Umami Finance ($UMAMI) is a project that offers yield generating vaults based on Arbitrum DeFi strategy. It supports $USDC, $BTC, and $ETH as its underlying assets. 

Unlike other projects, Umami Finance sources yield from reliable on-chain revenue streams instead of relying on inflationary native token emissions. It also utilizes innovative on-chain hedging strategies to safeguard against market volatility.

Umami's vaults are built using trustless, non-custodial smart contracts hosted on Arbitrum, which is Ethereum's leading Layer 2 scaling chain. Arbitrum, being an Optimistic Rollup, inherits the security and decentralization of the Ethereum Mainnet while significantly reducing transaction costs and latency.

The smart contract code of Umami has been audited by Zokyo, and its vaults are insured by Risk Harbor. The project has conducted careful backtesting using Monte Carlo models developed by Balance, an AI-driven wealth management platform.

At the core of the Umami ecosystem is its native token, $UMAMI. Stakers of $UMAMI token receive a share of protocol revenue, denominated in $ETH, from vault fees. The maximum supply of $UMAMI token is 1,000,000, with the majority already in circulation.

UMAMI also serves as the governance token of Umami DAO, a community-led Decentralized Autonomous Organization that governs the Umami protocol. Through its off-chain proxy, Umami DAO Foundation, the DAO contracts with U.S.-based Umami Labs LLC for engineering and business development support.

About $UMAMI 

$UMAMI is the governance and fee-generating token of the protocol. It has a fixed maximum supply of 1,000,000 and can be staked to receive a share of Umami's protocol revenues.

Umami offers tokenholders two staking options, Marinate and Compound. Both options require stakers to remain staked until the end of a monthly "epoch." Marinate provides a direct share of protocol revenues in $ETH, while Compound automatically reinvests $ETH rewards by market buying and restaking more $UMAMI. $UMAMI is not an emissions token, and no new tokens can be minted beyond its maximum supply of 1,000,000 (approximately 650,000 already in circulation).

Around 125,000 non-circulating $UMAMI tokens are permanently locked in defunct staking contracts and effectively "burned." The remaining tokens are held in Umami's treasury and reserved for future team compensation, liquidity for its primary $UMAMI-$ETH Uni v3 LP, and potentially very limited OTC capital raises.

Umami holds approximately $5 million in Protocol-owned Liquidity (PoL), which generates yield revenue to cover Umami's operational expenses, strengthen its $UMAMI-$ETH LP, and provide seed liquidity for its vaults. Around 20% of the total token supply is allocated to support current and future team compensation.