After announcing UniFarm Cohort 7 in which $UFARM can also be staked for the first time, we are thrilled to announce that we have partnered with Umbrella Network.
Umbrella is a truly decentralized oracle service provider. It provides low-cost oracle services which are massively scalable and highly secured for smart contracts.
How Will This Partnership Work?
With this strategic partnership, both UniFarm and Umbrella Network will be collaborating on multiple fronts.
UniFarm will utilize Umbrella’s oracles to source secure as well as accurate price feeds for tokens on UniFarm.
Umbrella, with this partnership, has also joined UniFarm Cohort 7 where their token can be staked on Binance Smart Chain. Users can stake $UMB and farm not just $UMB but also $ORO, $UFARM, $UDO and $COOK. This allows massive optionality in terms of parking funds for the entire Umbrella community.
“We are delighted to announce our partnership with UniFarm and to be able to provide them with secure, accurate price feeds to support all of the tokens on their platform. Additionally, we look forward to joining their latest decentralized farming pool, Cohort 7, alongside other like-minded projects to offer a more unique and attractive staking experience for users,” said Sam Kim, Founding Partner of Umbrella Network.
In UniFarm Cohort 7, we have brought together 5 most amazing projects to create a farming pool that will last for 180 days offering a maximum APY of 250%.
“We are thrilled to announce our partnership with Umbrella Network, and warmly welcome them into our latest Cohort 7 staking program and into our community. We look forward to working with Umbrella across both our token farming programs, as well as through the use of their innovative oracle solution,” said Mohit Madan, CEO of UniFarm.
Umbrella Network is a community owned decentralized oracle service providing secure, low cost, and massively scalable data solutions to blockchain applications.
At the center of the Umbrella Network is the $UMB token which helps in securing the network and is used by the community to stake, vote on key representatives, and earn rewards & user fees. Umbrella solves the scalability problem in oracles by leveraging a layer 2 solution and utilizing Merkle trees for batching transactions.
UniFarm is one of a kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well. Powered by OroPocket.