About UMAMI Finance
Umami is pioneering the mass adoption of DeFi with its expanding array of DeFi Yield products tailored to institutional investors. Umami bridges the gap between DeFi and TradFi by creating best-in-class DeFi products and distributing them to financial institutions through its in-house Registered Investment Advisor (RIA), Umami Advisors, and its expanding partnership network of digital asset custodians.
Umami is preparing to launch a suite of DeFi Yield Vaults in Q4 2022 that generate competitive APRs on core crypto assets including $USDC, $BTC and $ETH. It will launch additional DeFi products in 2023. The Umami protocol is built on Arbitrum, Ethereum’s leading Layer 2 scaling chain. It is managed by Umami Labs, a U.S.-based blockchain services company, and governed by holders of the $UMAMI token.
UMAMI Finance Point Table
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Stake UMAMI tokens for a share of protocol rewards
UMAMI Finance has a zero-emissions tokenomics model and a fixed Max Supply of 1,000,000 tokens. Stakers earn 50% of all protocol rewards. Marinate UMAMI to earn WETH; Compound WETH rewards to accumulate more UMAMI.
Institutional-Grade DeFi Yields
Deposit into Umami’s DeFi Yield Vaults to earn sustainable, risk-hedged #RealYield on core crypto assets including USDC, BTC and ETH.
Catalyze the mass-adoption of Decentralized Finance (DeFi).
Bridge the gap between DeFi and TradFi by creating best-in-class DeFi Yield Products tailored to the institutional market.
Core Values Integrity:
Umami exemplifies the highest standards of transparency, accountability and ethics; it is unwaveringly committed to the core values of DeFi. Advocacy: Umami is an evangelist for its own products and for DeFi as a whole; it proactively reaches beyond the “crypto-native” bubble to engage all stakeholders. Principled Pragmatism: Umami embraces best-practices from outside of DeFi if they advance its mission; it never compromises on its core values.
Tenacity: Umami is steadfast in its vision, but flexible in its approach. It surmounts every barrier with perseverance and creativity. Umami plays a long game – but it plays to win.
- Build professional-grade DeFi products targeting institutional capital, with a special focus on non-crypto-native funds with the potential to be early adopters of DeFi.
- Onboard new institutional users to DeFi via Umami Advisors, a crypto-native financial advisory service and regulatory-compliant onramp.
- Create a new type of hybrid organization that synthesizes operational best practices from Web 2 and TradFi with a Web 3-native commitment to decentralization.
$UMAMI is the protocol’s governance and fee-generating token. It has a fixed Max Supply of 1,000,000 and can be staked for a share of Umami’s protocol revenues.
Umami offers tokenholders two staking options. Marinate rewards stakers with a share of protocol revenues in $wETH. Compound automatically reinvests $wETH to market-buy and stake more $UMAMI. $UMAMI is not an emissions token. No new $UMAMI tokens can be minted beyond its 1,000,000 Max Supply (of which around 650,000 are already in circulation).
About 125,000 non-circulating $UMAMI are permentently locked in defunct staking contracts and effectively “burned.” The remainder are held in Umami’s treasury and are reserved for future team compensation, DEX liquidity and (very limited) OTC capital raises.
The Umami treasury holds around $5 million in Protocol-owned Liquidity (PoL), which generates yield revenue to cover Umami’s OpEx and bolsters liquidity in its Uniswap LPs.
Governance & Transparency
UMAMI Finance is a Decentralized Autonomous Organization (DAO). Final authority over the protocol, as well as custody of its assets and smart contracts, lies with its community of $UMAMI holders.
All community members who hold $mUMAMI or $cmUMAMI tokens, the two long-term staking options for $UMAMI, are entitled to vote on major protocol decisions via Snapshot, a trustless DAO governance platform.
Using Snapshot, the DAO community has voted on every major decision effecting the protocol. You can review Umami’s past Snapshots here.
Umami DAO Foundation
Umami DAO is represented off-chain by Umami DAO Foundation, a Cayman Islands-based legal entity. Incorporating as a “DAO Foundation” formally establishes the $UMAMI community’s governance over Umami. It also gives the DAO off-chain legal representation, including the ability to enter into legally valid contracts.
Umami Labs LLC
Umami DAO Foundation is contracted with Umami Labs LLC, a U.S.-based professional services company, to provide engineering, product development and marketing services to Umami. The full text of the services agreement between Umami Labs LLC & Umami DAO Foundation can be viewed below.
Team (Umami Labs)
Umami DAO is governed by its community of $UMAMI holders but it outsources its day-to-day management to Umami Labs LLC, a U.S.-based professional services company. Learn more at umamilabs.io.
FAQ Of UMAMI Finance Coin
Where I Can Find UMAMI Finance Whitepaper?
You Can Find UMAMI Finance Whitepaper By Clicking Here.
Where I Can Buy/Sell Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Binance.
What is Circulating Supply Of Token?
Circulating Supply Of UMAMI Finance Token Is N/A eUSD.