Umami is thrilled to be bringing back the beloved Community Newsletter for our Marinatooors to read and enjoy. We have received a tremendous amount of support from our community and project frens in the restoration of our DAO structure and we would like to thank everyone who has kept their faith in Umami’s original ideals. Moving forward this newsletter will be published weekly and will once again be a one-stop-shop for all of your burger related news!
First and foremost Umami has been awarded ~900,000 $ARB tokens for being one of the longest standing DAOs on Arbitrum! We are very thankful for this allocation and plan to use it to be a net positive to the Arbitrum Ecosystem as a whole. Umami has also submitted and has been accepted to be an official Delegate to Arbitrum DAO allowing users to delegate their $ARB token’s voting power to us and increasing our already large say in the Networks Governance. Below you will find a step-by-step process for how to delegate your $ARB tokens to Umami and support the community!
Step 1: Go to the Tally.xzy Arbitrum Governance Page here: https://www.tally.xyz/gov/arbitrum
Step 2: Connect the Web 3 Wallet that you use in the top right hand side of your screen and sign in.
Step 3: Click on the button that says “Delegate Vote” and press “Delegate to Address”
Step 4: Enter Umami’s Arbitrum Governance Multisig Address as follows: 0x8E52cA5A7a9249431F03d60D79DDA5EAB4930178
See all of our updates below!
- Got feedback from Zokyo regarding v2 Vault Audit and have submitted a response to the feedback. TLDR: Audit entering final stages.
- Working on increasing the initial hedging capacity of the Vaults through an AAVE implementation.
- Published our Monthly Treasury report for the month of February.
Link: https://umamifinance.medium.com/umami-finance-treasury-update-february-2023-4720c3804d64 - Received a ~900,000 $ARB Airdrop allocation for being a longstanding DAO on Arbitrum.
- Submitted an Application and was accepted to become an official Delegate for Arbitrum DAO. See above for how to delegate, you can view our profile and delegate here as well:
https://www.tally.xyz/profile/0x8e52ca5a7a9249431f03d60d79dda5eab4930178
mUMAMI Deposited = 408,300
cmUMAMI Deposited = 226,400
Rewards pushed to stakers this week = 11.39 ETH
Total rewards pushed to stakers = 399.97 ETH
(Supply and ETH numbers quoted at time of writing on 03/24)
We will be hosting another community AMA next week (Date TBA) in our discord with Contributors to speak further about the Vaults and how we plan to use the $ARB Airdrop.
Stay tuned for more updates and happy Marinating folks!
