Umami UMAMI

1. Summary

Ranks

Liquidity

48

Developer

-

Social

26

Momentum (beta)

0

Stack Rank™

-

Price

$2.31 0.0%

Market Cap

$2.09M (#2444)

Supply

901,715.00 / 1.00M

Tags

Arbitrum Ecosystem

More Metrics

Price
52W High price	$14.62
52W High date	10th Jun 2024 (3 months ago)
All Time High (ATH) Date	2nd Dec 2021 (2 years ago)
ATH Price	$162.29
% From ATH	-98.52%
All Time Low (ATL) Date	5th Aug 2024 (1 month ago)
ATL Price	$1.93
% From ATL	24.26%

Supply & Trading Volume
Trading Volume (24h)	$2.00
Total Supply	1.00M
Max Supply	1.00M
Circulating Supply	901,715.00

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Description

Umami is a DeFi protocol focused on generating sustainable, risk-hedged yield on core crypto assets, including $USDC, $BTC, and $ETH, on the Arbitrum network. As a pioneering project, Umami aims to drive institutional adoption of DeFi by offering professional-grade yield products, known as "vaults," catering to both retail and institutional capital...

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Umami is a DeFi protocol focused on generating sustainable, risk-hedged yield on core crypto assets, including $USDC, $BTC, and $ETH, on the Arbitrum network. As a pioneering project, Umami aims to drive institutional adoption of DeFi by offering professional-grade yield products, known as "vaults," catering to both retail and institutional capital.

The protocol uses the $UMAMI governance and revenue-sharing token, which holds a fixed supply of 1 million tokens, with about 125,000 permanently locked and not in circulation. Token holders govern the protocol through Snapshot, a DAO governance platform, and receive a portion of platform fees in ETH.

Umami's current ecosystem includes strategy vaults designed to manage liquidity and generate yield. The protocol's products include GLP Vaults, which offer exposure to blended assets, and GM Vaults, which automate hedging for single-token deposits, ensuring stable and lucrative yields.

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