Umami

UMAMI

Umami is the governance and revenue-share token for the Umami protocol.

Risk Rating
Best
$4.07
1.24%
Summary
What we like
UMAMI is viewed as a proxy token that benefits from the success of the Arbitrum network. The token supply is also fixed and limited.
What we like less
Part of the team remains anonymous which reduces transparency.
What it means for you
Staking UMAMI enables you to earn real yield (paid in ETH) that is generated across the Arbitrum ecosystem of DeFi products.
Information
Blockchain
  • Arbitrum
Info
Key Metrics
  • Market Cap: $2.7M
  • Fully Diluted Valluation: $4.1M
  • FDV / MC: 1.5
  • Ranking inside Exponential (excluding stables): #95
  • Circulating Supply: 655,395
  • Total Supply: 1,000,000
  • Total Supply: 1,000,000
  • Volume (24H): $6.9K
  • ATH: $162.29 (12/02/2021)
  • ATL: $2.94 (01/11/2024)
Risk Assessment
Best
Asset Strength

UMAMI is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Umami, a protocol rated as Watch out.

Asset Tokenomics

UMAMI has a fixed supply.

Asset Volatility

UMAMI is highly correlated to the overall market.

Dependencies

Umami

Things to know about UMAMI

What is UMAMI used for?

UMAMI is the governance and revenue-sharing token for the Umami protocol. Stakers receive a portion of platform fees in ETH. The token can be used to vote on major protocol decisions via Snapshot, a DAO governance platform.

UMAMI tokenomics

The max supply of UMAMI is 1M tokens, though about 125K are permanently locked in defunct staking contracts and considered out of circulation (or burnt). No new UMAMI tokens will be minted, with the exception of extremely rare circumstances. The non-circulating UMAMI remains in the protocol treasury and is reserved for future team compensation, liquidity for its UMAMI-ETH LP pool, and potentially for over-the-counter raises.

How does UMAMI accrue value?

UMAMI holds around $5M in protocol-owned liquidity (POL). The protocol uses this POL to generate yield for UMAMI stakers (mUMAMI). Currently, UMAMI stakers (called Marinators) earn ~50% of the platform's treasury revenue paid in ETH. Users can further boost their returns by depositing into the autocompounder, which automatically uses the ETH rewards to market buy more UMAMI and redeposit into the pool.