Umami’s first week of May has been an important and exciting time. First we published the Treasury Report for the Month of April updating the community of its performance and breaking down other key metrics such as opex/yield paid to Marinators. Decentralized law firm Milady & Milady has also submitted an initial proposal to begin the discussion of indemnity for Umami’s Multisig operators. The community will also be pleased to hear the dev team is hard at work making the necessary preparations for the upcoming live testing phase with Treasury funds and we expect to make an announcement regarding that very soon!
News:
- Monthly mUMAMI unlock (1st & 2nd of every month)
- Sponsored the Rysk Finance x Gammaswap Trading Competition where participants can win up to $50,000 in prizes. (Make sure you let them know you are from Umami when the competition starts! 😉)
Link: https://twitter.com/ryskfinance/status/1653028319179468808?s=20 - Published the Treasury Report for the month of April.
Link: https://umamifinance.medium.com/umami-dao-treasury-update-april-2023-41b763f247ed - Indemnity of Multisig operators by the DAO Proposal by Milady & Milady.
Link: https://commonwealth.im/umami-dao/discussion/11250-umami-dao-proposal-4-indemnification-of-multisig-operators-by-the-dao
AMA:
Next AMA TBA, will be discussing initial insights of the Vault and what comes next!
mUMAMI Deposited = 393,300 (Down 2.23% WoW)
cmUMAMI Deposited = 211,100 (Up 2.12% WoW)
Rewards pushed to stakers this week = 3.20 ETH
Total rewards pushed to stakers = 418.93 ETH
(Supply and ETH numbers quoted at time of writing on 05/07)
Happy Marinating Folks! 🍔
