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Cross-chain DeFi protocol Umee launches Institutional Lending DAO UDX

On Oct 14, cross-chain DeFi protocol Umee launched Institutional Lending DAO UDX, which will provide customizable debt financing in the form of collateralized term loans to crypto focused institutions, BlockBeats news. As a loan underwriter, UDX will generate revenue through loan issuance fees, over-the-counter transaction fees, etc.

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