Umami DAO FAQ

Protocol, tokenomics and general guidelines

  1. What is Umami DAO? Umami DAO is a Decentralized DeFi protocol that is pioneering the adoption of DeFi with its expanding array of Yield products tailored to the average consumer.

  2. Are Umami’s products available to retail investors? Absolutely! All of Umami’s products can be deposited into permissionlessly on its Web 3 app, https://umami.finance/.

  3. How do I access Umami’s Web 3 app? Umami is based on Arbitrum, the leading Layer 2 Scaling chain of Ethereum. Users can seamlessly bridge to Arbitrum from most chains using Umami’s in-app bridging functionality (https://umami.finance/exchange). Many fiat Crypto onramps, including Banxa and Cryptocom, also onramp directly to Arbitrum.

  4. Does Umami have a project token? No Umami's governance token ($UMAMI) was migrated to Bonsai. Umami no longer has a token. If you have remaining $UMAMI tokens please migrate here

  5. What is $ARBIS? $ARBIS is an old ecosystem token that was deprecated and merged with $UMAMI following a community snapshot. As part of the token merge, $ARBIS holders were given an opportunity to exchange $ARBIS for $UMAMI at a modest premium. The exchange contract is no longer funded.

  6. What is sUMAMI? sUMAMI is the old version of staked $UMAMI. Please unstake your $sUMAMI on the previous front-end.

  7. Is Umami an OHM fork? Not anymore. A predecessor to Umami, called ZeroTwOhm (Z2O), was launched in October 2021. Z2O was a fork of Olympus DAO that utilized its bonding and staking smart contract functions. It continued to utilize OHM tokenomics for around 2 months after it was rebranded as Umami. Z2O/UMAMI “v1” were created by a different team than the one currently running the Umami project. Umami transitioned away from the OHM model completely when its current leadership team took over in February. None of the original Z2O smart contract code is in use.

  8. Is Umami Audited? Yes, Umami's audit was performed by Zokyo and passed with a 96% passing grade. You can review the Audit here:

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