Topic: [PreANN] Umbria Network - DeFi with a focus on simplicity (Read 518 times)

The umbria bridge now has USDT, UMBR and is about to have WETH as well! 150K+ liquidity locked right now

The Umbria Bridge is also live. 10x faster and cheaper than any other blockchain bridge between Polygon and Ethereum. Something even more interesting is that you can provide liquidity to the bridge and earn APY on stablecoins, and the team think that the APY will soon be the highest for stablecoins anything in the blockchain space!

https://bridge.umbria.network/

Umbria DEX powered by @0xPolygon ETH scaling solution is LIVE

Provide liquidity, swap between ERC20 tokens & earn interest on tokens for a fraction of the price compared to traditional decentralised exchanges such as Uniswap

https://matic.umbria.exchange/#/swap

https://twitter.com/NetworkUmbria/status/1398206158360485893

https://umbria.network/team/

Online Blockchain plc, which is a UK-publicly listed company acts as Umbria's adviser, administrator and co-ordinator: https://fxnewsgroup.com/forex-news/cryptocurrency/online-blockchain-raises-1m-via-share-placing-with-etx-capital/

"The proceeds of the placing will be used to fund additional new projects as well as enhance the deployment of Umbria..." 

Based from their contract address, UMBR has 5M max supply.

https://etherscan.io/token/0xa4bbe66f151b22b167127c770016b15ff97dd35c

By the way, when I looked at the uniswap details of this token, they only have about 5 transactions for the last 24 hours. Though they have better liquidity than most tokens in UNI, but I think, the trading activity should be more active, to see if this project will survive in the market.

I am not sure if the team understands what we mean by the bounty campaign, as the link provided in the response was completely unrelated to the bounty as we have here on Bitcointalk.


The roadmap looks very real though, so I think there are marketing plans to help popularize the project. Certainly it can be done without a bounty, but with the campaign it always works better.

UMBRI is now 1.5 USDT.
How many tokens are in supply?

Yes there a few project that don't need it, but the project maybe has a someone that is well-known person among crypto in their team, of course the name will draw people attention, while this project is nothing in comparison. I also saw someone asking about the bounty on the previous page, but they said it still wasn't happening but clearly, they had a plan.

I agree with barriers noted by Umbria team about lack of trust with new projects and some problems in interaction. Looks like they want to fix it

There are some good projects that don't need a bounty campaign to get to know their project. I saw them continue to grow without any bounties.

I identify the people who are in this project team. seems quite trustworthy, if there is this kind of transparency I am sure you can gain the trust of investors. Are there any plans to hold a bounty campaign?

In 1.5 hours Matic/Polygon and Umbria are doing a collaborative AMA (ask me anything) on clubhouse. We'd love to have you all there

https://www.joinclubhouse.com/event/mWr0l11y

Umbria and Polygon (Formerly Matic network) are doing an AMA (ask me anything) on clubhouse in 90 minutes from now, check it out here

https://www.joinclubhouse.com/event/mWr0l11y

we offer free listing to your project reach us through twitter

The core team have launched an about page, with some information about each team member

Go here to see it

See this YouTube video for the conversation with POLYGON (MATIC) team and discussion about our partnership

Press interview with MATIC (Now Polygon) developers tomorrow - will update with the links once it is live.

The developers have added some new contracts to the MATIC blockchain which can be used by the Umbria protocol but also other Ethereum developers. The multicall contract created initially by makerDAO has been added to MATIC's chain to make use of its atomic read functionality.

nice   

Join the discord channel guys, theres a lot of useful chat going on

Sorry, but it looks like the link you provided is not working. After entering it, it redirects to the project roadmap page.


I understand that the right bounty program hasn't started yet. I'm waiting for an update!

⭐ 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!!

Dev Here.

bounty program details coming in the future

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/

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...

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

Dev team is pretty active over on Discord: https://discord.com/invite/ARyFVDY

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/

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  )

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%

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?

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!

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

It's best to be a little careful here because there is no team, maybe this project was built by someone who just wants to find victims and then leave with the victim's money,
we even see their community is also very quiet so of course no one will believe it

So does UMBR token already available for early community adoption and trading on UniSwap exchange?

So in the 1Q of 2021 Umbria Uniswap pool will be launched on Ethereum mainnet and also exchange listings begin. I think this time is very important to the project

Everything seems to indicate that you are right, this thread is precisely an attempt to interest the victims by innocently providing information about project. With a project prepared like this, the criticism of the community would be huge, so developers are afraid to create an official thread.
OP gives the group on a telegram - his entire community is 5 people including the admin, so probably, apart from the dev team, there is no one there.

There was no other intention for him to post this matter other than getting attention to the sale that was currently underway. We have seen projects like this many times, they only focus on finding victims, pocketing money and lost.
Oh come on, that was a lame joke, I can't even believe there's anything interesting about this project.

Perhaps this is why the developers have not yet started promoting the project, as not everything has been prepared to show it for community and investors.
I think the OP rushed a bit with the release of this information and we should wait for the official ANN thread.

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

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

Note: I am not a developer, or affiliated officially with the Umbria protocol. I am an avid community member and I believe in the project and team's vision

DeFi project Umbria (UMBR) now live on Uniswap

TOKENOMICS
Name: Umbria
Symbol: UMBR
Decimal: 18
Contract: 0xa4bbe66f151b22b167127c770016b15ff97dd35c
Total supply: 10,000,000 (5,000,000 current supply)

Online Blockchain PLC and Umbria Labs has developed an ecosystem of cryptocurrency-based projects and user-experiences, aimed to provide anyone with a friendly entry-point into DeFi (Decentralised Finance), called ​Umbria​. By leveraging pre-established, open source DeFi implementations and libraries, used in current projects, such as ​Uniswap, Compound​ and ​Sushiswap​, ​Umbria aims to simplify and demystify the DeFi user-experience.

Umbria Labs began researching DeFi in 2019, and has since successfully launched a decentralised finance ecosystem with an exchange, liquidity pools and yield farming, ​on the Ropsten testnet of the Ethereum Blockchain. During this research phase, Umbria Labs and Online Blockchain PLC conducted research on

1) the limitations of other DeFi platforms such as Sushiswap
2) the level at which new users could effectively use current DeFi platforms.

The conclusion was that Sushiswap and Uniswap, among other popular DeFi platforms are inaccessible for those without an advanced knowledge of cryptocurrency and DeFi. Umbria Labs also concluded that there is a need in the current DeFi landscape, for a platform that offers a simple entry-point into DeFi. Umbria Lab's vision is to improve the Decentralized Finance space by creating tools (Yield Farming, Exchange, Pools, Vaults, etc) without the unnecessary complexity to the user

Exchanges:
https://app.uniswap.org/#/swap?inputCurrency=0xa4bbe66f151b22b167127c770016b15ff97dd35c

There will be 5 phases for adding Umbria, with each phase started when the previous phase finishes

100,000 Tokens will be added to Uniswap at $0.50
100,000 Tokens will be added to Uniswap at $0.60
100,000 Tokens will be added to Uniswap at $0.70
100,000 Tokens will be added to Uniswap at $0.80
100,000 Tokens will be added to Uniswap at $0.90

Roadmap

Q4 2020

Launch Umbria exchange and menu protocol on the Ethereum testnet. Create Umbria staking and yield farming protocol on Ethereum testnet.
Umbria protocol experiments successfully tested on Ropsten testnet. Swapping, liquidity pools, exchange and UMBR staking successfully tested.

Q1 2021

Launch Umbria protocol version 1 on Ethereum mainnet. Create Uniswap V2 UMBR-ETH token pair. Provide 500,000 tokens for UMBR-ETH liquidity on Uniswap.
Bounty program begins. Exchange listings begin. UMBR available for early community adoption.
Umbria Litepaper deployed and reviewed.
Airdrop 500,000 UMBR tokens to users who are providing liquidity in the Umbria protocol. Bonus UMBR per block begins for LP holders, for two weeks.

Q3 2021

Launch Umbria LP token staking contract on Ethereum mainnet. Users receive an UMBR reward to staking certain LP tokens. Launch version 1 of Umbria yield farming vault contracts on Ethereum testnet.
Umbria governance migration begins. Umbria protocol contract ownership is transferred to governence contracts, to increase the level of decentralization of the protocol.
Umbria naked-staking begins. Users can stake their UMBR tokens to receive more UMBR.
Launch version 1 of Umbria yield farming vault contracts on Ethereum mainnet. Umbria V2 research phase begins. Non-custodial asset wrapping, flash-loans, vaults, interoperability, MATIC integration explored.

Q4 2021

Launch layer 2 transaction fee reduction protocol for the Umbria network, on the Ethereum mainnet.
Implement crosschain interoperability to allow any cryptocurrency to be exchanged, staked and swapped on the Umbria protocol.

Website: https://umbria.network
Telegram: https://t.me/joinchat/GfvrGJJBNMksEwP2