The cross-chain DeFi center Umee’s token sale on Coinlist broke the record of user interest on the platform and eventually raised nearly 32 million U.S. dollars.

Coin list According to reports, more than 922,000 Coinlist accounts have registered for options 1 and 2 of the UMME token sale, which is the highest number of token sales on the platform. In the end, approximately 63,000 accounts contributed.

One Moderate The Umee team posted yesterday that the funds will be used to expand the development and engineering teams. The Beta web application of the platform will be launched “in the next few days”, and the mainnet is scheduled to be released in mid-February.

According to reports, the US$32 million financing is Coinlist’s fifth-largest public financing in the whole year.This also makes it one of the top public token sales rounds with BitDAO (BIT) this year Upregulate More than 43 million US dollars, GuildFi (GF) Upregulate More than 139 million U.S. dollars, among others.

It adds to the $6.3 million Umee raised in June in the first round of private financing led by Polychain, Alameda Research, Coinbase, CMS Holdings and other companies.

Umee is a decentralized platform that allows cross-chain leveraged transactions and income collateralization. Its website claims that it can help users “discover new revenue opportunities and explore DeFi applications that intersect the Internet in a seamless and trustless manner.”

It is led by Brent Xu, who is a Contributor To Ethereum (Ethereum) And the universe (atom), who saw decentralized finance (Go to financial institution) As “the most innovative concept in the encryption field”. The team hopes to extend the ideas and technologies used by Tendermint on Cosmos to make separate first-tier blockchains interoperable.

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According to Xu, Mei use Inter-blockchain communication (IBC) protocol From the Cosmos ecosystem So that assets from the blockchain based on the Ethereum Virtual Machine (EVM) can be used interoperably for other First-tier blockchain network In the DeFi application. This is a similar design to Cosmos, but Umee focuses on cross-chain interest rates, multi-chain staking and cross-chain leverage.