CurrencyPriceCMUMAMI

CMUMAMI is a DeFi asset of Umami that delivers the value Umami creates from its fee-generating DeFi products to long term stakers in the form of passive-income in $wETH. Marinators can deposit $UMAMI in exchange for $mUMAMI at any time throughout the month, but can only withdraw $UMAMI on the 1st of each month. Users can deposit $UMAMI into Marinate as often as they want, even if they have already deposited tokens.Marinators can claim $wETH rewards as soon as they are made available. Only the user holding $mUMAMI at the time of a reward issuance is eligible for that reward.Users can further boost their returns by depositing into Umami’s alternative staking option, Compound. Compounding $UMAMI automatically uses $mUMAMI's $wETH rewards to market buy more $UMAMI and redeposit it into Umami's Marinate contract. Compounders receive a fungible receipt token, $cmUMAMI, that can be exchanged for $UMAMI on the 1st of each month. The yield accrued by $cmUMAMI is reflected as an increasing ratio of $cmUMAMI to $UMAMI.Umami is pioneering the mass adoption of DeFi with its expanding array of DeFi Yield products tailored to institutional investors.