Support for ETH and MATIC has been implemented into Umbria Network’s ultra-low-cost liquidity bridge. The Narni Cross-chain Bridge can now be used for ultra-fast transfers of ETH, MATIC, USDT, and UMBR.
The Narni Bridge connects the Ethereum and Polygon networks, allowing exceptionally quick and cheap cross-chain transfers of native tokens between them. ETH, which was launched first, can be bridged from the Ethereum to Polygon Network for as little as $2.56 in gas, which is significantly less than other bridges. The advantages of utilizing the Narni Bridge made it highly popular among DeFi participants, and have especially caught the attention of the Zed Run community, who had previously been hampered by prohibitively expensive gas fees.
Beyond the advantages offered by the speed and low price of the service, the Narni Bridge also provides an APY that pays liquidity providers. The “Pool and Earn” function allows users to earn APY whenever other participants bridge a specific token between networks, by lending their own tokens to the bridge to provide liquidity. Anyone currently providing ETH to the Polygon pool has received up to an astounding 70% APY with no impermanent loss.
“We’re seeing great momentum now with the Narni Bridge and a very pleasing increase in Total Value Locked (TVL). Lots of people are bridging, which in turn attracts more liquidity providers who are enticed by the interest they can earn on the asset they supply,” said Oscar Chambers, Co-lead developer of Umbria. “More chains and assets are coming online imminently; we’d love to hear from the DeFi community about what they’d like to see next on the Narni Bridge.”
Further information can be found here: bridge.umbria.network/docs.