Company: Umbria Network
Founder: Clem Chambers
Website: https://umbria.network/
About Umbria Network
Umbria Network is a DeFi project focused on simplifying and optimising cross-chain asset transfers. Founded in 2021, it was created to address the high costs, slow speeds, and technical complexity of moving crypto assets between blockchains. The team identified a clear need for a more user-friendly and capital-efficient bridging solution, one which didn’t rely on the complicated mint/burn or lock/unlock methods used by validator-driven bridges.
The Umbria Narni Bridge is novel multi-chain bridge that enables ultra-low-cost, fast, bi-directional transfers of crypto assets between Ethereum and a range of EVM-compatible networks, including Polygon, Avalanche, Binance Smart Chain, Arbitrum, Optimism, and Electroneum.
It uses a novel liquidity provision protocol that greatly decreases the cost of transferring funds between chains in comparison to traditional bridges. It also offers a remarkable improvement in speed-to-finality. The bridge facilitates cross-chain migration of assets by simultaneously holding multiple assets on multiple chains in liquidity pools.
Pool and Earn
The Narni bridge generates fee-based rewards to liquidity providers as an incentive for liquidity provision. There is no lock in period (assets can be un-staked at any time) and no impermanent loss.
Those staking a single asset to the bridge on a single network earn 40% of the bridging fee whenever someone bridges that asset to that network. They earn in that asset.
Pool and Earn: https://bridge.umbria.network/staking-pool/
Umbria’s bridge widget and referral program
The Umbria Bridge Widget V2 can be integrated into the platform of a Web3 platform. This enables third parties to provide their community with the cheap and fast bridging of Umbria within their ecosystem AND earn 0.1% of all bridging volume that comes through their widget.
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