March 29, 2023
Polygon News

Umbria’s Cross-chain Narni Bridge adds USDT

Users can use a technique known as pooling to lend their USDT to Umbria’s Narni bridge and earn APY, in addition, to easily connect the stablecoin between Ethereum Mainnet and Polygon network with incredibly cheap fees (a return similar to interest on deposits). If players bridge USDT between networks using Narni’s ‘pool and earn’ feature, liquidity providers get paid. Because of their popularity and practicality, stablecoins are projected to generate more fees in the future.

The Narni bridge can move USDT from the Ethereum network to the Polygon network in 47 seconds for an average cost of $2.80. (formerly Matic). To send $5.62 worth of USDT from Polygon to Ethereum, the transaction takes about two minutes and a half on average. When compared to other procedures that cost several times as much and take considerably longer, this one is light years ahead of the competition.

The inclusion of USDT to Narni makes it a lot easier for consumers to use their crypto assets across networks, and this is a major step forward. Stablecoins will be the first of many new assets we introduce soon. With the Narni Bridge’s staking function, yield farmers are already flocking to the bridge to offer much-needed liquidity and, in return, reap the financial benefits of their investments.