DeFi protocol Umee will use Axlar Bridge as the official bridge connecting Ethereum
On February 14, the cross-chain DeFi protocol Umee recently announced that it would start the first phase of the closure of Umee GravityBridge before the end of March. In the future, it will cooperate with Axlar, and Axlar Bridge will become the official bridge connecting Ethereum, providing users with the best cross-chain experience. Currently, you can still use the Gravity Bridge to transfer the Token back to Umee, but the official does not recommend using the Gravity Bridge to transfer any Token from Umee to Ethereum. On April 1, the transfer of assets from Gravity Bridge Umee to Ethereum will be disabled. At the same time, it is planned to completely close the Gravity Bridge before the end of May.
Interpretation of this information:
Umee, the cross-chain DeFi protocol, has announced the first phase of Umee GravityBridge closure before the end of March. In partnership with Axlar, the Axlar Bridge will become the official bridge connecting Ethereum, offering users an improved cross-chain experience. It is advised to refrain from using the Gravity Bridge to transfer any Token from Umee to Ethereum, effective April 1. Assets transfer from Gravity Bridge Umee to Ethereum will be disabled at the same time, whereas the complete closure of Gravity Bridge is expected before the end of May.
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