Umbria Layer 2 DEX on Polygon - Exciting times

Hurrah! We've completed the first phase of our Layer 2 DEX development 🎉

The Umbria Dex is currently in alpha and is fully functional with asset swaps and liquidity provision both successfully tested; it's a modified version of SushiSwap with extra governance features. The news just gets better as, on testing, the transaction fees for swapping ERC20 tokens were less than $0.001. 

We're currently building out the user interface with asset swapping on the Umbria DEX and official liquidity pools (that will provide bonus UMBR for liquidity providers) scheduled for Q3 of 2021, which is in line with our roadmap

Umbria Token List 

The Umbria token list includes the ERC20 assets that you will be able to swap and provide liquidity for on the Umbria DEX and includes the likes of $AAVE $COMP,  $CEL $LINK and $QUICK. Take a look at the full list here.

Farming 

The next farm will be on Polygon chain and will be for the UMBR-MATIC liquidity pair. It will work in a similar way to our existing Ethereum farm but fees to enter and exit will be much lower. We'll continue to create farms with the most favourable APY possible.   

“There are many developments and features in the pipeline, which will get our community excited. Fast, low-cost transactions and attractive APY are key for the project,” said Oscar Chambers, Co-lead developer of Umbria.

 

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Head over to the Umbria Discord channel and Telegram to hear about the latest developments first