From strategic partnerships to several mainnet launches, Umbrella Network hit a lot of fascinating milestones in February 2022. Let’s get a search at the major Umbrella occasions with Coinlive above the previous month!
Important announcements
Umbrella reaches its to start with milestone: efficiently registering forty million information factors on the blockchain in just seven days
The quick track record is largely due to a quantity of current partnerships, together with the integration of the Uniswap rating feed into oracle Umbrella Network’s decentralized network, with the addition of almost one,000 other information pairs. This brings the complete quantity of information pairs to above three,500. With the quantity of blocks produced per minute and across four blockchains, the quantity of information factors registered on the Blockchain has passed the forty million mark and will progressively technique the 70 million mark across all four chains.
Read the total write-up right here
Integration of Uniswap into Umbrella Network’s price tag feed
The information extracted from the Uniswap pool is verified by a network of local community validators ahead of remaining inserted into the chain and can no longer be modified.
Read the total write-up here
Umbrella Network has efficiently integrated the UNO-USD price tag information pair
To leverage its partnership with Uno Re, Umbrella Network has extra L2D UNO-USD valuation information to its Oracle.
Uno Re will start making use of UMB’s information oracle to acquire pricing information for all of its subscription requests.
Read the total write-up here
Bringing crypto possibilities on par with the S&P 500
The UMB architecture powers the total trading network and produces a much more comprehensive price tag sentiment and pretty much grows the total ecosystem of crypto possibilities.
$ UMB – Bring Crypto-Options on par with the S&P 500
The $ UMB architecture offers the total trading grid and derives price tag sentiments that are much more holistic and practically evolve the total cryptocurrency ecosystem.
So how does this boost your operations?#oracles pic.twitter.com/UoR0XsVZoc
– Umbrella Network (@UmbNetwork) February 11, 2022
This is required since:
- The degree of granularity and computation eliminates the effect of transient outliers. The IV and Greek strategies presented by UMB are much more precise and much less risky.
- For the to start with time, cryptocurrency markets have entry to arbitrage-totally free pricing for previously non-existent serious costs.
- Retail consumers can also advantage from UMB selection pricing. You can check out a further cryptocurrency industry and review selection costs there, without having arbitrage towards the UMB feed.
Vote of the administrator of the umbrella network
UIP 002: Vote to prevent rUMB2 transactions
This vote proposes an selection to create a mechanism in rUMB2 to avoid trading of rUMB2 on decentralized exchanges on each Ethereum and BSC.
This is based mostly on suggestions from the local community and admin forums (see forum discussion here), it is proposed to include a whitelist perform to the rUMB2 token contract so that only individuals with whitelist capability can interact with rUMB2. DEX exchanges that are not whitelisted will not be ready to interact and trade tokens.
This will not have an effect on the wallet tackle, so staking, unstaking, token transfer …
View snapshot here
UIP 003: Assigns voting weights to rUMB
Currently, an person will have to hold UMBs in their wallet or staking Umbrella staking streams in purchase to participate in the voting method.
This vote is meant to let rUMB holders to vote on Umbrella governance proposals with a fixed voting fat of .five (in contrast to a voting fat of one. per UMB).
View snapshot here
UIP 004: Vote to burn up one million UMB
The vote is offered to all UMB holders to make a decision the “fate” of one million UMB from the node. rUMB1 is now continuing to be distributed right up until the two. staking deposits are energetic.
As a consequence, Umbrella Network are unable to do a rUMB1 burn up as previously planned, so Umbrella Network is now on the lookout to burn up UMBs from unused nodes and spouse money in 2021.
Partnership in February
Umbrella Network partnered with MoonieNFT
MoonieNFT is a gamified DeFi platform exactly where consumers (gamers) can use their Moonies (MNY) to participate in a wide variety of routines to earn assured rewards (by means of Price Race).
The collaboration with Umbrella Network is a paradigm shift for MoonieNFT. Those, the gamers in Moonieverse will tremendously advantage from an genuine price tag feed of their major currency: MNY.
Read the total write-up here.
Umbrella Network announced partnership with CoinRisk
Umbrella Network and CoinRisk have announced a partnership in direction of the prevalent intention of producing dApps in distinct and the Web3 room in basic a safer and much more safe area for person consumers as effectively as for organizations.
CoinRisk offers in depth possibility management and audit providers to its clientele, this kind of as money companies.
Successful audit reviews are delivered as NFTs on the Blockchain that any person interested can search on the block explorer. In this partnership with Umbrella Network, CoinRisk will advise their group of clientele to use Umbrella Network’s decentralized strategies for all their information requires.
Read the total write-up here.
Umbrella Net shake hands with Submit protocol
Umbrella Network and Forward Protocol have collaborated to include FORWARD-USD trading pair information to Umbrella’s decentralized oracle.
This addition of information will let dApps to create on Submit protocol
generally have entry to an genuine, tamper-evidence supply of pricing information. As Level two information, FORWARD-USD pricing information will be out there totally free of charge for all dApps, not just individuals based mostly on them. Submit protocol.
Level two information on Umbrella Network is manufactured up of 1000’s of tiny and mid cap cryptographic information that is largely vulnerable to price tag attacks,
Read the total write-up here.
Umbrella Network announces the partnership with Greeneum
Umbrella Network and Greeneum have announced a multi-sector partnership to carry green information to the blockchain.
To this finish, each sides will jointly carry out a pilot undertaking to boost the use of green vitality in cryptocurrencies, make carbon credit score trading much more transparent and decentralized, and cooperate much more than in the Greeneum vitality industry.
Greenuem is a P2P platform that offers investments and incentives to dApps to get measures to lower carbon emissions and motivate the use of renewable vitality.
Read the total write-up here.
Umbrella Network launches a partnership with ChainWars
ChainWars is a CCG trading card game with P2E (Play2Earn) performance and cross-blockchain items, to carry a new technique to enhancing the decentralized gaming working experience for consumers. The undertaking primarily focuses on generating utilities for CWE tokens. They are utilized to spend for industry transactions this kind of as the obtain of Lootbox and other items. CWE / USD price tag information will be oracle Umbrella Network’s decentralized giving as information Level two.
Read the total write-up right here.
Umbrella Network produces a partnership with Unmarshal
Umbrella Network and Unmarshal have announced a partnership to build the Web3 room.
The to start with phase in direction of attaining the stated intention is to record Unmarshal’s MARSH / USD valuation information, which now exists as Level two information on Umbrella Network’s decentralized oracle.
Read the total write-up here
Umbrella Network establishes a partnership with Carry Finance
Umbrella Network and Carry Finance have signed a strategic partnership, with the Carry / USDT trading pair extra to Umbrella Network’s decentralized Oracle feed. Carry Finance is a decentralized cross-chain platform that permits consumers to wager a coin and create several tokens.
Sofiia Yanchuk, CMO Carry Finance, mentioned:
“Partnerships and collaborations with other DeFi tasks are an significant aspect of Carry. We are generally prepared to spouse with Umbrella Network and are very proud to have Umbrella Network as our new spouse. “
Read the total write-up here
Umbrella Network announces the partnership with Klever Finance
Umbrella Network and Klever Finance have worked with each other to carry a lot of positive aspects to the communities of each tasks.
While Klever Finance consumers / traders have entry to trade a new cryptocurrency (UMB) that powers the greatest decentralized oracle by trading volume, Umbrella Network has a further quote exchange and extra local community validator.
Read the total write-up here
AMA in January
Network x ChainWars umbrella
Jordi Murset, Director …
