Umbrella Network (UMB) Expands to MultiversX

Umbrella Network oracle provider has recently added support for MultiversX and DeFi apps, like JewelSwap, who is already leveraging their cost-efficient and scalable solution to achieve a higher level of resiliency and data decentralization. On the RWA scene, Demiourgos will rely on their secure real-world data sources for a gold-pegged stablecoin.

They are now reconfirming their commitment to the MultiversX network by making their token available to the entire ecosystem. $UMB has been whitelisted on the MultiversX Bridge and an initial 1.25M tokens have already been ported over in ESDT format.

More token details can be found here: https://explorer.multiversx.com/tokens/UMB-e2b3d8

Starting today, the Umbrella Network community can use the bridge to tap into the MultiversX ecosystem and take advantage of the many utilities available, while benefiting from the unbreakable wallet security offered by the Guardians feature, negligible transaction costs, and so much more.

Ethereum <> MultiversX Bridge: https://bridge.multiversx.com/

In addition, the UMB token will be listed on the xExchange DEX today, 12 February, at 16:30 UTC. At that time it will be possible to pool UMB with EGLD to earn swap fees, with trading beginning minutes after.

‍https://xexchange.com/liquidity

The ESDT token standard gradually becomes the apparent choice for teams with utmost attention and care for the user, who want to offer them the best on-chain experience. This is the early season of a massive interoperability wave coming to MultiversX.

‍About Umbrella

Umbrella Network is a decentralized oracle service secured by a network of decentralized community validators that provides blockchain projects with secure, scalable, and customizable data solutions. Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Umbrella can provide any data that you need when you need it.