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 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!
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…
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.
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…
The first phase of Umbria Network’s DEX development has been completed.
Our trading platform is in alpha and fully functional with asset swaps and liquidity provision both successfully tested. On testing, the transaction fees for swapping ERC20 tokens were less than $0.001. Our Layer 2 DEX is a modified version of SushiSwap with extra governance features.
The Umbria token list, which includes the ERC20 assets that users will be able to swap and provide liquidity for on Umbria DEX, can be viewed here.
We thought March was busy… but April has seen things really heating up! Here’s a roundup of just some of what’s been happening over the last month.
Listed on CoinGecko
The Twittersphere lit up and liquidity surged as soon as we got listed on CoinGecko 🔥
Check us out: https://www.coingecko.com/en/coins/umbria-network
Second airdrop snapshot
Happy Monday Farmers!
Owing to the success of the Umbria Farm and recent increase in our liquidity, we have decided to extend farming for 200,000 blocks… that’s another lovely 50,000 UMBR.
Approximately 1 UMBR token is minted per minute; a share of which is distributed to anyone who stakes their Uniswap ETH-UMBR LP tokens (liquidity pool tokens) in the Umbria Farm https://farm.umbria.network/. For more information on Umbria Farm including a video tutorial, read our previous blog:
We're developing Umbria DEX’s features on Polygon's chain. Now that our token is mapped we can fulfil bounty programs, create farms, do airdrops all at speed and fractional cost. The Polygon team are also extremely supportive on the technical and marketing fronts and really help nurture partner projects.
Umbria is a decentralised protocol (Defi) which enables the creation of tokenised money markets. These money markets will enable users to accrue interest.