Umbrella Network

It is with a heavy heart that we announce Umbrella Network will be ceasing operations in September 2025. It has been an incredible few years since our founding in 2021. Since then, we have launched our innovative Layer 2 oracle solution, our Bridge and Passport solutions, expanded into new ecosystems, and developed our current on-chain oracle solution and partnerships with well-known Layer 1s. We have accomplished so much together. However, the difficult environment for smaller data solutions and infrastructure providers, along with a prolonged crypto winter for smallcap projects, has severely affected our treasury over the course of the past several years. While the team did their best to cut costs and preserve capital to extend the runway, we are now in a critical position. In light of this, we have decided to initiate a controlled shutdown of operations, with our focus remaining, as always, on our community, customers, and partners. Key Information for $UMB Holders - Our oracle, Passport, and Bridge products will cease operations on September 30, 2025. - The Staking program will continue to run as planned until March 20, 2026. - $UMB token will continue to be listed in current CEXs and DEXs, the liquidity on Uniswap and Pancakeswap provided by the team will remain, though there will be no guarantee on the future status of the token listed on current CEXs. We want to thank all of you for your support over the years. You have been an incredible community. We will publish more information about the shutdown process in the coming weeks.

By the end of today, Umbrella Network will officially cease all operations. It has been an incredible four years. We are profoundly grateful for the dedication and support from our team, validators, partners, and—most importantly—our dedicated community. We simply could not have made it this far without you. Key Information for $UMB Holders: - Staking Portal: Remains operative until March 20, 2026. Please remember to claim your rewards before this date if you want to do it through the site. - Trading: $UMB remains tradeable on Gate.io, Uniswap v2 and PancakeSwap. - Code: Our open-sourced code will remain on GitHub. We hope it will contribute to the continued innovation of the oracle space: github.com/umbrella-network This marks the end of our journey. Thank you for being a part of the Umbrella Network story. #UmbrellaNetwork #UMB

☂️Speed is king. ☂️ Fast oracles ensure DeFi traders can capitalize on market movements instantly. Slow oracles create windows for malicious actors to exploit price differences. Even a few milliseconds’ delay can mean a catastrophe. As an advanced, customizable oracle solution, we offer flexible update frequencies allowing protocols to tailor it based on their needs

Centralized oracles = single point of failure Choose decentralization.

Faulty oracles can drain millions in seconds. Short trip down memory lane: Synthetix: In 2019, a single oracle misreported Korean Won prices 1000x, risking $1B. Compound: In 2020, a Coinbase oracle error mispriced DAI, triggering $89M in liquidations. Mirror Protocol: In 2022, outdated Terra oracle data enabled a $2M exploit. Mango Markets: In 2022, manipulated low-liquidity token prices via flash loans stole $114M Be safe and mitigate risk with: 🔒 Multi-source data aggregation 🔒 Decentralized oracle networks (Umbrella) 🔒 Regular audits & anomaly detection Prioritizing oracle security is non-negotiable

☂️Not all oracles work the same way… There are two key models: 🫸Pull: Smart contracts request data on demand 🫷Push: Data is automatically updated on-chain at regular intervals Both are essential to keeping DeFi running without any hiccups One ecosystem can need both models to fuel their dApps A thriving ecosystem needs both to fuel their next-gen apps. Umbrella leads the way in both. Ready to build with the best?

Oracles are the key between blockchain and the real world, bringing data on-chain to power the smart contracts you interact with. ☂️ From DeFi to GameFi, oracles make real-time data accessible. Without them, these ecosystems wouldn't function as we know them.

one year from now, you’ll wish you started today. continue building.

building with legends does not require any dress codes. keep buidling 🤝

ⓘ 𝘺𝘰𝘶 𝘤𝘢𝘯'𝘵 𝘱𝘳𝘰𝘤𝘦𝘦𝘥 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘴𝘢𝘺𝘪𝘯𝘨 𝘨𝘮

crypto doesn’t sleep, and neither does anyone actually sleep…

☂️ product update ☂️ we’ve enhanced our VWAP on @rootstock_io, making pricing: ✅ safer for lending markets ✅ stronger for derivatives pricing ✅ better for collateral valuation ✅ more efficient with less congestion and gas costs smarter oracle, stronger defi 🤝

I started on-chain trading because __________. wrong answers only.