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LONDON, May 20, 2021 /PRNewswire/ Umbria s Layer 2 DEX is going live on Friday, 21st of May and will enable fast, low-cost swaps and liquidity providing.
Users of the DeFi protocol will be able to deposit Umbria s token UMBR alongside MATIC in liquidity pools on the Umbria DEX. In return for providing liquidity, they ll receive LP tokens and earn additional UMBR and MATIC. Participants will benefit from the fast, inexpensive transactions provided by the Polygon Layer 2 (formerly Matic).
The https://matic.umbria.exchange/ URL will be active on launch day.
UMBR-MATIC will be one of the initial liquidity pairs on the DEX with others quickly following. Anyone will be able to create trading pairs for swapping and liquidity providing in the pools. If an asset isn t shown on the Umbria DEX, users can list any ERC20 token that s on Ethereum and the Polygon mapper, and any ERC20 contract deployed on the Polygon chain by providing liquidity. T
Umbria announces alpha version of its Layer 2 DEX
- Decentralised Exchange launches on Polygon chain -
The first phase of Umbria Network s DEX development has been completed.
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LONDON, May 11, 2021 /PRNewswire/ The DeFi protocol s trading platform is fully functional with asset swaps and liquidity provision both successfully tested. Umbria - https://umbria.network/ -, which was recently mapped on Polygon (formerly Matic), will enable its users to benefit from fast, fractional cost transactions when using its developing suite of features. On testing, the transaction fees for swapping ERC20 tokens were less than $0.001. The Layer 2 DEX is a modified version of SushiSwap with extra governance features.
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LONDON, May 11, 2021 /PRNewswire/ The first phase of Umbria Network s DEX development has been completed.
The DeFi protocol s trading platform is fully functional with asset swaps and liquidity provision both successfully tested. Umbria - https://umbria.network/ -, which was recently mapped on Polygon (formerly Matic), will enable its users to benefit from fast, fractional cost transactions when using its developing suite of features. On testing, the transaction fees for swapping ERC20 tokens were less than $0.001. The Layer 2 DEX is a modified version of SushiSwap with extra governance features.
The Umbria token list, which includes the ERC20 assets that users will be able to swap and provide liquidity for on Umbria DEX, can be viewed here.
Umbria Token Fully Compatible with Polygon s Layer 2 Chain prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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LONDON, April 12, 2021 /PRNewswire/ Umbria - the layer 2 DeFi protocol - is implementing another round of free distribution of its native governance token ($UMBR).
Anyone holding a minimum of 100 UMBR or two UMBR-ETH Liquidity Pool (LP) tokens at the time of the snapshot will be eligible to claim a share of the 100,000 UMBR airdrop directly into their MetaMask wallet on May 15th. Those who have staked their UMBR-ETH LP tokens in the Umbria Farm will also qualify whilst simultaneously earning an attractive APY.
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The amount of UMBR airdropped to participants will be proportional to their UMBR and UMBR-ETH LP holdings (or stake) relative to the total amount of tokens held by the community at the time of the snapshot. UMBR holders will receive a portion of 33.4% of the 100,000 UMBR airdrop allocation and those that provide liquidity to the UMBR-ETH liquidity pool in Uniswap will receive a share of an allotted 66.6% on the 15th of May.