umee is a convenient platform for borrowing and lending.

If you don't know how to use it yet, be sure to check out the umee documentation.

You can learn about lending here - https://umeeversity.umee.cc/users/using-the-web-app/supply-withdraw.html

You can read about borrowing here - https://umeeversity.umee.cc/users/using-the-web-app/borrow-repay.html

I will reveal one secret. I think a lot of people think that borrowing is a bad story. But if you have your own savings in some coin that you want to keep for a long time. Then you can post it on umee. Instead, you can borrow another coin from umee. Then you find profitable staking that is higher than the borrowing percentage. This way you can make a profit. Repay the loan from umee. And you will still have profit on top.

I think a few of the steps above are easy. You only need to learn how to use the umee website. for this I gave you links to the documentation above.

umee validators

What else is attractive about umee? You can give your coins to validators and earn interest for it. But I'll give you a warning. When you give coins to a validator, be prepared to get them back immediately. When you request a refund of your coins, the validator will ask you to wait 2 weeks (14 days). Only after the end of this period - the coins will be returned to your wallet.

There is also a good recommendation:

Try to give coins to multiple validators. If you do this with only one validator, the site will offer to add more. You can ignore site requirements. But I advise you to listen to it. If we support one validator, then he can harm the system. Therefore, you need to distribute coins evenly. the operation of the entire system depends on it.

Community

umee has a friendly community. You can verify this by visiting the different social networks of the umee community. You will always be helped to find the answer to a difficult situation. Communicating with like-minded people you can learn a lot of new things. you can also share your knowledge. Come to umee and make new friends. Are you ready? But why haven't I given links to social networks yet?

Because you have to be careful on the Internet - you can not mindlessly follow different links. They may be fraudulent. So I will teach you to be careful. Do you have links to the umee documentation. Go check out their website. You can find links to social networks there. They will be safe. because they are located on the official website.

But if you trust me. I give good links to all umee resources:

twitter
telegram
Discord
youtube
medium
reddit
app

There is also an interesting company umee in crew3. You can complete various tasks there and climb the leaderboard. The umee community has already rewarded its followers with coins. I think it's worth participating. The umme community will definitely appreciate your efforts. In the process of completing tasks, you will gain valuable experience that will help you get comfortable not only in the umee community, but also in the whole world of cryptocurrencies