Cheap and Fast Bridging of $USDC with Umbria Network’s Narni Bridge

$USDC added to Umbria’s Cross-chain Narni Bridge

Our community has known for a little while now, but for the wider world there’s more great news about our Narni cross-chain liquidity bridge. You can now send $USDC between the Ethereum and Polygon networks groundbreakingly quickly and cheaply.

APY on your $USDC

The news gets even better though. $USDC holders can also lend their tokens (provide liquidity) to the bridge in the protocol’s Pool and Earn staking feature to earn APY https://bridge.umbria.network/pool/). As a liquidity provider you receive fees when anyone else bridges $USDC between networks.

Cheap bridging for ETH (and great APY)

The recent addition of ETH to the bridge has made waves in the DeFi community and has been a particularly huge hit with Zed Runners. The reason being that gas fees for transferring ETH from Ethereum to Polygon network are exceptionally low and can even be sub $2. Current ETH liquidity providers have been earning up to 99.99% APY by lending the asset to the bridge.

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