⭐ FABULOUS NEWS ⭐:
Umbria has been accepted into the MATIC developer support program. This is massive news because their HUGE audience would be super interested in a DeFi project ontop of MATIC.
The Matic team are also a very smart group of people, so they will be able to provide good feedback on the progress of Umbria.
LEVEL UP!!
Topic: [PreANN] Umbria Network - DeFi with a focus on simplicity - page 2. (Read 526 times)
Dev Here.
bounty program details coming in the future
bounty program details coming in the future
Dev here.
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here
. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.
This project is going to make some serious waves...
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here
. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.This project is going to make some serious waves...
This is quite a lot of money and will definitely help with the development of the project! Congratulations!
I see you are organizing airdrop for holders. Are you planning any other promotional campaigns? For example here on the Bitcointalk - bounty campaign?
Yes bounty program here. will make a separate post about it though.
More about the project in this article, which appeared yesterday: https://www.cityam.com/crypto-am-shines-its-spotlight-on-umbria/
Dev here.
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.
This project is going to make some serious waves...
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here
. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.This project is going to make some serious waves...
This is quite a lot of money and will definitely help with the development of the project! Congratulations!
I see you are organizing airdrop for holders. Are you planning any other promotional campaigns? For example here on the Bitcointalk - bounty campaign?
Dev here.
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.
This project is going to make some serious waves...
Some great news came out today.
It looks like Online Blockchain PLC, who are the company funding administration and development of the Umbria DeFi protocol, have:
Raised £1,000,000.
This is a huge deal for the incubation of the Umbria protocol and its continued development and administration.
Read here about what exactly went down.
As a developer of the project I cannot be more thrilled - this is massive for everyone here
. Umbria devs, myself included are spending time at the moment migrating some popular DeFi features of Uniswap and Sushiswap to the MATIC chain. This means yield farming, liquidity providing, exchange, swap etc etc etc for literally 1% of the fees that we are used to.This project is going to make some serious waves...
The team has announced some pretty cool milestones in their development on MATIC chain. The devs showcased some cool stuff over on twitch, explaining how using MATIC will drastically reduce the fees on their DEX. Pretty exciting stuff!
Uniswap info.
This is the UMBR mainnet token UMBR-ETH pair: https://info.uniswap.org/pair/0xa76ae94659b6b53c5e85d37fbdd36adcb7635b23
You can buy some UMBR here: https://app.uniswap.org/#/swap?inputCurrency=0xa4bbe66f151b22b167127c770016b15ff97dd35c
"We are setting the price to $0.50 for the first 100,000 coins, then we will let it go up to $0.60 for the next 100,000 coins, then $0.70 for the next 100,000 etc until we get to $1 per coin, then we no longer add anymore UMBR to bring the price down."
Once you have bought some, you can add liquidity in UniSwap here and earn fees until Umbria features (including Umbria token swap pools) are released on the Umbria website: https://app.uniswap.org/#/add/ETH/0xa4bBE66f151B22B167127c770016b15fF97Dd35C
This is the UMBR mainnet token UMBR-ETH pair: https://info.uniswap.org/pair/0xa76ae94659b6b53c5e85d37fbdd36adcb7635b23
You can buy some UMBR here: https://app.uniswap.org/#/swap?inputCurrency=0xa4bbe66f151b22b167127c770016b15ff97dd35c
"We are setting the price to $0.50 for the first 100,000 coins, then we will let it go up to $0.60 for the next 100,000 coins, then $0.70 for the next 100,000 etc until we get to $1 per coin, then we no longer add anymore UMBR to bring the price down."
Once you have bought some, you can add liquidity in UniSwap here and earn fees until Umbria features (including Umbria token swap pools) are released on the Umbria website: https://app.uniswap.org/#/add/ETH/0xa4bBE66f151B22B167127c770016b15fF97Dd35C
The team have announced that they will start a development twitch stream, where we can go to ask questions, talk about the technical details etc. I will put their twitch link here when they send it to me
Dev team is pretty active over on Discord: https://discord.com/invite/ARyFVDY
Do you know the character or team of the Umbria project? what makes you believe in their vision and mission? I didn't get much information and when I browsed the Umbria website the information was very brief there
Online Blockchain plc - a UK-publicly listed company - is acting as Umbria’s coordinator, administrator and advisor. "Online Blockchain (LSE:OBC) has been an innovator and incubator in finance and technology for over 20 years and brings a high level of trust and credibility to Umbria."
http://www.onlineblockchain.io/
I agree, it is very cool that airdrop will be fully decentralized, but for how long does users need to hold Umbria in their wallets?
Airdrop will be based on a snapshot of UMBR-LP or UMBR tokens held on March 1st
The team have announced that they will start a development twitch stream, where we can go to ask questions, talk about the technical details etc. I will put their twitch link here when they send it to me
They haven't said yet when
I agree, it is very cool that airdrop will be fully decentralized, but for how long does users need to hold Umbria in their wallets?
The team have let us know that the implementation of the Airdrop contract has been started. Everyone will need to hold Umbria in their wallets, and when they release the Airdrop contract, we can claim more Umbria from it, depending on how much Umbria we currently hold. The Airdrop will be fully decentralized (pretty cool 
)
) For now we have forked sushiswap on ropsten testnet and are working on a much more friendly UI for mainstreaming DEFI to the masses - mainnet launch over the next 3 - 6 months.
So Umbria utility governance token is already tradable on UniswapProtocol and you can buy UMBR with ETH and earn some interest
Yes that's right. Governance will follow a similar path to sushiswap using compound's Governor Alpha. This means the token can be available from day 1.
The UMBR token will be used for this!
I'm not a DeFi specialist, or even a programmer to get a good understanding of smart contracts, but this two above statements are a bit contradictory for me.
In the first, you say that the project is still in the testnet phase, and in the second, that it is practically usable and tradable on Uniswap.
I don't seem to understand something .. Could you please explain?
Sorry for the confusing. The full protocol is working on the Ropsten Testnet. For now, only the governance token is available on Mainnet and on Uniswap. I hope this answers your question. The team says they are rolling out the protocol over the next few months onto the mainnet, one piece at a time. They are also working on getting Umbria on the MATIC sidechain to lower the fees by over 99%
For now we have forked sushiswap on ropsten testnet and are working on a much more friendly UI for mainstreaming DEFI to the masses - mainnet launch over the next 3 - 6 months.
So Umbria utility governance token is already tradable on UniswapProtocol and you can buy UMBR with ETH and earn some interest
Yes that's right. Governance will follow a similar path to sushiswap using compound's Governor Alpha. This means the token can be available from day 1.
The UMBR token will be used for this!
I'm not a DeFi specialist, or even a programmer to get a good understanding of smart contracts, but this two above statements are a bit contradictory for me.
In the first, you say that the project is still in the testnet phase, and in the second, that it is practically usable and tradable on Uniswap.
I don't seem to understand something .. Could you please explain?
So Umbria utility governance token is already tradable on UniswapProtocol and you can buy UMBR with ETH and earn some interest
Yes that's right. Governance will follow a similar path to sushiswap using compound's Governor Alpha. This means the token can be available from day 1.
The UMBR token will be used for this!
Do you know the character or team of the Umbria project? what makes you believe in their vision and mission? I didn't get much information and when I browsed the Umbria website the information was very brief there
there is no team list on umbria website and the site look very simple
also i can't find the whitepaper link too, only found a little informations about this project in the litepaper from Umbria
Community dev of Umbria here!
The Pre-ANN was a little hasty, but that's ok I guess, our small community is already frothing over the experiments we have conducted. I have been developing on this project for a few months.
For now we have forked sushiswap on ropsten testnet and are working on a much more friendly UI for mainstreaming DEFI to the masses - mainnet launch over the next 3 - 6 months.
Team is also developing MATIC side-chain integration for 99% reduced SWAP and LP fees, compared to uniswap and sushiswap etc. So this will be big because it removes the biggest problem facing DeFi - the FEES!!!.
Very exciting stuff coming up soon. PRE ANN will attract other community devs to the fun I hope! Keep an eye on the project and if you want to get involved in dev join the discord.
If you want to buy some on Uniswap, go ahead, but the project is listed there at a valuation of 5m USD and there is a publicly listed company OBC PLC administering development. So this will be a great project for sure!
There is already a fully decentralized DeFi project for Umbria on the Ropsten testnet, which works and can be seen if you look for the project on Ropsten Etherscan. Perhaps I was too hasty with this announcement thread as above mentioned. To clarify, there is progress and development on this project, and the team are slowly and surely releasing features of the Umbria project on mainnet, as contract testing and security is a very big factor to the success of a DeFi project.
The developers are very active on this project and although not much has yet to be release, there are proof on concepts for the Umbria protocol already on the Ropsten test net
The developers are very active on this project and although not much has yet to be release, there are proof on concepts for the Umbria protocol already on the Ropsten test net
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