This week Umami has taken another major step towards moving Treasury funds into the Vaults for testing as the finalized Vault code has been deployed and the dev team is currently testing it with ~$20,000 of their own money. Once the keeper bot’s resiliency has been ensured contributors will begin scaling in the approved $1,000,000 worth of Treasury assets in phases and perform their initial checklist, after their initial boxes have been ticked we will then make real time data of testing available to the community 24/7 until it’s time for Launch!
News:
- Vaults deployed and being tested with $20,000 before scaling in the approved $1,000,000. Announcement coming soon!
- Start of our new “How-To” Series explaining Umami marinating, something we hope to expand to Vaults and future integrations.
Link: https://twitter.com/UmamiDao/status/1655950764227919874 - Ryskfinance x Gammaswap Trading Competition has begun (make sure to let them know you’re from Umami).
Link: https://www.rysk.finance/comp-sign-up/
AMA:
Our next AMA will be scheduled for shortly after the Treasury deposit to highlight initial results/insights for the Community.
mUMAMI Deposited = 401,600 (Up 2.11% WoW)
cmUMAMI Deposited = 216,800 (Up 2.70% WoW)
Rewards pushed to stakers this week = 1.84 ETH
Total rewards pushed to stakers = 420.77 ETH
(Supply and ETH numbers quoted at time of writing on 05/14)
Happy Marinating Folks! 🍔
