Umia

Umia is the onchain venture protocol. Founders apply to launch their token through Umia, raise funds in an open auction, and keep building while their tokenholders govern the project's treasury through decision markets.

Every project on Umia gets its own legal entity, holding the project's intellectual property, its team and its treasury. The funds it raises sit in an onchain treasury contract that the founding team cannot spend on its own. The team draws a monthly allowance, set at formation with recipient addresses and purpose limits, which pays out automatically for development and go-to-market; anything beyond it goes to a decision market.

Fundraising runs through a Tailored Auction, Umia's configuration of Uniswap's Continuous Clearing Auction (CCA): an onchain auction that discovers the token's price over a set window, with refundable bids. Parts of the sale can be reserved for a project's own community, with participants proving they qualify through zkTLS proofs generated in their browser, without revealing their identity, their accounts, or their data. Part of the proceeds automatically seeds a Uniswap v4 liquidity pool owned by the project's treasury.

Governance runs on decision markets that can carry more than two outcomes. Each option of a proposal, including taking no action, trades as its own conditional market, and the outcome with the highest time-weighted average price executes onchain.

UMIA is the token of the Umia protocol, an ERC-20 on Base. Holders direct the protocol's noncustodial treasury, its configuration including fees, and its strategic direction through decision markets. UMIA is also the pairing asset of the Community Track: every curation market is paired against UMIA, so holders decide which applying projects are admitted. Umia is the first project launched on its own platform, running under the same rules as every project that launches after it.

This is the only official UMIA contract.