Umbria is a decentralized protocol, which enables DeFi (Decentralised Finance) applications on the Ethereum blockchain. It aims to demystify and simplify DeFi and get people earning income on their crypto. On the Umbria network, anyone will gain access to a developing suite of services created by smart contracts.
You can buy UMBR on UniSwap and add liquidity to earn fees. A user of Umbria will soon be able to swap tokens and earn interest on their cryptocurrency positions on the Umbria website with other facilities coming online (via developers and community initiatives) which will utilise the Umbria protocol and its utility token. One of the initial features of Umbria is that it will allow users 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. The Umbria governance token will also allow users in the network to take control over decision-making and have voting power over the development of Umbria’s protocol.
UK-publicly listed Online Blockchain plc (LSE:OBC) is acting as Umbria’s coordinator, administrator and advisor.