Liquidity providers of the UMBR token will receive a share of 60% of all fees generated by the bridge, on the network to which they provided the UMBR liquidity. For example, staking UMBR on the Ethereum network will result in the accrual of fees from bridge transfers made to the Ethereum network.
The extra rewards generated by staking UMBR in the pool are added to the staking balance of each token, on the respective network. Check the history of each asset to see how much you have earned.
Umbria network has created bridges between multiple networks. Each bridge has a distinct liquidity pool on the starting network and destination network to facilitate the bridging of assets.
I am staking UMBR tokens. How do I see my earnings?
When you stake UMBR in the Narni bridge pool, you earn a share of all fees generated by the bridge. You earn fees in each asset supported by the bridge. To see how much of each asset you have earned, press the button inside the particular asset's section. The button appears on top of the STAKE card within the asset section.
I cannot unstake my liquidity using my Ledger hardware wallet?
Ledger hardware wallet is incompatible with the signature function (web3.eth.personal.sign) expected by the EVM. This is a known issue with ledger for which there is no current workaround. The solution is to upload your seed phrase to a new Metamask wallet without ledger, or ask a moderator to unstake your liquidity manually.
Why does the APY of each staking asset change?
The APY earned for staking an asset in the Umbria Narni bridge is based on the volume of bridge transactions through the bridge. As the demand for bridging increases, the amount of fees generated increases, so does the APY.