Unmarshal and Umbrella Network to support Smart Contracts with Price Feeds
User expectations appear to be rising as the web3 space expands at an exponential rate, with users desiring a seamless experience that integrates real-world and on-chain data. Unmarshal is a spearheading data platform that delivers on-chain data to over 500+ smart contracts. In addition to on-chain data, the smart contract developers we serve have felt the urge to incorporate real-world price feeds into their smart contracts. An oracle that can support constant feeds to their applications.
We are pleased and proud to announce a formal strategic alliance with Umbrella Network — the first truly decentralized oracle service. Because Umbrella is a pioneer oracle, the collaboration with them was quite organic and evident. The collaboration is intended to benefit all of our partners, clients, and prospective clients with exhaustive web2 data that can make the smart contracts advanced by connecting with all the data it needs in a secure and cost-efficient way.
“We’re excited to be partnering with Unmarsha lto help make available the Web3 data in the web2 ecosystem. The addition of their MARSH/USD pricing data as Layer-2 data on our decentralized oracle shall go a long way in building our shared goal of helping grow the web3 ecosystem of dApps.” — John Chen, President at Umbrella Network
“We are thrilled to partner with Umbrella network as we start building our decentralized network. Having a common goal of delivering authentic and granular data to dApps, it was natural for us to come together. We are also excited to announce native support of MARSH price feed on Ethereum and BSC through UMB’s oracles.”
— Manohara Kolagondanahalli, CEO and Founder of Unmarshal
Our collaboration will enable developers to link two types of datasets: First-Class Data (FCD) and Layer 2 Data (L2D). First-Class Data will include some of the most commonly used data sets and will always be available on-chain. Layer 2 Data, on the other hand, is a comprehensive data set that includes crypto pairs, indexes, implied and realized volatility, and so on.
Umbrella Network, on the other hand, is providing Unmarshal with MARSH-USD price feeds to support the in-house applications that we hope to build in the future.
Our alliance is expected to significantly increase the throughput of blockchain applications, reducing the amount of time and cost required to bring real-world data on-chain.
Unmarshal is a Multi-chain DeFi data network aiming to deliver granular, reliable & real-time data to dApps. It provides the easiest way to query Blockchain data from Ethereum, Binance Smart Chain, Polygon, Zilliqa, XDC and Solana. Unmarshal network consists of data indexers and transforming tools to power DeFi applications on any chain.
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For any queries, reach out to us at email@example.com