed to extract liquidity;
How Umee communities and ecosystem pools are used;
Formation and funding of SubDAO and other public initiatives;
All technical parameters related to the Umee blockchain and UMEE token.

More information:

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