The testing of Umbria Network’s cross-chain Narni bridge is in its final stages.

As we’ve announced previously, Narni will enable users to move ERC-20 tokens securely from one blockchain network to another cheaply, quickly and easily.

Moving USDT between networks quickly and cheaply

In recent tests, moving USDT from the Ethereum network to the Polygon network (formerly Matic) took an average of 47 seconds and cost just $2.80; Polygon to Ethereum took an average of two minutes 12 seconds and cost $5.62. …

Steven Schill aka The Schiller recently hosted Umbria co-lead developers, Barney and Oscar Chambers (or the Brain Brothers as he likes to call them) for an Umbria Narni Bridge AMA.

Here’s some key points from the discussion and answers to some of the questions asked. Watch it in full below:

A little Umbria recap

For the uninitiated, the duo gave a quick rundown on the Umbria eco-system of DeFi innovation and the project’s ethos of removing barriers to entry in the DeFi space.

Umbria has identified that the main problems with DeFi at the moment are the cost and…

Like always, there’s been a lot going on (so much so we’re hiring), but June has been dominated by all things Narni…

In case you hadn’t heard, Narni bridge will be the next Umbria product to be rolled out. It’s at an advanced stage of development and we’re very excited about it.

Introducing Umbria’s Narni Bridge

The Ethereum blockchain is hampered by the well-documented issues of lack of scalability and high transaction fees. This has been the catalyst for a number of projects looking at alternative platforms such as Binance Smart Chain and Polkadot to build their DeFi projects upon; for Umbria it’s Polygon (formerly Matic).

This mélange of ecosystems inevitably means liquidity becomes diluted and DeFi participants struggle to find projects with acceptable amounts of liquidity. Interoperability is therefore another obstacle for DeFi applications to navigate.

Umbria’s Narni Bridge

Umbria is in advanced development of a first-of-its-kind blockchain bridge. It will solve the interoperability issue with easier, quicker…

The BIG, BIG news of the month was the Umbria Layer 2 DEX and UMBR-MATIC farm going live on Polygon (previously Matic Network) chain. Hello ultra fast and low-cost swaps, liquidity providing and farming transactions. We only announced the alpha version on May 11th so things have moved quickly!

Move over to UMBR-MATIC Farm: high APY and cheaper to harvest $UMBR

The Umbria team announces today (May 26th) that the rewards on the UMBR-ETH Farm will halve from 12.00pm BST on Wednesday, 2nd June.

Now that the UMBR-MATIC farm is live on the Polygon ecosystem you can farm your UMBR here where it will be much, much cheaper to enter/exit the farm and harvest. Of course you’ll also be earning additional UMBR and MATIC for providing liquidity in the UMBR-MATIC pool.

The UMBR-MATIC farm currently has an APY of 268%. Tokens are minted per block which is every two seconds on Polygon: 0.03 UMBR per block. …

The Umbria team have just announced the release of the Umbria Exchange and Umbria Farm on the polygon ecosystem. Users can now earn interest on their cryptocurrency holdings, and enjoy a high APY return on their investments.

There are some prerequisite steps to using the Umbria Farm. Firstly, you must move your cryptocurrency assets to the Polygon chain. Follow these steps to move your tokens to the Polygon ecosystem. Secondly, you must provide Umbria (UMBR) and Polygon (MATIC) liquidity to the Umbria Exchange, you can find out how to do this here. Once you have done these two steps, you…

The Umbria team recently announced the launch of the Umbria Exchange on Polygon. The Umbria Exchange is a fully decentralized AMM exchange, that facilitates the swapping of Ethereum ERC20 tokens. Users of the exchange can swap between any ERC20 tokens, and can also deposit their tokens into the exchange to earn interest on their cryptocurrency holdings.

To earn interest on your cryptocurrency holdings, you can simply provide liquidity to any pair of cryptocurrencies supported by the exchange (for example Umbria and Polygon), and receive LP tokens in return. …

This month, the Umbria team announced the release of its decentralized exchange and farming platform on Polygon. Users can provide liquidity, swap between cryptocurrencies and earn interest on a select range of tokens, for a fraction of the price compared to traditional decentralized exchanges such as Uniswap. This article describes the steps involved to move Umbria (or indeed any ERC20 token supported by Polygon) onto the Polygon ecosystem, in order to use the Umbria DEX and farm.

To use the Umbria DEX on Polygon, we need to move our Ethereum tokens onto the Polygon chain through the Polygon Bridge. The…

Umbria is a decentralized protocol that’s creating low-cost and easy-to-use DeFi applications on Ethereum, which are powered by Polygon (previously Matic Network) Layer 2 technology.

The Umbria team is developing a suite of popular DeFi features at fractional on-chain cost of many current DeFi platforms with greater transaction speed all whilst maintaining the cryptographic security provided by Ethereum.

Umbria’s mission — Breaking down the entry barriers to DeFi

Back in 2020, Umbria saw how the accessibility of existing DeFi platforms was limited to the very technically savvy and crypto geeks; those without cutting edge technical expertise where left by the wayside.

The project’s overriding objective is to simplify Decentralised Finance…

Umbria Network

Umbria is a decentralised protocol (Defi) which enables the creation of tokenised money markets. These money markets will enable users to accrue interest.

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