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UMEE
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Rewards after 1y
What is UX Chain Staking?
Umee staking is the process of locking your UMEE tokens to a validator on the network, to contribute to consensus on the UX blockchain. In return for staking, you earn rewards, proportional to the amount of UMEE tokens you have staked. The current reward rate for staking on Umee is -.
Learn about UX Chain Staking
How do I choose the correct validator?
You need to consider these points when choosing a validator:
- Voting Power
In order to support the decentralization and security of the Umee network, it’s important that voting power is evenly distributed between validators. Community members are encouraged to delegate to validators who hold less voting power – often found outside the top 25.
- Participation
It’s important to delegate to a validator that actively participates in governance and shares a similar outlook as you, so you can count on them to vote in your best interest if you ever fail to vote on time.
- Uptime
Community members should only delegate to validators with a high uptime percentage.
- Commission
Between 5% & 10% is typically a fair commission rate for the services provided.
- Self-Bonded
A validator’s self bonded percentage represents the amount of tokens a validator has delegated to themselves. This is a good indicator of whether a validator has “skin in the game” or not.
How much can I earn by staking UMEE?
The live staking APR can be viewed at the top of this page.
Is there any risk to staking UMEE?
There main risks are slashing risks and the 14 day lockup period.
What is Umee?
Umee is a cross chain DeFi hub that interconnects between blockchains.
As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. The Umee Blockchain facilitates interoperability between the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols. As a Cosmos SDK blockchain, Umee is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.
The native UMEE token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.
Why was Umee created?
Umee was created to address three main issues that exist in DeFi:
- Detached Yields
- Concentrated Systematic Risks
- Isolated Capital
Umee plans to break the inherent silos between blockchains by utilizing bridging solutions towards interconnecting blockchains and encouraging better capital efficiency. The eventual goals will be to enable interchain lending and borrowing, multi-chain staking and delegations, plus cross chain defi rates.
What token format does UMEE use?
The UMEE token will exist in both ERC20 and Cosmos SDK format. If users want to convert from one blockchain to another, all they need to do is to go to the Umee Application page and use the convert function through Umee’s gravity bridge; such transactions will take sub minutes. Find more details here
What is the utility of UMEE?
UMEE tokens are used to pay for network fees on the Umee blockchain, to provide Proof of Stake consensus to the Umee network, and for protocol governance. You can read more about UMEE token uses in Umee’s documentation
What are the tokenomics of UMEE?
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UMEE Staking Performance Charts
Track UX Chain staking over time by analyzing key performance metrics.
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UX Chain Staking is trending upwards this month
Over the past 30 days, there has been a net increase of UMEE staked on UX Chain, worth - at the current market rate. During this period, the price of UMEE has increased by -, with one UMEE currently priced at . Today, the inflation rate of the network is undefined%, which represents an increase of NaN% over the same time frame.
UX Chain
Analyze UMEE Staking Data
Compare the market position of UMEE against other staking assets.
Change %
Change %
- 24h
- 7d
- 30d
- 90d
- 1y
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UX Chain Staking Over the Past 7 Days
As of today, there are undefined stakers actively staking on the network. An additional undefined UMEE stakers became active over the past 7 days, representing a undefined% increase over this time period. The Staking Ratio, or percentage of UMEE being staked, is currently undefined% of the total eligible circulating supply, increasing by undefined% over the past 7 days. In total, UMEE is staked across the network, generating $ worth of staking rewards per year.