Financial Services - , ,
Umbria is a decentralised protocol which enables the creation of tokenised money markets. These money markets will enable users to accrue interest.With Umbria, you will be able to lend or borrow any ERC20 contract for a fraction of the cost of traditional DeFi platforms. Additionally, Umbria users will earn governance tokens for lending and borrowing on the Umbria platform. -----Ethereum is a tried and tested blockchain unlike any other. The main problem with current DeFi solutions is that it is too expensive for the masses to add liquidity to Liquidity Pools (LPs). Umbria is the solution to this. Umbria will use level 2 Ethereum technologies to drastically reduce the cost of using DeFi platforms.
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