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On March 14, 2022, Umbria Network announced a partnership with head5 to enhance accessibility for collectors of deadmau5's NFTs. The head5 collection, featuring avatars designed by deadmau5 and Smearballs, is available on the Polygon blockchain. Umbria's Narni bridge offers a cost-effective solution for transferring ETH to WETH for NFT minting. NFT holders will gain exclusive perks, including early access to music and VIP experiences. The collection aims to alleviate high gas fees and streamline transactions, making NFT participation more accessible.
Umbria Network's Narni Bridge now enables cross-chain migration of Aavegotchi's GHST token between Ethereum and Polygon networks. This new solution offers users the ability to transfer GHST for less than half the current price and 10 times faster than existing options. GHST holders can earn passive income by pooling their assets, with potential APYs reaching up to 255%. Additionally, staking Umbria's native governance token, UMBR, allows liquidity providers to earn from various asset fees on the bridge. This initiative further strengthens the DeFi, gaming, and NFT intersection.
Umbria has expanded its Narni cross-chain liquidity bridge to include ETH and MATIC, alongside USDT and UMBR. Users can transfer ETH from the Ethereum network to Polygon for as low as $2.56 in gas fees, attracting many DeFi participants, particularly the Zed Run community. The bridge's 'Pool and Earn' function allows liquidity providers to earn up to 70% APY on staked assets without impermanent loss. The bridge's growing Total Value Locked (TVL) indicates increasing adoption and liquidity, with more chains and assets expected to be added soon.
On August 16, 2021, Umbria Network announced the launch of its Narni 'Insta' Bridge, now in Beta. This bridge allows users to transfer $UMBR tokens between Ethereum and Matic Mainnet efficiently and at low cost. Additionally, liquidity providers can earn fees by supplying assets to the bridge, with a share of a 0.2% fee for each transaction. Umbria also introduced a Connect Portal to simplify wallet configurations across EVM-compatible chains. The project aims to enhance cross-chain transactions and engage a broader audience within the DeFi ecosystem.
Umbria's Layer 2 DEX is set to launch on May 21, 2021, enabling rapid, low-cost swaps and liquidity provision. Users can deposit UMBR tokens and MATIC in liquidity pools to earn LP tokens and additional rewards. The platform utilizes the Polygon Layer 2 network for fast transactions. Initial trading pairs include UMBR-MATIC, with a focus on low fees and high APY farming opportunities. The DEX and first Farm will enhance user engagement while simplifying DeFi access through improved usability.
Umbria Network has partnered in the Crypto AM DeFi & Digital Inclusion Online Summit on May 20, 2021. This free event features over 30 blockchain experts discussing DeFi growth, security, and digital inclusion. Founders Barney and Oscar Chambers will present on enhancing accessibility in DeFi, addressing Ethereum's fees through Layer 2 tech, and improving trust in DeFi projects via partnership with Online Blockchain plc. Umbria aims to simplify DeFi for all users while facilitating low-cost transactions on Ethereum.
Umbria has launched the first phase of its bounty program to reward social media marketers for promoting its upcoming Airdrop. Participants can earn UMBR tokens by creating content related to the Airdrop on various social platforms. The initiative offers 10,000 UMBR in rewards, and tasks include making videos, blog posts, and infographics. Additionally, the first Airdrop snapshot will occur on April 2nd, with another on April 15th. Users holding UMBR will receive portions of a 100,000 UMBR allocation based on their holdings.
Online Blockchain PLC announced an investor webinar scheduled for February 23, 2021, at 5:00 PM GMT, hosted via Monecor UK Ltd. The leading blockchain research and development company intends to discuss its strategic direction post-fundraising and how investors can safely engage with cryptocurrency and decentralised finance (DeFi). CEO Clem Chambers will lead the presentation, sharing insights from his extensive experience in technology and cryptocurrency investment. Registration for the free event is available online.
On February 15, 2021, Umbria Network announced its deployment of decentralized finance applications on the Polygon blockchain. This partnership will enhance scalability and transaction efficiency with Polygon's Proof-of-Stake network. The roadmap includes launching the DeFi platform by Q3 2021, integrating Polygon side-chains. Umbria's governance token, UMBR, was recently released on UniSwap for protocol voting. Both teams are optimistic about the collaboration, aiming to simplify DeFi access and drive mass adoption.
