Umami DAO Snapshot #2

Note: Proposal authored by Umami DAO Community Member @afirebrand.

In order to secure the value proposition for Umami, I believe it is necessary to further streamline our tokenomics to fully divest ourselves of the past and proceed into the future as a potential blue chip DeFi protocol.

To this end, I am proposing that the community consider approving 2 major changes to our tokenomics:

-Set a cap on UMAMI token minting to permit no more than 1 million UMAMI tokens to exist (Max UMAMI Supply: 1m).

-Deprecate the ARBIS token via an ARBIS-->UMAMI swap to permit UMAMI's token to become the sole token of value to the protocol.

Proposed ARBIS:UMAMI Swap Ratio:

The 30-day WMA for ARBIS/UMAMI is 0.0000022. This results in an effective valuation of ARBIS at ~$0.000052. It is important to note that this actually represents a PREMIUM over the existing token price of $0.00003913 as of the date of this Snapshot (5/23/22).

Read more details on Umami DAO Snapshot #2 here:

https://umamifinance.medium.com/umami-dao-snapshot-2-6de095d27af2