A Transformation Story: The Evolution of Elrond to MultiversX

Since its inception in 2017, Elrond has undergone a remarkable transformation, redefining its identity and mission. As of 2022, the project has rebranded itself as MultiversX with a renewed focus on delivering a highly scalable, secure, and decentralized blockchain network dedicated to enabling new applications, with a particular emphasis on the metaverse.

Pioneering the Provision of Third-Party Oracle Services in the MultiversX Ecosystem

Umbrella Network is thrilled to be the first third-party oracle provider in the MultiversX ecosystem. Its role in enabling dApps to effortlessly access real-world data on-chain and bridge the gap between the blockchain and external information sources is crucial.

The Umbrella Network’s mission is to provide a complete range of data solutions that address the diverse and ever-changing data requirements of the Multiversx ecosystem. This includes financial data, weather information, market feeds, and other essential data sources necessary for the success of all developmental projects.

“Partnering with Multiversx marks a significant milestone in our journey. We are excited to become the first oracle provider in the Multiversx ecosystem, enhancing and empowering smart contracts that need real-world data on the chain. We look forward to working closely with MultiversX to help grow their ecosystem and ensuring that dApps have access to the data they need to thrive”, —Philippe, Partnerships Manager at Umbrella.

About Umbrella Network

Umbrella Network is a decentralized Oracle service that provides blockchain projects with secure, scalable, and customizable data solutions. The network offers smart contracts a broad suite of solutions, whether it is high-frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.

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Ashswap partnership with Autoscale — a unique gem in MultiversX with many potentials with their yield optimization features.

The Vision

While Ashswap & Autoscale are build on the MultiverseX blockchain, and their features are also related to DeFi, both of them will have lots of opportunities to do things together to enhance the MultiverseX DeFi ecosystem. Integrating both projects will create more ways for users to invest their assets with the best profit, time-saving & also able to track their portfolio improvement passively.

About Autoscale

Autoscale the first yield optimizer on Elrond(now MultiversX), allow you to earn better interest on your crypto.

Two main things you need to remember are Vaults and Strategies.

• Vaults are where you deposit your funds, and Strategies will do everything for you.
• Strategies are develop by the Autoscale team for different assets and will be used for passively maximizing your yield; there are plenty of strategies, such as auto-compounding for LKMEX, or EGLD-USDC,…

Both Vaults & Strategies on Autoscale are secure & enforce by smart contracts.

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About Ashswap

AshSwap the first decentralized exchange built on the MultiverseX blockchain that allows users to trade between stable assets with high volume and small slippage. As Elrond grows to become the infrastructure of DeFi, more types of stablecoins will flow in, and users will need a place to swap them.

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