Umami DAO Snapshot #2

Vote “YES” to support a 1m UMAMI Max Supply & and ARBIS → UMAMI swap for a 1 token model.
  1. Vault revenue denominated in a nonnative token, $ETH, to provide sustainable yield to $UMAMI stakers.
  2. Low float, low market cap with the potential to scale our current TVL of $8m to a TVL of hundreds of millions in a relatively short time frame.
  3. Located on Arbitrum, Umami is uniquely positioned to take advantage of future migration of TVL from mainnet to L2 as Arbitrum becomes a future hotbed of DeFi activity.
  4. The creation of both a DAO & an incorporated corporate entity positions Umami well to take advantage of both decentralized on chain activity by treasuries/whales/retail as well as be in future regulatory compliance for TradFi to DeFi integrations.
  1. Set a cap on UMAMI token minting to permit no more than 1million UMAMI tokens to exist (Max UMAMI Supply: 1m).
  2. Deprecate the ARBIS token to permit UMAMI’s token to become the sole token of value to the protocol.
  • 46,731 tokens should be allocated to improve present Uni v3 liquidity for our UMAMI/ETH LP. This would permit larger buyers to obtain UMAMI with less slippage while also generate trading fees for the protocol treasury
  • 100k tokens should be locked and set aside (non-dilutive, non-yield baring) for future team compensation to include:
  • Future hires, especially devs & engineers whom we will want to be aligned with protocol
  • Merit based compensation to present or existing team members as determined by the DAO (ex. $1B market cap reached, etc)
  • ~75k tokens would be set aside for an ARBIS/UMAMI swap to deprecate the ARBIS token and permit Umami Finance to move to a single token model
  • 125k tokens should be reserved in the treasury for a Rainy-Day Fund in case of a catastrophic event or the opportunity for a HIGHLY advantageous partnership with Blue Chip DeFi protocols or prestigious TradFi institutions.

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