Umbrella Network Announces Partnership with Wowswap

Published on: 17.05.2021

Users of Wowswap can buy or sell their tokens with 5x leverage by borrowing BNB from lending pool. This partnership brings accurate price feeds in leverage trading using Umbrella Network’s oracles.

 

Umbrella Network

Scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, allowing for the batching of data to smart contracts accurately, securely, and inexpensively.

 

WOWswap

Fully community-owned protocol based on a simple idea: liquidity providers can create a BNB pool , and traders can borrow these funds to buy up to 5 times more tokens on Pancakeswap DEX.

 

Source

https://medium.com/umbrella-network/umbrella-network-announces-partnership-with-wowswap-c5cf76926abc

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