Umami's GLP Vaults are an epitome of innovative DeFi strategies, built around the foundational $GLP token. This token comprises a mix of key assets: USDC, BTC, ETH, LINK, and UNI. These vaults were released July 1st, 2023 with over a year in development. Umami has been an Arbitrum OG as one of the earliest DeFi builders, and we are committed to the long term growth of the network. 

To date, UmamiDAO GLP Vaults have attracted over $5m in TVL. While this may seem low - we have been very meticulous as to how we scale the product, and have continued to see our TVL grow even as GLP as a whole has been shrinking as we see the market shifting to a more bullish sentiment. Additionally, UmamiDAO has $3.2m TVL in its Compounding & Marinate products providing steady yield to end users alongside the GLP Vaults. 