Umbrella Integrates with Balmy
We’re excited to announce our partnership with Balmy to fuel recurring investments on Rootstock.
Our collaboration will enhance the functionality of Bitcoin’s DeFi landscape through the integration of Umbrella’s oracles using the on-chain data solution.
About Balmy
Balmy, formerly Mean Finance, is a decentralized home banking solution that reimagines how users interact with their assets in the DeFi ecosystem. With Balmy, users will be able to swap assets at the best prices, make recurring investments into their favorite tokens, track their investments and transfers, and easily send money across multiple EVM-compatible networks.
How Umbrella will support Balmy
Umbrella is set to enhance Balmy’s recurring investment strategies on the Rootstock blockchain, providing users with more accurate and reliable data for their automated dollar-cost averaging (DCA) investments.
The integration aims to deliver an efficient and secure investment experience using Umbrella’s on-chain data solution, ensuring users can make informed decisions based on precise market data.
Quote from the team
“Accurate pricing data is super important for our recurring investments on Rootstock. Partnering with Umbrella Network lets us use their oracle solutions to give our users real-time market data and boost the security of the whole process. We’re excited to team up with them to bring more trust and efficiency to Balmy.” — Alejo Amiras, CEO of Balmy
“Integrating Balmy is vital to our mission of delivering accurate and timely data for DeFi protocols. Umbrella’s on-chain data solutions enable Balmy to enhance the security and precision of their automated investment strategies on Rootstock. We’re thrilled to team up with them.”
— Dino Ivankovich, Umbrella Network’s Business Development & Partnership Manager
Conclusion
Balmy’s integration with Umbrella Network’s oracles marks another step forward in the Bitcoin DeFi landscape on Rootstock. By providing security and precision to Balmy’s automated investment strategies, users benefit from accurate, real-time market data.
Together, Balmy and Umbrella Network are driving the success of DeFi.
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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