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Umbria DEX and Farming on Polygon is LIVE!
Posted 3 years ago 2021-05-24 13:09:07
BIG, BIG, BIG news… the DEX and MATIC-UMBR Farm are go!
You can now deposit your Umbria tokens (UMBR) alongside MATIC in the liquidity pool on our DEX. In return for providing liquidity, you’ll receive LP tokens and earn additional $UMBR and $MATIC. Because it’s on Polygon chain, swaps and liquidity providing will be super-fast and the fees ultra, ultra-low.
More liquidity pairs coming soon
UMBR-MATIC is one of the initial liquidity pairs on the DEX; others will be following quickly. You can create trading pairs for swapping and liquidity providing in the pools yourself. If an asset isn’t shown on our DEX, you can list any ERC20 token that's on Ethereum and the Polygon mapper, and any ERC20 contract deployed on the Polygon chain simply by providing liquidity. This will enable instant asset swaps.
· Go to this page to configure your MetaMask wallet and connect to the MATIC Mainnet in order to access the Umbria Layer 2 Farm and Exchange
Farming
You can add your UMBR-MATIC LP tokens to the farm, which can be accessed here, to earn more UMBR. This is a portion of the one token minted per minute, according to how much you have staked. Current APY Is 355.8%.
The latest farm will work in a similar way to Umbria’s existing UMBR-ETH farm. However, the fees to enter and exit will be almost nothing. Farming will soon be extended to other unique and interesting liquidity pairs not featured on other DEXs.
@JAGWAK001 has created a great ‘How to’ explaining the process for farming UMBR on Polygon. Read it here.
Have fun, and happy farming!
The Umbria Team