Umeevengers Incentivized Testnet Program Phase 1 - DropsEarn
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Umeevengers Incentivized Testnet Program Phase 1

Umeevengers Incentivized Testnet Program Phase 1

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Reward pool

Equal in $

4,000,000 UMEE

Expected profit

Unknown

UMEE tokens

Max participants

200 Validator spots

DropsEarn score

Neutral

Hard, Low Risks

Event details

Umee would like to give the community some more ways to have fun, and they’re opening up the Umeevengers Phase 1 applications.

Phase 1 Details

  • Validators (aka Umeevengers) will compete amongst each other on Uptime, Never Jailed, Number of Blocks processed, and Contributions to the Umee network in general each week.
  • The prize pool will consist of 4 million UMEE tokens, that will be distributed at a later date.
  • All the details of Phase 1 will be posted on Wednesday, September 29th.
  • The program will run for 5 weeks, and there will be a leaderboard to track Validator scores.
  • Phase 1 of the Umeevenger testnet will be limited to 200 Validator spots, so be sure to submit an application!
  • There is also a waitlist for Validators to join the testnet at the end of each week in case other Validators drop out or are kicked for misbehavior.
  • Applications are available from Monday, September 27th, 4 pm UTC — Friday, October 1st, 4 pm UTC
  • Selected Validators, as well as the Validator waitlist, will be posted on a public spreadsheet on Wednesday, October 6th, 2021!
  • Phase 1 is set to start on October 11th.
  • Please submit your application here.

About Umee

Umee is decentralized infrastructure for cross chain interactions between networks. Umee connects users to create lending and borrowing positions, move capital across chains, discover new yield opportunities and explore DeFi applications intersecting networks in a seamless and trustless manner.
 

Umee is also…

/ˈjuːmi/

… cross chain liquidity to connect You and Me.

Umee Goals

  • Cross chain Support: users interact with multiple networks seamlessly without relying on centralized gatekeepers
  • Capital Efficiency: capital across networks will no longer exist in silos and liquidity is interconnected and accessed without borders
  • Money Legos meets PoS: DeFi protocols will interact with Proof of Stake yields while staking derivatives create novel financial paradigms
  • DeFi Hub: a universal, permissionless platform open to all users and projects to be part of their DeFi journeys

Path to a Cross Chain DeFi Hub

  1. Umee is built on Cosmos while leveraging IBC as a layer 0 protocol for cross blockchain communication and interoperability
  2. Utilizing the Gravity Bridge to connect with Ethereum, Umee will interface with multiple bridging solutions to create a universal crypto hub
  3. Umee will lead the way with interchain staking and delegations, cross chain liquidity mining and asset distributions, plus multichain stakedrops

 

About

Umee is excited to announce Phase 1 of thier incentivized testnet: #Umeevengers! Umeevengers will be an incentivized testnet with two phases, with Phase 1 set to start on October 11th.

Date

11 Oct 2021 03:00(UTC+3) - 15 Nov 2021 03:00(UTC+3)

Registrition

Closed

Event Status

You can't participate (Event started, Registration closed)