LONDON, May 17, 2021 /PRNewswire/ -- Umbria Network is a
key participant and official partner at the Crypto AM DeFi &
Digital Inclusion Online Summit on Thursday, 20th May 2021.
Opened by the Lord Mayor of London and backed by City AM, the free
six-hour online event will include talks and vibrant panel
discussions from a roster of 30 leading experts in the blockchain
and DeFi fields.
CUDOS, Coinintelligence Fund, Aave, Boson Protocol, Brave,
CryptoCompare and Ziglu are just some of the names taking part. The
evolution of DeFi and its potential for growth, smart contract
audits and smart contract cyber security, DeFi investments and
staking, regulation and - key theme - digital inclusion are just
some of the topics that will be discussed.
Barney and Oscar Chambers,
co-lead developers and founders of Umbria, will take to the virtual stage at
7:20PM–7:40PM BST where they will discuss how Umbria (https://umbria.network/) is removing
the barriers to entry for DeFi. Their talk will cover:
- Lack of accessibility for beginners entering the space -
how Umbria is creating a
user-friendly experience so that decentralised finance is open to
- Ethereum fees and transaction speed - what Layer 2
does for DeFi and how Umbria is
- DeFi project trust issues – Umbria has AIM-listed Online Blockchain plc as
its co-ordinator, administrator and advisor. This brings a high
level of trust, credibility and transparency to the project;
something quite rare in the DeFi space.
"It's been an extraordinary fourteen months since Crypto AM held
its inaugural awards in Canary Wharf and next month we celebrate
our third birthday. During the pandemic however, the digital divide
has grown wider and the need for digital inclusion ever more
urgent. The Crypto market is in full growth mode with the raging
bull that is DeFi taking the spotlight," said James Bowater, Founder & Editor at
Large of Crypto AM. "It seemed fitting therefore, as preparations
for our great City of London to
fully reopen continue, to stage a virtual event. I am extremely
grateful to Coinintelligence, our sponsor CUDOS and our official
partners including - of course - Umbria Network for stepping up to
make it happen."
The Crypto AM DeFi & Digital Inclusion Online Summit
is on Thursday, 20 May 2021 -
For more details and to register for the free event use the
Umbria is a decentralized
protocol that is creating low-cost and easy-to-use DeFi
applications by leveraging Layer 2 technology on
It aims to demystify and simplify DeFi and get people accessing
innovative financial services and products as well as earning
income on their crypto. Using cutting edge-layer two
technology developed by Polygon (formerly Matic), Umbria is developing a suite of popular DeFi
features at fractional on-chain cost of many current DeFi platforms
with greater transaction speed while maintaining all the
cryptographic security provided by Ethereum.
Umbria is forking the best
features of current DeFi projects and simplifying the
over-complicated user-experience, which currently acts as a barrier
to entry for those with limited experience and knowledge of
cutting-edge cryptocurrency technologies.
The Umbria governance token is
available on Uniswap where users can add liquidity to earn fees.
They can stake their Uniswap LP tokens in the Umbria Farm, which is
currently paying 196% APY (as of May
The Umbria token will also
enable users in the network to take control over decision-making
and have voting power over the development and governance of
Umbria Network's Layer 2 DEX is in alpha and fully functional.
Users will soon be able to deposit cryptocurrency as liquidity in
AMM (automated market making) pools to earn fees from token
swapping and earn additional Umbria as an incentive for providing liquidity
to certain pairs. Asset swapping on the Umbria DEX and official
liquidity pools are scheduled for Q3 of 2021. Transaction fees for
swapping ERC20 tokens were less than $0.001 on testing.
Other facilities will continue to come online (via developers
and community initiatives) which will utilise the Umbria protocol and its governance token.
UK-publicly listed Online Blockchain plc (LSE: OBC)
acts as Umbria's coordinator,
administrator and advisor.
Francesca De Franco
+44 794 125 3135
SOURCE Online Blockchain plc