Cosmos-based networks Umee and Osmosis have announced their plans to merge through a software upgrade. This merger will involve reimplementing Umee’s UX Chain code on the Osmosis chain, creating a “DeFi Hub” for the Cosmos ecosystem. Umee is a decentralized lending protocol that operates on its own dedicated Cosmos chain, while Osmosis is a prominent decentralized exchange (DEX) within the Cosmos ecosystem. The merger will allow the lending app and DEX to coexist on the same chain, enabling advanced features such as spot margin trading, shorting, liquidations, stablecoin pools, interchain flash loans, and MEV markets. The development teams behind the protocols believe that combining the functionality of both chains will open up new opportunities for flash loans and cross-chain arbitrage. The specific date for the merger has not been announced yet, but users are advised to stay updated for further information. The Umee UX Chain token will continue to exist, and the community will be involved in discussions regarding its tokenomics. Osmosis has previously introduced a concentrated liquidity feature and allowed trading of a bridged version of Bitcoin on its exchange.

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Information	Details
Geography	Global
Countries
Sentiment	very positive
Relevance Score	1
People	Sunny Agarwal, Brent Xu
Companies	Osmosis, DeFiLlama, Umee
Currencies	None
Securities	None