Umami Finance Partners with Jones DAO & Dopex To Deploy gOHM on Arbitrum

Umami Finance is pleased to announce it is partnering with Arbitrum-native DeFi projects Jones DAO and Dopex to support options trading on the Arbitrum network.

The partnership will allocate 10 gOHM (~$200,000) from Umami’s wholly-owned treasury to the two projects’ options strategies. The capital deployments support a compelling new use-case for OlympusDAO’s governance token, gOHM, on Arbitrum and reduce the Umami treasury’s exposure to market-risk.

They are also the first deployments of Umami’s gOHM since it announced its formal partnership with OlympusDAO to scale gOHM liquidity on Arbitrum earlier this week.

Umami has deposited 3 gOHM (~$60,000) with Jones DAO, an active manager of options strategies on Arbitrum founded by members of the Dopex community. Jones DAO’s one-click vaults will give users access to the best-available yields from the most cutting-edge options strategies without requiring them to have any options know-how themselves.

Jones DAO will allocate Umami’s gOHM to a variety of options vaults on Arbitrum with the goal of conserving Umami’s capital and maximizing its accumulation of gOHM.

Umami is also preparing to place 7 gOHM (~$140,000) directly into Dopex’s gOHM vault, which provides liquidity for gOHM call options. Dopex is an Arbitrum-native options exchange providing a wide array of options strategies across numerous assets.

Going forward, Dopex and Umami will work closely together to support options trading on Arbitrum. In fact, Umami will be launching DPX bonds very soon!

The Umami team is working quickly to allocate its ~$8 million in treasury assets, and has also placed around $2.7 million in MIM into Curve Finance’s MIM-2CRV pool on Arbitrum. The pool’s ~20% APR will bring more than $500,000 per year to Umami’s treasury.

Onward Into 2022

Umami’s recent treasury asset deployments are the first of many more to come. Stay tuned for more big news from Umami in the coming week!

With ~$8 million in wholly-owned treasury assets, partnerships with top bridging protocols, and an array of new bonds to be launched soon, Umami is uniquely positioned to expand Arbitrum’s DeFi ecosystem. It will also generate market-leading returns for HODLers in the process.

Learn about Umami Finance’s other partnerships with OlympusDAO, Synapse Protocol, and Movr Network here, here and here




Umami Finance is the premier market-maker and liquidity network for Arbitrum.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Backing up offline wallets

Dogecoin’s price is on a surge. Is tesla’s investment in Bitcoin a distraction from the real issue?

Getty image

How Decentralized Finance Will Change Your Understanding Of Financial Systems

PayPal (PYPL) is looking into launching its own Stablecoin as the company grows its Crypto…

Digital currencies are coming, but why?

CREDITS Overview and NEWS (May 11th!)


Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Umami Finance

Umami Finance

Umami Finance is the premier market-maker and liquidity network for Arbitrum.

More from Medium

Umami Finance Partners With Synapse Protocol To Introduce gOHM Liquidity To Arbitrum

2.2 Temple AMM & Tokenomics Update (1/2)

Ribbon on Avalanche

Babylon Fuse Pool on Rari