Umbrella Network

How far would a project be determined to go in order to be the best at what they do?
Umbrella has made the most statement of being the best oracle network on the blockchain industry yet again. They are the first to offer all stock prices of Russell 2000 pairs on-chain, making it vivid that they can solve the issues of getting off-chain data on-chain.

The addition of Russell 2000 offers value to investors, making them leverage on and profit off the volatile price action with smaller ticket sizes.

This data pricing addition to the Umbrella makes for the
1. Diversification and Hedging benefits to suite investors from across the world.
2. Bridging of TradFi and DeFi: In this case DApp devs can offer alternative trading opportunities other than just cryptocurrencies

Umbrella is certainly still in the business of developing their oracle network to suite its users and investors alike.


The safety and security of ones asset in the crypto space is something that needs to be taken seriously.
The issues of Man-In-The-Middle (MITM) in the crypto space has long persisted and is very much a thing when dealing with smart contracts in the blockchain industry. These attacks leads to tampering of data which can alter the whole data before it gets to the smart contract.
Data gotten from a single source is susceptible to these MITM attacks.
That's why Umbrella has come up with not just any plan but a safer and more secure plan to prevent these attacks from ever occurring again.

The introduction of a decentralize oracle which eliminates the single source method of fetching data point is how Umbrella envisions to deal with this problem.

In order to make DeFi safer, Umbrella seeks to
• Fetch data from multiple sources
• Validate the data for authenticity
• Write the data on the blockchain
Following the first 2 processes before writing the data on the blockchain in a decentralized manner makes it uneasy and impossible MITM attacks.