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 will receive UMBR-MATIC LP tokens in your Metamask wallet. You can deposit these LP tokens into the Umbria Farm to earn Umbria every block.
The first step is to head over to the Umbria Farm and connect your Metamask wallet. Make sure your Metamask is connected to the Polygon mainnet before connecting to the Umbria Farm. You can see how to configure your Metamask to the Polygon mainnet here.
From here, we can see the daily, weekly and yearly (non compounded) returns for adding your UMBR-MATIC LP tokens to the Umbria farm. To start farming, click the Select button.
Next, click the plus button.
Then choose how many LP tokens you wish to add to the farm. The more you add, the higher the number of UMBR you will receive each block.
After you click confirm, you will be prompted to pay a small transaction fee for adding your LP tokens to the farm. After the transaction is complete, the website will display how many UMBR you have earned, and how many LP tokens you are staking in the system
You can Harvest your earnings from the Umbria farm at any time, for a small transaction fee. Simply click the Harvest button, pay the transaction fee, and the UMBR you have earned will be sent to your Metamask wallet.