Umami Community Newsletter, 09/02

One more electric week in the bag for the Umami ecosystem and community. This week we continued on our path to become one of the most transparent projects in the space by releasing multiple detailed agreements and guidelines scoping out how the Umami team plans to conduct themselves and operate our business.

We also have to give a huge shoutout to Arbitrum on the successful “Nitro” upgrade. So far we have seen even cheaper gas fees to the tune of 5-10 cents and a faster time to finality. Umami is happy to call Arbitrum our home!

See all updates below:

mUMAMI Deposited = 478,500 (down 14.04% WoW)

cmUMAMI Deposited = 255,300 (down 0.07% WoW)

Rewards pushed to stakers this week = 16.57 ETH

Total rewards pushed to stakers = 221.98 ETH

(Supply and ETH numbers quoted at time of writing on 09/02)

Some of you may have noticed the high APR/APY staking and compounding are receiving. This is an effect of our recent price decrease, yes, but we are also proud to say Umami paid out an all time high of ETH to marinatooors during the month of August, just north of 40 ETH!

You as a holder can expect continued updates regarding v2 Vaults, our treasury, further transparency, and of course a profusion of ETH rewards shipped to you every couple days.

Happy Marinating folks!

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