DAO Snapshot #1: Proposal To Mint Up To 175k UMAMI For A 1m USD Fundraise, Team Vesting Contracts & LP Liquidity

PROPOSAL

The Umami Finance team is asking the community to approve the minting of up to 175k UMAMI to enable an up to 1 million USD OTC fundraise via a Dutch Auction, provide 12 month UMAMI vesting contracts to the core team, and deepen UMAMI trading liquidity.

OTC investors will be compensated with staked cmUMAMI on a 6 month linear vesting schedule.

The Umami team proposes the following allocations for the minted UMAMI:

-Approx. 50k to 75k UMAMI for an OTC capital raise of ~1m via a Dutch auction at the highest possible price per UMAMI token.

-Up to 75k UMAMI tokens to be kept in the Umami treasury to cover current & future team compensation.

-Up to 50k UMAMI to deepen liquidity for UMAMI-paired LPs on Uni v3.

Learn more about the proposed Umami DAO Snapshot here:

https://umamifinance.medium.com/umami-dao-snapshot-1-4306219f09f5

VOTE

The Umami team encourages holders to vote YES on the proposal to mint 175k UMAMI to raise 1m USD, provide UMAMI token comp for the team & increase UMAMI liquidity.

Voting is limited to holders of mUMAMI, cmUMAMI & staked cmUMAMI, which represent the three long-term holding options available to the UMAMI community.