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The highly anticipated Narni Bridge switches to Beta, becoming available to the public – Umbria Network announces.

The bridge – bridge.umbria.network – offers a quick and easy solution to cheaply transfer assets between different blockchains. For the moment, it allows users to transfer Umbria’s governance token, $UMBR, between the Ethereum Mainnet and Matic Mainnet. The bridge’s functionality, however, shall extend to be compatible with a number of other assets and blockchains.

Transfers are not the only process facilitated by the Narni Bridge. Users can ‘pool and earn’, meaning that they can collect fees by providing liquidity to the bridge (bridge.umbria.network/pool). Liquidity providers receive a 0.2% share at every transfer between two blockchain networks executed through the bridge. They can provide an asset to the bridge and earn interest in the supplied native asset. Though this option is currently only available for UMBR on both the Ethereum and Polygon networks, it is expected to be further extended.

This facility might prove particularly profitable for stablecoin farmers. Due to their widespread use in arbitrage and trading, stablecoins are likely to be the most frequently bridged assets, resulting in larger fee generation for liquidity providers.

Umbria also announced the launch of Connect Portal, a platform, which allows users to connect their Metamask wallet to any EVM compatible chain quickly and easily. Instead of manually configuring RPC connections, users can utilize the Connect Portal to configure their wallet to interact with their assets on the appropriate network with the press of a button.

“We’re delighted to bring a game-changing product to the DeFi community and are looking forward to developing Narni into a main hub for cross-chain transactions,” said Barney Chambers, Co-lead developer of Umbria. “We believe Narni will be a gateway for introducing a large audience to the Umbria ecosystem.”

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