# Umbra

**Type:** Privacy-focused financial infrastructure protocol  
**Governance:** Futarchy (MetaDAO ownership structure)  
**Chain:** Solana  
**Status:** Live on mainnet (March 2025)  

## Overview

Umbra is a privacy-first financial infrastructure protocol on Solana governed through MetaDAO's futarchy framework. The protocol provides private transaction rails, shielded asset functionality, and private payment/trading capabilities through a mobile wallet application and SDK for ecosystem integration.

## Products

- **Umbra Wallet (Mobile):** Private wallet enabling users to shield any Solana asset, make private payments, and execute private trades
- **Privacy SDK:** Developer toolkit for integrating privacy features into third-party applications
- **Privacy Infrastructure:** Plug-and-play privacy solutions for ecosystem teams

## Governance Model

Umbra operates under MetaDAO's ownership governance framework where protocol decisions are made through conditional token markets rather than traditional voting. The project has implemented:

- Decision markets for treasury allocation
- Futarchy-governed proposal system for operational decisions
- Market-based capital allocation for R&D priorities

## Holder Engagement Strategy

Umbra is developing a tiered holder engagement system featuring:

- Direct communication channels between holders and core team
- Tiered access based on capital contribution and decision market participation
- Retail participation pathways to 'earn ranks' within the network
- Transparency dashboards for network growth, revenues, and spending
- Third-party verification and reporting infrastructure

## Market Position

- **Token Price:** ~$0.49 (March 2025)
- **Liquidity:** ~$1.5M
- **Treasury AUM:** ~$1.8M
- **Governance Decisions Passed:** Operational expansion funding, security audit funding

## Timeline

- **2025-03** — Mainnet launch; holder engagement infrastructure announced
- **2025-03** — Security audit funding approved via futarchy governance
- **2025-03** — Operational expansion proposal passed through conditional markets