Umbrella Network announces the transition to UMB Tokens for Rewards Program, simplifying the Reward Process and improving community alignment. Umbrella has recently announced that it will be making several changes to its rewards program. The expected date for rUMB2 redemption is planned for 14 March 2023. One major change is…

Umbrella and Surfer Monkey partner to develop blockchain-based proof of solvency solution for centralized exchanges. The recent FTX situation has brought increased attention to the importance of transparency in centralized entities, particularly in the exchange industry. As users demand more accountability and security from these platforms, there is a growing…

Welcome to the recap of our latest Umbrella Table Talks. In the latest Twitter Space hosted on February 14th , the Umbrella team shared insights on the latest updates and product developments. From achievements to upcoming plans the Umbrella team gave a clear overview about its roadmap progression. Let’s dive…

Umbrella welcomes its first grantee, A Kingdom Divided, to the Oracle Grant Program. Umbrella Grant Scheme Launching its Oracle Services grant program a week ago, Umbrella continues in the commitment to support innovative projects and drive web3 development/growth. After receiving many applications Umbrella is delighted to announce its first grantee…

To celebrate the recent deployment of the new Multichain smart contract architecture, Umbrella is excited to announce the launch of a new grants program that will provide free access to users of our Oracle services. Umbrella is thrilled to announce the launch of its Oracle Services Grant Program to support…

2023 is here and this year, Umbrella will keep on building to best position its oracle services in the market. We are happy to share our tech roadmap with you, a comprehensive plan outlining the development and implementation of new features of our oracle over the next few months. We…

With 2023 just started, Umbrella Network takes a step back to look at some of the achievements that were made in the past year. In spite of the many challenges that 2022 brought, it has still been a year of change and growth for Umbrella, with many milestones hit and…

Umbrella’s new Multichain smart contract is now live on AVAX. …

Background: Our current rewards programs (Hadley, Polar and Astro) distribute rewards in rUMB tokens (rUMB1, rUMB2, rUMB3, & rUMB4) and these can be eventually converted to UMB on a 1:1 basis. Proposed changes: By around February 2023, rUMB to be discontinued and all future staking programs to emit UMB as…