Umbria Network is Official Partner of the Crypto AM DeFi & Digital Inclusion Summit
May 17 2021 - 7:00AM
InvestorsHub NewsWire
Umbria
Network
is Official Partner
of the
Crypto
AM DeFi & Digital Inclusion Summit
- Umbria presenting alongside CUDOS,
Aave,
Coinintelligence,
CryptoCompare and other leading names -
Umbria
Network
is a key participant and
official partner at
the
Crypto
AM DeFi & Digital Inclusion
Online
Summit on
Thursday, 20th
May 2021.
Opened by the Lord Mayor of
London and
backed by City AM, the
free
six-hour
online event will
include
talks and vibrant panel discussions
from
a
roster of 30
leading
experts in the blockchain
and DeFi fields.
CUDOS,
Coinintelligence
Fund, Aave,
Boson
Protocol,
Brave,
CryptoCompare and
Ziglu
are
just
some
of the names taking
part.
The evolution
of DeFi and
its potential for growth, smart
contract
audits and
smart
contract
cyber security,
DeFi
investments and staking,
regulation
and - key theme - digital inclusion are
just some of the topics that will be discussed.
Barney and Oscar Chambers,
co-lead
developers and founders of
Umbria, will
take to the virtual stage at 7:20PM-7:40PM BST where
they
will
discuss
how
Umbria
(https://umbria.network/)
is
removing the
barriers to entry for
DeFi.
Their talk will cover:
-
Lack of accessibility for beginners entering the
space
-
how
Umbria is
creating a user-friendly experience so that decentralised finance
is open to anyone
-
Ethereum fees and transaction speed -
what
Layer 2 does for DeFi and how Umbria
is implementing
it
-
DeFi project trust issues -
Umbria
has
AIM-listed Online Blockchain plc as its co-ordinator, administrator
and advisor. This brings a high
level of trust, credibility and transparency to the
project;
something quite rare in the DeFi space
"It's been an extraordinary fourteen months since Crypto AM held
its inaugural awards in Canary Wharf and next month we celebrate
our third birthday. During the pandemic however, the digital divide
has grown wider and the need for digital inclusion ever more
urgent. The Crypto market is in full growth mode with the raging
bull that is DeFi taking the spotlight," said James Bowater,
Founder &
Editor at Large of Crypto AM. "It seemed fitting therefore, as
preparations for our great City of London to fully reopen
continue,
to
stage a virtual event. I am extremely grateful to
Coinintelligence,
our
sponsor CUDOS and our official partners including - of course -
Umbria Network for
stepping
up
to make it
happen."
The
Crypto
AM DeFi & Digital Inclusion Online Summit is
on
Thursday, 20 May 2021
-
2pm-8pm
BST.
For
more details and to register
for
the free event use
the following link:
https://hopin.com/events/crypto-am-cointelligence-fund-defi-digital-inclusion-summit
-
ends -
About Umbria
Umbria is a decentralized
protocol that is creating low-cost and easy-to-use DeFi
applications by leveraging Layer 2 technology on
Ethereum.
It aims to demystify and
simplify DeFi and get people accessing innovative financial
services and products as well as earning income on their
crypto. Using cutting edge-layer two
technology developed by Polygon (formerly Matic), Umbria is
developing a suite of popular DeFi features at fractional on-chain
cost of many current DeFi platforms with greater transaction speed
while maintaining all the cryptographic security provided by
Ethereum.
Umbria is forking the best
features of current DeFi projects and simplifying the
over-complicated user-experience, which currently acts as a barrier
to entry for those with limited experience and knowledge of
cutting-edge cryptocurrency technologies.
The Umbria governance token is
available on Uniswap
where users can add
liquidity to earn fees. They can stake their Uniswap LP tokens in
the Umbria Farm, which is currently paying 196% APY (as of May
12th, 2021).
The Umbria token will also
enable users in the network to take control over decision-making
and have voting power over the development and governance of
Umbria's protocol.
Umbria Network's Layer 2 DEX is
in alpha and fully functional. Users will soon be able to deposit
cryptocurrency as liquidity in AMM (automated market making) pools
to earn fees from token swapping and earn additional Umbria as an
incentive for providing liquidity to certain pairs. Asset swapping
on the Umbria DEX and official liquidity pools are scheduled for Q3
of 2021. Transaction fees for swapping ERC20 tokens were less than
$0.001 on testing.
Other facilities will continue
to come online (via developers and community initiatives) which
will utilise the Umbria protocol and its governance
token.
UK-publicly
listed Online
Blockchain plc (LSE:OBC)
acts as Umbria's coordinator, administrator and advisor.
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