Umbria Network’s Narni Blockchain Bridge

Umbria’s commitment to a superior user experience in DeFi is the catalyst for the development of a first-of-its-kind blockchain bridge. This will very soon facilitate easier, quicker and cheaper transfer of assets between different blockchain ecosystems. With the bridge, we're looking forward to a future of cross-chain liquidity and growing the Umbria ecosystem.

Why the need for the Narni Bridge?

In a word: interoperability.

Umbria’s bridge was conceived with the practical aim of removing the barriers associated with many other bridges; we'll be providing quick, frictionless and cost-effective cross-chain transactions. The plan is to launch within weeks for transfers between Polygon-ETH chains.

Currently anyone moving assets from Ethereum to the Polygon network can experience slow transaction speeds, high fees and the confusing technical challenge of configuring their cryptocurrency wallet to work with multiple chains. By using a different transfer mechanism to comparable bridges, the Narni ‘insta-bridge’ will ensure users can quickly and economically migrate assets from one network to another in just a few clicks. The Narni insta-bridge will also automatically suggest the correct configuration for Metamask to track assets on the pertinent networks. 

The roll out will happen in stages. The first integration will be with Ethereum Mainnet and Matic Mainnet to facilitate transfers of Umbria’s governance token UMBR. The second stage will see the bridge compatible with other assets and other EVM (Ethereum Virtual Machine) compatible chains.

 

“The release of Narni will be a watershed moment in providing our community with an improved user experience across our DeFi products and services. Narni will be a hub for transferring between chains and solve the current issue of lack of blockchain interoperability and scalability,” commented Barney Chambers, co-lead and co-founder of Umbria Network. “We are moving towards being blockchain agnostic; ultimately Umbria’s bridge will realise full frictionless interoperability between a universe of chains.” 

 

Narni will also make the superior features afforded by the Umbria DEX and Umbria farms much easier to access and will open up the platform to a wider audience.

Providing liquidity to the bridge - high APY

Another key feature will be the ability to provide liquidity to the bridge to earn high APY. On launch, this facility will be available for UMBR on both the Ethereum and Polygon networks and will be quickly extended to other assets. 

Liquidity provision on the Narni bridge will be a compelling proposition for stablecoin farmers, who usually generate low APY when pooling. We expect the majority of bridged assets to be stablecoins such as USDT and USDC - subsequently earning a large volume of fees for the liquidity providers. These fees will potentially generate far greater APYs than those offered in traditional DeFi farming as liquidity is used more efficiently than in traditional AMM pools.

Why Narni? 

 

 

The name of “Narni” comes from the famous Bridge of Augustus, a Roman arch bridge in the Italian city of Narni in the Umbria region.

 

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Stay tuned to our social media channels for details of our upcoming Narni AMA.