Umami is the governance and revenue-share token for the Umami protocol.
UMAMI is a low-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Umami, a protocol rated as Risky. The asset has a fixed supply.
UMAMI is highly correlated to the overall market.
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.
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.
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.