Risk-hedging income protocol Umami on Arbitrum raises USDC Vault deposit limit to $3.5 million

Umami, a risk-hedging income protocol on Arbitrum, raised the Vault deposit limit to $3.5 million. Umami USDC Vault obtains income by using USDC deposited by users to provide liquidity for GMX, and uses Tracer's non-clearing hedging derivatives 3S-BTC/USD+USDC and 3S-ETH/USD+USDC to prevent market volatility. The Vault allocates assets as 50% of stablecoins, 30% of Ethereum, 20% of Bitcoin, and 1-2% of LINK and UNI. User income comes from transaction fees, liquidation fees, and GMX rewards.