Umami Community Newsletter, 06/25

Umami
2 min readJun 25, 2023

The moment the Umami Community has been waiting for has finally come! This week Umami DAO announced the launch of the Deconstructed GLP Vaults for the end of next week. The final contracts have been deployed and Vaults will be seeded with the DAO approved esGMX + roughly $20,000 worth of treasury funds to get everything ready before user deposits. At the start of next week we’ll be publishing both our GLP Vault documentation to the Umami DAO Gitbook and a medium article with Whitelist and Launch details. Stay tuned for those last bits of information and get those blue chip assets ready to deposit!!!

News:

AMA:
Umami DAO Contributors held an AMA this week in our Discord to discuss various Launch/Whitelist details and answer questions from the community.

Major Topics Discussed:

  • Public Beta Launch time frame of GLP Vaults
  • Hedging Liquidity
  • Deposit Caps
  • Vaults Fees

Recording: https://youtu.be/WP-0TeFcPuc

mUMAMI Deposited = 384,800 (Up 1.00% WoW)

cmUMAMI Deposited = 196,200 (Up 1.50% WoW)

Rewards pushed to stakers this week = 5.95 ETH

Total rewards pushed to stakers = 434.23 ETH

(Supply and ETH numbers quoted at time of writing on 06/25)

Happy Marinating Folks! 🍔

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