fbpx
Skip to content Skip to sidebar Skip to footer

Umbria and Polygon Collaborates to Release a DeFi Platform

Umbria Polygon DeFi

Decentralized finance platform Umbria Network made a declaration that it will be teaming up with Polygon to deploy its applications on the latter’s network.

Umbria’s team remarked that Polygon network’s Ethereum Virtual Machine (EVM) compatibility prompted them to build the applications there, reaping the benefits of high speed, low cost transactions and the overall composability that the network brings.

As shown in Umbria’s roadmap, the DeFi platform with Polygon side-chain integration on the Mainnet is expected to launch by the third quarter of 2021. It has just released its governance token, which can be utilized to influence the future protocol changes, on UniSwap.

Barney Chambers, the co-lead developer of Umbria, expressed his enthusiasm in working with the team to “achieve (their) common aim of bringing DeFi to the masses by removing barriers to entry”. Chambers went on to say that Polygon will be providing the technical and marketing support.

Arjun Kalsy of Polygon commented “We are happy to help the Umbria team build their suite of DeFi applications and are excited to partner with them on their journey to mass adoption”.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us