This was a very impactful week for Umami internally. We finalized the first batch of our backtesting data and plan to present preliminary results to the community ahead of our Weekly AMA next week. Yesterday’s AMA was very informative for those looking for status updates on Vault development, both CEO, DefiAlpha and CTO, Prepop.
Reccomend listening here: https://twitter.com/UmamiFinance/status/1598391369722216448?s=20&t=cmWwUaCqUuTmnIYcnxSRSw
See all of our updates below:
- Held a Joint AMA with our frens from Vendor Finance.
Listen here: https://twitter.com/i/spaces/1ynKOamrnpVJR
- Published a new edition of CLO Alex G’s legal Blog, “DAO & Taxes”.
Read it here: https://medium.com/@umamifinance/alone-without-promise-is-there-such-thing-as-a-loan-in-defi-b913e44c1111
- Finalized the first portion of backtesting results with the intent to publish a preliminary report next week.
mUMAMI Deposited = 509,500 (down 8.18% WoW)
cmUMAMI Deposited = 268,300 (down 14.36% WoW)
Rewards pushed to stakers this week = 16.00 ETH
Total rewards pushed to stakers = 316.00 ETH
(Supply and ETH numbers quoted at time of writing on 12/02)
We are very excited to be able to present this backtesting data to the community, we would have dropped the alpha this week but we wanted to be able to fully contextualize the data for the average user to be able to read and understand. Next week’s AMA will be a BIG one so I hope to see every single one of you there!
Happy Marinating Folks! 🍔