Umia Token

Umia is the first project launched on its own platform, and $UMIA is the first token launched through the Umia architecture. The token governs the Umia Protocol itself: holders direct protocol strategy and the noncustodial treasury through decision markets, control the fee switch, and curate which projects launch through the Community Track. Umia runs on the same stack every project on the platform relies on, so the team building the governance system is also subject to it.

Umia was incubated by Chainbound and now operates as its own entity, Umia, S.P., a segregated portfolio of Umia Launcher SPC (see the Legal Framework).

The UMIA Token's Role

$UMIA is the central coordination mechanism for the protocol. Through decision markets, holders govern four things:

Protocol Treasury Management

Auction proceeds flow directly to the noncustodial protocol treasury. Whether it's swapping treasury assets, changing the disbursement amount, or a one-off funding, any use of the treasury outside the pre-set monthly disbursement requires prior approval from a decision market.

The first Umia decision market is an example: it decided how to allocate the treasury's USDC. Full deployment across Aave and Steakhouse won by 6.75% over Do Nothing and executed onchain on Sep 19, 2026.

Strategic-Level Decisions

High-level governance decisions, such as significant changes in strategic direction, conditional minting of new tokens, protocol upgrades, or the project's dissolution, require a decision market to execute.

Community Track Curation

All Community Track curation markets are paired against $UMIA. When a cohort of projects applies to launch through the Community Track, $UMIA holders participate in a decision market that ranks which projects are most likely to strengthen the protocol's ecosystem.

To be eligible, a project grants the Umia protocol treasury a fixed percentage of its token supply at TGE, enforced programmatically. Holders are therefore ranking projects the protocol will hold an allocation in: Umia succeeds when its launches do. (See Curated and Community Tracks.)

Protocol Fee Governance

The protocol controls the fee switch, which determines the fees the protocol accrues across the platform:

• Spot swap fees on each project's spot market
• Conditional swap fees on decision-market trading
• Future fee structures, such as project-creation fees, as new protocol features are introduced

$UMIA holders govern these parameters through decision markets.

Tokenomics

$UMIA has a total supply of 50M and a launch supply of 40M.

Team Performance Reserve

The 10M performance reserve is minted onchain but locked in MetaVesT, outside the 40M launch supply. It unlocks only when a sustained 30-day TWAP of $UMIA reaches a multiple of the auction close price:

Of the 12.5M tokens allocated to the team and service providers, 10M (80%) are tied to these performance triggers.

The Launch

$UMIA launched through a Tailored Auction on Base, the same mechanism every project on Umia uses (see Tailored Auctions).

At close, roughly 20% of proceeds were paired with the LP allocation to seed a UMIA/USDC pool on Uniswap v4, owned by the treasury. The remaining proceeds went to the noncustodial treasury under the programmatic monthly cap.

Monthly Disbursement

The treasury releases an automatic monthly disbursement of $120K, enforced by smart contracts. This lets the team operate while leaving most of the treasury under noncustodial control. Any change to the cap, and anything beyond it, requires a decision market. The current planned breakdown is as follows:

• Staff (~$57K). Protocol development and day-to-day operations.
• Subsidies & support to projects (~$22K). Direct support for projects launching through Umia.
• Events & ecosystem (~$17K). Outreach, community activations, co-marketing with pipeline projects.
• Infrastructure & tooling (~$8K). Systems that keep the platform running.
• Contingency (~$17K). Kept as a visible line.

See Also