Segment Finance Integrates with Umbrella Network
We’re excited to announce our partnership with Segment Finance, a leading lending and borrowing platform within the BTCFi and Superchain Ecosystem. This collaboration marks an important step for Umbrella Network as we expand our presence in the Bitcoin Layer 2 ecosystem.
By providing Segment Finance with accurate, real-time on-chain data, we’re helping drive the growth of this innovative platform, ensuring competitive incentives, deep liquidity, and a sustainable future for BTCFi money markets.
Introducing Segment Finance
Segment Finance is an advanced lending and borrowing platform designed for BTCFi and the Superchain ecosystem. It combines innovative tokenomics and reward distribution mechanics to ensure sustainable growth and robust performance.
As a leader in BTCFi, Segment Finance aims to offer the most competitive incentives for money markets, support a wide variety of assets, and provide the deepest liquidity, empowering users to maximize returns while driving the next wave of decentralized finance innovation.
How Umbrella Network will Support Segment Finance
Umbrella Network will support Segment Finance by providing fast, secure, and reliable oracle services, crucial for a lending and borrowing platform. Accurate, real-time market data is vital for ensuring fair lending rates, effective risk management, and preventing market manipulation.
By utilizing Umbrella’s rBTC/USD, DOC/USD, RIF/USD and USDRIF/RUSDT price feeds, Segment Finance will benefit from high-frequency, trustworthy price data, enhancing the platform’s ability to offer competitive interest rates, robust liquidity, and seamless transactions. This integration ensures a more efficient and secure borrowing and lending experience for users within the BTCFi and Superchain ecosystems.
Insights from both sides:
“We’re excited to partner with Segment Finance to bring accurate, real-time data to the BTCFi and Superchain ecosystems. It’s great to be part of their journey in making lending and borrowing more efficient. Looking forward to seeing where this collaboration takes us!”
— Dino Ivankovic, Head of Business Development and Partnerships
Reliable oracles are essential for lending protocols, which is why we always choose top-tier data providers. On Rootstock, we’ve partnered with Umbrella for the price feeds of four of our markets, ensuring greater reliability and security. We’re excited to expand our market portfolio on Rootstock with Umbrella Network’s support!
— Mert Altun, Head of Business Development and Partnerships
Conclusion
This partnership between Umbrella Network and Segment Finance marks an exciting advancement in the BTCFi and Superchain ecosystems.
By providing reliable, real-time data, rBTC/USD, DOC/USD, RIF/USD and USDRIF/RUSDT price feeds, Umbrella is helping Segment Finance enhance its lending and borrowing platform, ensuring fairer rates and more efficient transactions.
Together, we’re building a stronger foundation for sustainable growth, offering users a secure and seamless experience that will continue to drive innovation in the decentralized finance space.
About Umbrella Network
Umbrella Network, is a decentralized oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.
Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.
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