CMUMAMI is a DeFi asset from Umami that shares the value created by its fee-driven DeFi offerings with long-term stakers, paid out as passive income in $wETH. Marinators may deposit $UMAMI for $mUMAMI at any point during the month, but they can only withdraw $UMAMI on the 1st of each month. Deposits into Marinate can be made as often as desired, even if the user already has tokens deposited.

Marinators can take $wETH rewards as soon as they are released. Eligibility for each reward depends only on holding $mUMAMI at the moment of the reward issuance. Users can also raise their potential returns by using Umami’s alternative staking route, Compound. In Compound, compounding $UMAMI automatically takes $mUMAMI’s $wETH rewards, performs a market buy of additional $UMAMI, and then redeposits it into Umami’s Marinate contract. Those using Compound receive a transferable receipt token, $cmUMAMI, which can be swapped for $UMAMI on the 1st of each month. The yield accumulated by $cmUMAMI shows up as a growing $cmUMAMI-to-$UMAMI ratio. 

Umami is working to drive mass adoption of DeFi through a growing selection of DeFi Yield products designed for institutional investors.