Umbrella Network Partnership with Autobahn Network
The partnership with Autobahn Network goes much deeper than just the addition of their pricing data as Layer-2 data. It has two components:
- Addition of TXL/USD Pricing Data as L2D: To enable dApps and other smart contracts to directly receive the TXL/USD pricing data without any centralized sources
- Umbrella’s Passport Beta Integration in Autobahn Network: So that Autobahn network can receive the thousands of data pairs directly into their smart contracts at a convenient cost, and can be served to the clients and projects building on Autobahn Network’s L2 solution.
For example, without Umbrella Network, dApps that needed data that was anything less than widely popular would have to source that from centralized sources. With Umbrella Network, that data, previously unavailable, can now be served directly into smart contracts — in a decentralized manner!
Using Umbrella’s Passport Beta solution would enable Autobahn Network to receive those thousands of data points into their smart contracts, but also offers them the opportunity to serve it into the smart contracts of projects building on Autobahn Network.
This would automatically make the DeFi dApps, GameFi projects, and NFTFi offerings on Autobahn Network safer from a data sourcing and resistance to price oracle attack standpoint. As early adopters of Passport, the Autobahn team will provide direct feedback about the solution for the Umbrella team to identify improvement areas.
“We’re very excited to be working towards making DeFi, gaming, and NFTs more accessible to a wider audience via our partnership with Autobahn Network. Together with our decentralized price feeds, the goal is to offer dApp developers the unbeatable combination of low-fees, fast transactions, and validated on-chain data.” — John Chen, President at Umbrella Network
“We’re also excited to collaborate with Autobahn on our Passport solution. Passport ensures that customer smart contracts receive reliable oracle data feeds without having to build their own off-chain workers. By automating the process, Layer-2 data becomes available on-chain and can be served directly into smart contracts. It’s a more cost-effective and reliable way than any 3rd party or in-house solution.” — Umbrella Engineering Lead Eugenio Di Santo
“We are extremely happy to partner and work with Umbrella Network as they help us move towards a more decentralized future for the Autobahn network. This partnership creates a great opportunity to provide us with one of the largest ranges of data pairs further improving the security for all projects joining the Autobahn Network.” — Christian Eichinger, co-founder at Autobahn Network
Autobahn Network
The Autobahn Network is a Layer2 Optimistic Rollup created to support and scale the BNB Smart Chain (BSC; formerly known as Binance Smart Chain) network. Using Optimism’s open source code, the Autobahn was built as a rollup designed to batch process transactions to reduce usage and cost on the BNB Smart Chain base layer.
Umbrella Network
Umbrella Network is a scalable, decentralized, and community-owned oracle that utilizes Layer 2 technology to integrate real-time data into smart contracts for accurate and timely reports. Umbrella Network brings the world’s data to blockchains to enable DeFi applications to perform at the optimum level regarding precise information dissemination. It believes a decentralized oracle is paramount to creating a truly decentralized financial space.
