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Umbrella Network forges 50 partnerships on chains like Ethereum, BSC and Polygon

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Umbrella Network Partner Ecosystem

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UMB Listed on 8 Cryptocurrency Exchanges

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3 chains natively powered by Umbrella Network - 5 more on the way!

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Umbrella Network Roadmap in 2021

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Umbrella Network VS Chainlink VS Band Protocol VS Kylin Network VS DIA

Based on our updated roadmap, we have decided to move EVM-compatible chains such as Avalanche and Moonbeam early for dedicated and robust testing and dev testnets and subsequent mainnet launches.

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Umbrella Network Guest Featured in 29 AMAs and TableTalks

As a decentralized entity, Umbrella Network welcomes questions from all members of the community.

But for those of you who aren't already on our Telegram channel or Discord (where our most active conversations take place), Umbrella Network appeared as a guest at the AMA.

These platforms include Telegram, YouTube Live, Twitter threads, and more. Over the past year, we've been present at 21 external communities answering their questions about the Umbrella Network and decentralized oracles.

Umbrella Network also hosts TableTalks, a YouTube live show that gives the community a first-hand look at the team's thinking and work.

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Over $100,000 in bounties to boost dApps development

It’s no secret that Umbrella Network supports the development of responsible dApps that leverage oracles to make themselves more secure. From sponsoring Eth Online, ETH CC, and various Gitcoin and developer challenges, we are doing our part to make DeFi more secure, stable, and open to all.

Over the past year, we have announced over $100,000 worth of UMB awards across the aforementioned platforms, and we will only continue to significantly increase our investments in the near future.

The goal here is to help the developer community better understand the risks of obtaining data sources directly from hack-prone centralized sources or costly decentralized alternatives.

2 groups of community validators join

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Umbrella Network Community Validators Announced

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Launch of Token Bridge and Option Pricing Model

Technological innovation and Umbrella Network are working to help make DeFi safer, and token bridges and option pricing models were launched in October to address different risks in the crypto space.

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Umbrella Network Launches Token Bridge

A token bridge can transfer tokens from one blockchain (such as UMB on the ETH blockchain) to another blockchain (such as UMB on the BSC).

Over time, the functionality of the bridge will be expanded to include seamless transfers of UMB tokens between all supported blockchains. The ability to bridge third-party tokens using our token bridge, as well as support for new blockchains and asset types will be added later.

Through our partnership with UnoRe and CoverCompared, transactions via the Umbrella Network's token bridge are insured for a cumulative $500,000.

On the other hand, option pricing models are as much a work of art as they are a technology - like all things mathematical!

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Umbrella Network Launches Option Pricing Model

By applying no-arbitrage constraints and smoothing the implied volatility curve, the inferred strike price is free of arbitrage.

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Real-time token burning

Umbrella Network burned nearly $1,500,000 in UMB tokens during a YouTube livestream. We took this opportunity to introduce the audience to what it means to actually burn.

Live token burn event: Umbrella Network

We call the "burn" function in the smart contract, which is more complicated than simply sending tokens to the coin wallet. By performing a "true burn", the Umbrella Network reduces the total token supply by the number of tokens burned.

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Acquisition of advertising giant — Lucidity

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Umbrella Network acquires Lucidity

Lucidity has been instrumental in identifying data gaps in the digital advertising supply chain of some of the world's largest brands. They are prime examples of taking off-chain data stored in multiple databases and securely moving it to the blockchain to unlock valuable insights.

Sam Kim, Senior Advisor at Umbrella Network, posts the UMB community's rationale for acquiring Lucidity here. The proposal was subsequently unanimously accepted by the community council.

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Umbrella Network enters GameFi

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Metalcoregame.com

MetalCore was launched during NFT.NYC Week and we are a Platinum Sponsor. Check out the trailer here and follow Metalcore on Twitter and Discord for updates, a chance to win a whitelist spot, and more.

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rUMB to UMB conversion

Above, we would like to call it "Umbrella Network's 2021 Year in Review".