Umbrella Network Partners With Armor Finance
Armor Finance to source data for their innovative Shield Vaults from Umbrella Network’s decentralized oracles.
Umbrella Network continues its forward march and is excited to announce the latest partnership with Armor Finance, a leading DeFi insurance coverage aggregator that allows users to protect funds held on a variety of DeFi protocols with an easy, self-adjusting, pay-as-you-go process.
tl;dr
- Armor Finance recently announced an innovative new product — Shield Vaults that offers coverage-bearing tokens, which automatically provide cheaper coverage without ever needing any maintenance or renewals
- However, the complex and demanding data requirements for these products were difficult for other oracles to handle effectively
- Via a partnership with Umbrella Network, Armor Finance will be able to fulfill their data needs — comprehensive, low-cost, secure, and up-to-date!
About Umbrella Network
Umbrella Network is a 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.
About Armor Finance
Armor Finance makes investing in DeFi as safe as possible with crypto-native, dynamic smart coverage aggregation. As a decentralized brokerage, Armor Finance’s innovations provide on-demand, real-time coverage and non-custodial security solutions for user assets. Armor Finance’s focus is on building an ecosystem of interoperable protocols and products to secure and scale mass adoption of DeFi both with institutions and individuals.
