The Commonwealth team is excited to announce a new partnership with Umee. Their community will use Commonwealth’s all-in-one governance platform to discuss, vote on, and fund their initiatives. We’re excited to see their project grow on our platform in the coming months.
Umee: Cross-Chain DeFi Hub for Rates, Staking, and Interoperability.
As a base layer blockchain, Umee plans to break silos between blockchains and encourage better capital efficiency, ultimately allowing for interchain lending and multi-chain staking. As part of the Cosmos SDK blockchain, Umee can be used with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and Ethereum, among others.
Commonwealth: Growing Decentralized Communities
Commonwealth is used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. As a crypto native governance tool, our platform combines the DAO use cases of Telegram, Discourse, and Snapshot with additional functionality. This means we’ve created an all-in-one solution for DeFi projects seeking a streamlined platform to run their community.
Umee’s community operations will be fundamentally improved by moving to Commonwealth.
Everything from discussions to crowdfunding to executing proposals can happen on our platform, giving Umee an easy solution for their governance process.
Umee’s unique features on Commonwealth include:
- Crypto-Native Token Forum: The Umee platform on Commonwealth comes with full forum capabilities, including threaded discussions, upvotes, user profiles, and more.
- On-Chain Cosmos Governance: The Umee community will be able to discuss, vote, and execute governance proposals all on-chain and with complete transparency through the new Commonwealth forum.
Participate in Umee’s New Commonwealth Forum
The Commonwealth forum is live and actively used by the Umee community. Users are encouraged to participate in the ongoing discussions on their new platform.
Recent discussions and proposals include:
- A proposal to add extra UMEE incentives to the UMEE/UST and ATOM/UMEE pools. This proposal passed with 99.96% approval
- A proposal to increase max validators from 100 to 120 in order to allow more non-genesis validators to participate. This proposal did not pass, with 69.08% voting against. Users questioned the need to raise the minimum and cited concerts regarding testing new protocols while Umee is still in production.
- A proposal to include the IBC representation of the Rowan Token, which is needed to deploy an ERC20 representation of Rowan. This proposal passed with 99.93% of the vote.
The live forum can be found at https://commonwealth.im/umee