The 1st iteration of our GM (ETH-USDC) Vaults has been live for 3 months, and we have some impressive results to share. ๐
Since launch, our USDC Vault has been offering an incredible and steady 21% APR in real yield! ๐น How?
By farming on
@GMX_IO
v2!
๐งต๐
Join our Summer Yield Fest with
@OpenBlockWallet
!
Deposit into
@UmamiFinance
GM Vaults, enjoy double-digit yields and get a chance to win extra USDT rewards ๐๐๏ธ
Umami Finance has integrated Across+ into GM Vaults! ๐ Thanks to
@AcrossProtocol
, users can now bridge and deposit seamlessly into our vaults from 7 different chains with a 95% rebate on bridging fees! ๐ค
We've just posted a new STIP.B Bi-Weekly Update! ๐
๐ Avg. Daily TVL: $14.6M
๐ด Avg. Daily Vol: $358.8k
๐ Avg. Daily Txs: 56
๐ป Unique Addresses: 834
GM Vaults are still proving to be a great yield option for single-sided yields!
๐จ Only one week left to compete for 5000 USDT! ๐จ
Deposit into GM Vaults throught
@OpenBlockWallet
, enjoy double-digit yields, and join the Summer Yield Fest now! ๐
Join our Summer Yield Fest with
@OpenBlockWallet
!
Deposit into
@UmamiFinance
GM Vaults, enjoy double-digit yields and get a chance to win extra USDT rewards ๐๐๏ธ
We've just posted a new STIP.B Bi-Weekly Update!
๐ Avg. Daily TVL: $15.3M
๐ด Avg. Daily Vol: $213.1k
๐ Avg. Daily Txs: 37
๐ป Unique Addresses: 855
USDC Vaults continue to be a top performing yield strategy for users looking for single sided yield.
Feeling the swell of market panic like in Bikini Bottom? ๐ฌ
Why choose speculation when you can secure a guaranteed 50%+ APR on part of your portfolio? ๐
Skip the panic and stay steady with our USDC Vault ๐
๐ถIt's Friday, folks! As you're on your way to touch grass, our This-is-fine-pup's been at it all week ๐ฟ
With earning 37.5% APR in fees + 9% in ARB in our GM $USDC Vault, he snagged a few extra sausages too ๐ญ
Deposit & get your extra sausage: โจ
๐ถ๐ While the markets dipped, our This-is-fine-pup sippedโcoffee in Paris, no less! ๐ซ๐ท
Unfazed, he sent us a selfie, casually bragging he's still earning 30%+ APR on his $USDC in
@GMX_IO
fees ๐ธ
Talk about having your croissant and eating it too! ๐ฅ
.
@okxweb3
is now integrated with Umami Finance! ๐๐ผ
We're excited to bring you seamless access to our high-yielding vaults directly through OKX Wallet. ๐ค
Learn more:
We're proud to announce that 9 projects have integrated our Wallet this week!
Unlock a universe of opportunities with
#OKXWallet
while keeping your onchain journey safe and secure ๐ช
Join us on Twitter Spaces tomorrow with
@GMX_IO
&
@chainlink
at 12PM EST!
We'll explore how GMX's v2 platform and our Umami GM Vaults, among the first to utilize Chainlink Data Streams, are ensuring liquidity provision safety on
#Arbitrum
๐ฌ A rogue GMX team member, upon realizing the high APR numbers associated with the massive pile of $ARB set aside for our GM Vaults incentives, covertly reaches out to a shady Umami DAO member, hinting at a cunning strategy... ๐ต
We're excited to announce that Umami, a leader in refining yield strategies, is among the first to integrate
@chainlink
Data Streams on
@avax
โ๏ธ๐บ
This integration brings the industry-standard, low-latency oracle solution to our GM vaults on Avalanche, significantly improving
Introducing Umami's GM Vaults! ๐
Simplifying the way you earn on
@arbitrum
. ๐
Collect fees from 4 GM pools on
@GMX_IO
with the first permissionless, single-sided, auto LP strategy.
Simply deposit $ETH or $USDC and let our Vaults handle the rest! ๐ซก
Dive into the Strategy of GMI and GM Vaults! ๐ง
Peek at those juicy projected APRs - STIP rewards not included. At least, not in the projections ๐ Early depositors, take a closer look! ๐
Key takeaways for the lazy at the top๐
Rewards are halving for the miners, but not for our GM $BTC depositors ๐
Still going strong with the
#1
APR across all kingdoms at 28% APR ๐ช ๐ฅ
Happy $BTC Halving day!
August has passed, and Umamiโs GLP Vaults have been up and running for 2 months! ๐
As evident in the GIF, they're performing as designed.
@GMX_io
still sending ๐ฐ
Below are a few August highlights, ICYM them, along with the Vaultsโ stats since the launch๐
๐งต1/10
Umami is happy to announce it will be receiving a ~900k $ARB Airdrop allocation at the following address ๐๐
0x8E52cA5A7a9249431F03d60D79DDA5EAB4930178
We plan to be positive-sum to the ecosystem and work as a DAO to vote in the best interests of the Future of Arbitrum! ๐๐ซก
Get ready to deposit into Umami DAO's highly anticipated Deconstructed $GLP Vaults! ๐
The Public Beta is coming your way at the end of next week, stay tuned for final updates and join us for this major milestone! ๐๐ค
/1 $UMAMI
Big thanks to
@thecalcguy
for hosting us and letting us present our GLP Vaults and GMX V2 Vaults to the DeFi Dojo community on Discord. There's also an alpha slip in there ๐ซข๐ ๏ธ
Curious? Catch the full session ๐
Exciting news, Umami has integrated
@chainlink
Data Streams into the GM Vaults! ๐ค
Expect real-time, reliable market data for a superior DeFi experience, all powered by Chainlink's trusted oracle infrastructure.
.
@UmamiDao
has integrated
#Chainlink
Data Streams on
@arbitrum
to help power hedging strategies for its GM vaults.
Explore how Data Streams powers next-gen DeFi protocols โฌ๏ธ
Our GLP Vaults continue to shine ๐ธ They've offered the best non-leveraged real yield on USDC, ETH, BTC over the past 30 days on
@arbitrum
& across all chains!
Short ๐งตw/
@DefiLlama
receipts๐
TLDR: Even without category filters, this yield ranks No. 1 for all three assets ๐ฅ
Umami DAO's Proposal
#1
has passed on snapshot! ๐ซก
Thank you to those who voted and showed support! At this time
@0x_kitsune
has proposed the initial Umami DAO Framework & Structure in Umami DAO Proposal
#2
. Please read and contribute to the discussion!
Our STIP proposal has reached quorum with currently 73M votes FOR & a 96.58% FOR ratio! โจ๐
Huge thanks to all voters!
Remember, voting continues until Friday! Please cast your votes and show support for the incredible builders in the space. ๐ ๏ธ๐๐งก
Why is a vault on top of GMX v2 potentially NECESSARY for liquidity providers and GMX itself? ๐คโ๏ธ
This alpha was dropped a week ago on the latest AMA by
@0xWenMoon
๐๏ธ
And, yes! We're building a $GMX v2 Vault! ๐
Thrilled to announce our partnership with Google's Web3
@GoogleCloud
initiative, worth $200,000!
This will will significantly reduce our vaults' infrastructure costs for the next 2 years, while opening doors to Google's expansive Web3 ecosystem. ๐จ๐ฅ๐ฆ๐ฉ
๐ฝ๏ธ Since Feb 1st, Umami's skeptics have been caught in a Groundhog Day.
We've decided to crank things up a notch:
๐ฐAdded more $ARB to push APRs on ETH & USDC to 50%+
๐Extended their Groundhog day until March 15th
Their disbelief's on loop, but so are the yields! ๐
A month ago, we launched our first iteration of GM Vaults with ETH and USDC, built on
@GMX_IO
, and the journey has been nothing short of amazing! โจ
Here are some quick stats about them. ๐
Now, onward to the next ones! ๐ ๐ต
Umami DAO is happy to announce that starting today rewards for $UMAMI Marinators (stakers) have been restored! ๐๐ค
mUMAMI will return back to its normal locking schedule, meaning the next unlock will be March 1st. ๐
Happy Marinating Folks! ๐๐
Umami DAO is thrilled to announce that all pre-scaling tests have passed and approved Treasury TVL scaling testing for our Deconstructed GLP Vaults has begun! ๐ฅ๐
Over the next few days, more treasury funds will be added to the vaults until the target TVL has been reached. ๐ซก
Introducing Umami GM Vaults built on
@GMX_IO
V2!
Dive into the strategy, improvements from the GLP model & how GM vaults are set to become Arbitrum's central liquidity hub due to their unmatched composability and scalability ๐
Launch in January! ๐
๐
Our USDC Vaults are now leading the pack on Arbitrum with a whopping 60% APR, making them the highest non-leveraged performing product! ๐
Plus, they also rank 1st in Base APY - real yield, at 37% APR. ๐ฑ
Imagine the % when we introduce leverage ๐
We are immensely thankful for the unwavering support we've received from our community and delegates in recent days! ๐๐งก
โจOur proposal for STIP grant of 750k ARB has passed! โจ
Further details on the upcoming incentives campaign will be shared soon! ๐
#arbitrum
$UMAMI
Is your USDC, ETH, or BTC slowly bleeding away potential
#realyield
gains? ๐๐ฉธ
You're missing out on over 7.1% this week by not being in our GM Vaults, according to
@DefiLlama
! ๐
๐ Stop the bleed, make the switch! ๐ฉน
Umami DAO is happy to announce that our GM Vaults based on
@GMX_IO
's v2 model have passed
@GuardianAudits
tests & the auditing process is complete! ๐
Check out this Medium article below for more information on our Launch & a link to the audit! ๐
๐๐ The GM BTC Vault is now live and accepting deposits!
Capped at $5M for each side but with significant $ARB incentives for early birds!
Built atop
@GMX_IO
on Arbitrum, it's set to be the market's highest-yielding BTC product.
๐งต1/x
Umami has finalized the UI Design of our upcoming Deconstructed GLP Vaults! ๐
In the Thread below we will present the Front-End & walk you through the UX flow starting with how to deposit/withdraw & ending with the different metrics the Vault page itself will display.๐
1/ ๐งต
From the very start Umami has been developing partnerships with some of the very best protocols in Defi to integrate our $GLP Vaults with.๐ซก
Listen to
@0xtoki_
give us alpha on just two exciting integrations that will closely follow Launch!
@Dolomite_io
๐ค๐๐ค
@RAILGUN_Project
๐No reservations needed at our grill anymore! Our USDC GLP Vault is now open for ALL, no whitelist needed.
Since launch, USDC Vault has been delivering strong results โ a remarkable 26% APR in the last 8 days! ๐ฐ $UMAMI
The
#1
question skeptics ask about our GLP Vaults:
"How can these Vaults offer a 25%+ APR when GLP's yield is only 5%?" โ๏ธ
Let's clear this up for once ๐
1/7๐งต
The GLP vaults have shown remarkable performance over the past 30 days with a 20%+ APR on $USDC and $ETH, and 13.5% on $BTC ๐
Seems like
@GMX_IO
traders are back after their summer break ๐ด
Oh, btw, there's still some room left in $USDC and $ETH vaults!
If there's anyone still puzzled by our Internal Netting mechanism ๐คฏ and how it grants our vaults FREE trades - don't worry,
@0xWenMoon
breaks it down perfectly! ๐๐
Did you know that's also a cornerstone of our upcoming GMX v2 vaults? ๐ Reduced Fees = Higher Yields ๐
Umami is excited to announce that we've initiated the second round of audits with
@zokyo_io
for our upcoming flagship GLP Vaults, as part of our unwavering commitment to security! ๐
During this time we will be implementing a code freeze to ensure the validity of the Audit. ๐ฅถ
Umamiโs GM Vaults, currently consisting of $USDC & $ETH have outperformed our expectations in the first month of launch. ๐ซก
Now it is time to talk about the introduction of further assets to the Umami GM Vault ecosystem. ๐
First up, $ARB and $wBTC ๐
๐งต๐
Beep Beep! Umami's Flavor Express is on the move! ๐
Pepe Marinatoor has already served up a whopping 450 ETH to all you hungry $UMAMI Marinatoors out there!!๐
๐ข Attention
@arbitrum
and Umami community!๐งก๐
We've submitted a proposal on the Arbitrum Forum requesting a grant. Here's a brief overview of the main points ๐
Please support and share! โจ
Link to the proposal:
๐งต1/8
Get your bags ready everyone! ๐ฐ We have increased the Deposit Caps for $Umami GLP Vaults up to $5M in total. ๐ฅ
Earn a Double-Digit yield on your bluechip assets like $BTC, $ETH and $USDC ๐
Umami DAO Contributors gave tons of updates regarding the community, the treasury, and of course our highly anticipated GLP Vaults on the most recent AMA. ๐ซก๐
Here is
@0xtoki_
, Senior Backend Developer talking about the GLP Vault's Audit progression by
@zokyo_io
. ๐๐
๐ข Good news everyone! We have increased the Deposit Caps for Umami GLP Vaults up to $2M in total. Earn a Double-Digit yield on your bluechip assets like $BTC, $ETH and $USDC ๐
gm $ARB farmers!
Your dream just came true:
โ No impermanent loss on your BTC, ETH, USDC
โ 3-digit APR
ETH and USDC are still sitting at 600% APR right now ๐ฅ
APRs on the UI are already counting the max oARB discount's value (40%) too ๐
๐ข
#Arbitrum
delegates!
We've actively revised and submitted our grant proposal, adjusting from 1M to 750k $ARB in light of community feedback.
We're all in this journey together, and we hope this gesture paves the way for other protocols to secure impactful grants as well ๐๐งก
Umami DAO has released its Treasury Update for March 2024! ๐
Besides the normal numbers, we talk about excellent GM Vault performance, $UMAMI's liquidity, final thoughts on the success of our
@arbitrum
STIP, and more!
Dive into the details below ๐
Congrats to all $BTC maxis out there! ๐ฅณ
Now, let us introduce to you a not so far away future where your steadfast belief in one and only
#Bitcoin
is about to be rewarded even more.
About 10-20% APR more. ๐
See you in March ๐ซก
Here's a step-by-step guide to start earning 100%+ APR on your ETH starting February 1st.
Hint: Simply deposit into our GM ETH Vault. ๐คฏ
No points, no gimmicks involved ๐คJust pure yield in ETH fees + $ARB STIP incentives ๐
And there's also a GM USDC Vault! ๐ฑ
Good news today as we are happy to announce the second
@UmamiDao
snapshot vote !
This proposal by updates the basics and rules of a governance framework for the community to discuss and organize going forward !
Go vote ! ๐๐
Despite $GLP's yield hitting a record low of ~3% APR, and $BTC's volatility being its quietest in years, our big 3 vaults have remained resilient at 5%+ APR over the past 30 days.
Eagerly awaiting the return of $GMX traders from their summer vacay ๐ด
Thanks to a few hefty deposits โ we've doubled the TVL in GM Vaults in just 48 hours, going from $2M to a whopping $4M! ๐ And guess what?
We've hit a new all-time high at Umami DAO, cruising past ~$7M. ๐๐ฅ
Umami's Deconstructed GLP Vaults provide depositors with two options: a ๐งLiquid Vault for instant withdrawal and a ๐ฅBoosted Vault, time-locked for higher APR.
In this thread, we'll break down how the unique Boosted option works.
๐งต1/7
From Ozark's drama to
#Arbitrum
, Marty's flipping his cash into a neat 40%+ APR yield. ๐ค
Even had a couple of Arbitrum officials stepping in, ensuring everything's by the book ๐ต๏ธ
Thanks to a surge in big deposits into our new GM ๐ต $USDC and๐ $BTC Vaults, Umami DAO has crossed a monumental milestone: $10M in TVL! ๐
A massive thank you to everyone who's been part of this journey ๐
Attention! ๐ We've applied for a 100K ARB grant in the GMX Forum to audit & directly incentivize Umami GM vaults. These vaults will benefit GMX & Arbitrum by simplifying liquidity provision and offering single-sided exposure to GM markets. ๐
Sฬตkฬตiฬตpฬต ฬตtฬตhฬตeฬต ฬตgฬตaฬตmฬตeฬตsฬต, go for the gains! ๐
Tired of collecting points with your crypto? ๐ฎ
Try collecting fees:
๐ตUSDC: 28.6% APR
๐ฃETH: 8.8% APR
๐ BTC: 21.5% APR
๐
Smol update to the UI. Added a complete PPS history, and the stats will now default to showing this instead of the previous 30d view.
Btw, these stats are in
#RealYield
. The $USDC depositors have been sleeping well, and this is without any "looping" implemented... YET ๐ค
A rapid series of large $USDCdeposits recently pushed us past the $1M TVL mark in the $USDC Vault so swiftly, it caught the marketing dept. snoozing ๐ค
It's even worse - we are almost at $1.3M now! ๐
But hey, no one's complaining!
What's next in terms of enhancements for $UMAMI's Deconstructed GLP Vault Beta given our successful launch last weekend? ๐๐
Listen to back-end developer,
@0xtoki_
explain!
Vault TVL Cap raises coming soon! ๐
Just 3 weeks in and Umami's GM Vaults hit $5M+ TVL, revolutionizing LPing with single-token exposure on
#Arbitrum
!
@GMX_IO
ARB incentives are now live, boasting one of the best APRs on USDC and ETH in the space! โจ
But... we're just warming up ๐
It's official! There's no better castle for the king of crypto than our GM BTC Vault. ๐ฐ๐
Our ๐ GM BTC Vault is now listed on
@DefiLlama
and sits at the top for single-sided BTC yields across all kingdoms!
Umami DAO has received the ~900,000 $ARB allocated to us via the
@arbitrum
Airdrop for being an early supporter of the Arbitrum Network !
Check it out in our Treasury's Zapper bundle below ! ๐