Umbrella Network Weekly Recap

The first decentralized oracle service, Umbrella Network Weekly Recap: Week of May 3rd, 2021.

They formally kicked off BSCMonth during the month of May, as they expanded from Ethereum over to Binance Smart Chain. A ton of press coverage on move over including the following notables ones from Cointelegraph, Coindesk TV (Interview), Bitboy Crypto, and Altcoin Buzz.

They also released some content related to move to BSC so take a look if you missed it. Sam Kim released a video on what to expect during BSC Month — here. And a great article that goes into detail about the cost differentials between ETH and BSC — here.

They also launched newly redesigned website and staking portal, so check that out as well! They have now incorporated real-time daily yield calculations onto staking portal, so you can visit there to get the latest updates.

They announced partnerships with 3 BSC focused projects this week with Smoothy Finance, Unifarm, and BlockBank.

What is 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. Umbrella believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.

📰 INFO:

https://medium.com/umbrella-network/umbrella-network-weekly-recap-week-of-may-3rd-2021-71bb21d93d39