Umbria Narni Bridge x Aavegotchi: First Look
The Umbria Narni bridge now supports the cross-chain migration of Aavegotchi token (GHST) between the Ethereum and Polygon networks.
Now there is a cheaper and faster way to transfer GHST tokens from Ethereum to Polygon and back again. Introducing the Umbria Narni Bridge, a cross-chain bridging solution which offers a superior user experience.
What is the Narni Bridge?
The Narni Bridge is a liquidity-provision bridge. This means that as well as being able to bridge tokens quickly and cheaply, anyone can lend their assets (ie be a liquidity provider) to the bridge to facilitate other participants’ bridging. Liquidity providers earn fees whenever their assets are used for bridging. Unlike the traditional validator bridge offered by Polygon, Umbria’s Narni Bridge does the validation legwork, which greatly speeds up and cheapens the process.
Tests conducted by the Umbria team have shown great improvement in bridging time and speed:
Bridging GHST using Polygon Official Bridge
Cost: $110 — $140
Speed: 48 Minutes
Bridging GHST using Umbria Narni Bridge
Cost: $50
Speed: 4 Minutes
Bridging GHST tokens using the Narni Bridge- Anyone can bridge GHST tokens between Ethereum ← → Polygon using the Narni Bridge front end at: https://bridge.umbria.network
How to provide GHST liquidity to earn APY
You can provide GHST liquidity to the Umbria Narni bridge and earn more GHST every five minutes with no impermanent loss. Each time someone uses the bridge, the bridge takes a 0.5% fee. Of this, 0.2% is given to the liquidity providers of the token in question — in this case GHST — and 0.3% is given to those who’ve staked UMBR (Umbria’s native token) in the bridge.
To provide GHST liquidity, first go to: https://bridge.umbria.network/pool. You will see a list of available assets.
Now users can bridge GHST infinitely cheaper and faster AND earn APY on your tokens. WIN WIN.
About Umbria Network
Umbria is a decentralised protocol (Defi) which enables the creation of tokenised money markets. These money markets will enable users to accrue interest.