Yellow Capital — Profit sharing for $UMBRA :root{ --ink:#1a1c20;--gray:#5c6472;--faint:#9aa1ad;--line:#e6e8ec;--line-mid:#d7dbe2; --gold:#e8b400;--gold-ink:#b8901f;--bg:#eef1f5;--red:#b0342a;--green:#2f7d54; } *{box-sizing:border-box} html,body{margin:0;padding:0} body{background:var(--bg);color:var(--ink); font-family:"Helvetica Neue",Helvetica,Arial,sans-serif;-webkit-font-smoothing:antialiased} .slide{position:relative;width:1280px;height:720px;margin:26px auto;background:#fff; padding:52px 84px 60px;overflow:hidden; box-shadow:0 1px 3px rgba(0,0,0,.05),0 16px 46px rgba(20,30,50,.10)} .top{display:flex;justify-content:space-between;align-items:flex-start} .kick{font-size:12px;letter-spacing:.19em;text-transform:uppercase;color:var(--ink);font-weight:700;margin:0} .ctx{font-size:11.5px;color:var(--faint);margin:0;text-align:right} .logo-lg{width:206px;height:auto;display:block} .logo-sm{width:112px;height:auto;display:block} .h{font-size:40px;font-weight:800;letter-spacing:-.02em;line-height:1.08;color:var(--ink);margin:20px 0 0;max-width:1030px} .h .hl{color:var(--gold)} .sub{font-size:17.5px;color:var(--gray);margin:14px 0 0;max-width:900px;line-height:1.45} .foot{position:absolute;left:84px;right:84px;bottom:28px;display:flex;justify-content:space-between; font-size:10.5px;letter-spacing:.1em;text-transform:uppercase;color:var(--faint)} .cover,.closing{display:flex;flex-direction:column} .cover .h,.closing .h{font-size:60px;font-weight:800;color:var(--faint);line-height:1.04;letter-spacing:-.025em;max-width:920px} .spacer{flex:1} .meta{display:flex;gap:56px} .meta .mk{font-size:10.5px;letter-spacing:.12em;text-transform:uppercase;color:var(--faint);font-weight:700} .closing .meta .mk{color:var(--ink);font-weight:800} .meta .mv{font-size:15px;color:var(--ink);margin-top:5px} .tag{border-left:3px solid var(--gold);padding-left:16px;color:var(--gray);font-size:15px;line-height:1.4;max-width:300px} .coverrow{display:flex;justify-content:space-between;align-items:flex-end} .cards{display:grid;gap:20px;margin-top:30px} .c4{grid-template-columns:repeat(4,1fr)} .c3{grid-template-columns:repeat(3,1fr)} .c2{grid-template-columns:repeat(2,1fr)} .card{border:1px solid var(--line);border-radius:8px;padding:20px 22px} .card .cl{font-size:11px;letter-spacing:.06em;text-transform:uppercase;color:var(--gold-ink);font-weight:800;margin:0 0 9px} .card h3{font-size:17.5px;font-weight:750;margin:0 0 7px;color:var(--ink);line-height:1.15} .card p{font-size:13.5px;color:var(--gray);line-height:1.48;margin:0} .tiles{display:grid;grid-template-columns:repeat(4,1fr);gap:18px;margin-top:28px} .t5{grid-template-columns:repeat(5,1fr)} .tile{border:1px solid var(--line);border-radius:8px;padding:18px 20px} .tile .tl{font-size:10.5px;letter-spacing:.09em;text-transform:uppercase;color:var(--faint);font-weight:700} .tile .tn{font-size:29px;font-weight:800;color:var(--ink);letter-spacing:-.02em;margin:9px 0 5px;line-height:1} .tile .ts{font-size:12.5px;color:var(--gray);line-height:1.35} ul.b{margin:20px 0 0;padding:0;list-style:none} ul.b li{position:relative;padding:0 0 0 22px;margin:0 0 11px;font-size:15px;color:var(--ink);line-height:1.45;max-width:1000px} ul.b li:before{content:"";position:absolute;left:0;top:8px;width:8px;height:8px;background:var(--gold);border-radius:2px} ul.b li span{color:var(--gray)} .lede{font-size:21px;color:var(--ink);line-height:1.4;margin:26px 0 0;max-width:980px;font-weight:500} .lede .hl{color:var(--gold-ink)} table{width:100%;border-collapse:collapse;margin-top:24px} th,td{text-align:left;padding:10px 22px 10px 0;border-bottom:1px solid var(--line);vertical-align:top; font-size:13px;line-height:1.4;color:var(--ink)} thead th{font-size:10.5px;letter-spacing:.08em;text-transform:uppercase;color:var(--ink);font-weight:700; border-bottom:2px solid var(--line-mid);padding-bottom:9px} table:not(.kpi) tr>*:last-child{padding-right:0} .kpi td+td{padding-left:22px} td.n,th.n{text-align:right;font-variant-numeric:tabular-nums;white-space:nowrap} tr.tot td{border-top:2px solid var(--line-mid);border-bottom:none;font-weight:750;padding-top:12px} .rm td:first-child{color:var(--gold-ink);font-weight:750;font-size:10.5px;text-transform:uppercase;letter-spacing:.05em;width:19%} .note{font-size:12px;color:var(--gray);margin-top:15px;line-height:1.45;max-width:1060px} .tcompact td,.tcompact th{padding-top:8px;padding-bottom:8px} .cards.eq .card{display:flex;flex-direction:column} .cards.eq .card .last{margin-top:auto;padding-top:12px} .miss{color:var(--red);font-weight:700} .ok{color:var(--green);font-weight:700} .neu{color:var(--faint);font-weight:700} .cols{display:grid;grid-template-columns:1.05fr .95fr;gap:48px;margin-top:24px} .cols3{display:grid;grid-template-columns:repeat(3,1fr);gap:40px;margin-top:24px} .obj{padding:11px 0;border-top:1px solid var(--line)} .obj:first-child{border-top:none;padding-top:0} .obj .oh{font-size:10.5px;letter-spacing:.06em;text-transform:uppercase;color:var(--gold-ink);font-weight:800} .obj .ov{font-size:15px;font-weight:700;margin:3px 0 3px;color:var(--ink)} .obj .od{font-size:13px;color:var(--gray);line-height:1.42} .step{display:grid;grid-template-columns:56px 1fr;gap:8px;padding:15px 0;border-bottom:1px solid var(--line)} .step .sn{font-size:22px;font-weight:800;color:var(--gold);line-height:1} .step h4{font-size:16px;font-weight:750;margin:0 0 5px} .step p{font-size:13.5px;color:var(--gray);line-height:1.45;margin:0;max-width:960px} /* inventory diagram */ .flow{margin-top:26px} .bar{display:flex;height:56px;border-radius:6px;overflow:hidden;border:1px solid var(--line-mid)} .seg{display:flex;flex-direction:column;justify-content:center;padding:0 14px;border-right:1px solid #fff} .seg:last-child{border-right:none} .seg .sv{font-size:18px;font-weight:800;line-height:1;white-space:nowrap} .seg.a{background:#fdf4d4;color:#6b5400;flex:0 0 10%} .seg.b{background:#f4f6f9;color:var(--ink);flex:1} .barlab{display:flex;margin-top:10px} .bl{padding-right:16px;font-size:10.5px;letter-spacing:.08em;text-transform:uppercase;font-weight:800; color:var(--gold-ink);line-height:1.35} .bl.a{flex:0 0 10%} .bl.b{flex:1;color:var(--ink)} .bl span{display:block;font-size:12px;letter-spacing:0;text-transform:none;font-weight:400; color:var(--gray);margin-top:3px} /* causal chain */ .chain{margin-top:24px} .ch{font-size:15px;color:var(--ink);line-height:1.3;font-weight:600} .ch.dim{color:var(--gray);font-weight:400} .chd{color:var(--gold);font-size:14px;line-height:1;margin:10px 0 10px 2px} .legend{display:grid;grid-template-columns:repeat(2,1fr);gap:30px;margin-top:22px} .lg{border-top:2px solid var(--line-mid);padding-top:13px} .lg .lh{font-size:11px;letter-spacing:.07em;text-transform:uppercase;font-weight:800;color:var(--gold-ink)} .lg .lt{font-size:15px;font-weight:700;margin:5px 0 5px} .lg .ld{font-size:13px;color:var(--gray);line-height:1.45} .kpi{width:100%;border-collapse:collapse;margin:0} .kpi td{padding:6px 10px 6px 0;border-bottom:1px solid var(--line);font-size:12.5px;color:var(--ink);vertical-align:top} .kpi td:first-child{color:var(--gray);width:55%} .kpi .kh{font-size:10.5px;letter-spacing:.08em;text-transform:uppercase;color:var(--faint);font-weight:700;border-bottom:2px solid var(--line-mid);padding-bottom:8px} .sig{display:grid;grid-template-columns:1fr 1fr;gap:26px;margin-top:26px} .sigbox{border:1px solid var(--line);border-radius:8px;overflow:hidden} .sigbox .sh{background:#f7f8fa;padding:13px 18px;font-size:14px;font-weight:750;border-bottom:1px solid var(--line)} .sigrow{display:grid;grid-template-columns:38% 62%;border-bottom:1px solid var(--line)} .sigrow:last-child{border-bottom:none} .sigrow .sl{padding:12px 18px;font-size:12px;color:var(--gray);background:#fcfcfd} .sigrow .sv2{padding:12px 18px;font-size:13px} .blank{padding:15px 18px;border-bottom:1px solid var(--line);font-size:10.5px;letter-spacing:.1em;text-transform:uppercase;color:var(--faint);font-weight:700} .blank:last-child{border-bottom:none} /* ── Liquidity model: order-book ladder ── */ .ob{margin-top:20px} .obhead,.obrow{display:grid;grid-template-columns:128px 1fr 104px 1fr 128px;align-items:center} .obhead{margin-bottom:10px} .obhead div{font-size:10.5px;letter-spacing:.1em;text-transform:uppercase;font-weight:800;color:var(--faint)} .obhead .hb{grid-column:2;text-align:right;padding-right:10px} .obhead .hm{grid-column:3;text-align:center;color:var(--gold-ink)} .obhead .ha{grid-column:4;text-align:left;padding-left:10px} .obrow{margin-bottom:8px} .obv{font-size:15px;font-weight:800;line-height:1.05;font-variant-numeric:tabular-nums} .obf{font-size:11px;color:var(--gray);margin-top:2px;font-variant-numeric:tabular-nums} .obl{text-align:right;padding-right:14px} .obr{text-align:left;padding-left:14px} .obw{display:flex;justify-content:flex-end} .obw.r{justify-content:flex-start} .obbar{height:28px;border-radius:3px;background:#2f3a4a} .obm{text-align:center;font-size:10px;letter-spacing:.07em;text-transform:uppercase;font-weight:800; color:var(--gold-ink);background:#fdf9ec;border-left:1px solid #f2e6bd;border-right:1px solid #f2e6bd; padding:9px 0;line-height:1} .callout{margin-top:20px;border-left:3px solid var(--gold);background:#fbfbfc;padding:13px 20px} .callout .cl{font-size:11px;letter-spacing:.06em;text-transform:uppercase;color:var(--gold-ink); font-weight:800;margin:0 0 6px} .callout p{font-size:13.5px;color:var(--gray);line-height:1.5;margin:0;max-width:1020px} /* ── Conversion flow ── */ .fl{display:grid;grid-template-columns:1fr 30px 1fr 30px 1fr 30px 1fr;align-items:stretch;margin-top:24px} .fc{border:1px solid var(--line);border-radius:8px;padding:14px 16px;display:flex;flex-direction:column} .fc.gold{border-color:var(--gold);border-width:1.5px} .fc .fn{font-size:10px;letter-spacing:.09em;text-transform:uppercase;font-weight:800;color:var(--faint);margin:0 0 7px} .fc.gold .fn{color:var(--gold-ink)} .fc h4{font-size:14.5px;font-weight:750;margin:0 0 6px;line-height:1.22;color:var(--ink)} .fc p{font-size:12px;color:var(--gray);line-height:1.42;margin:0} .fa{display:flex;align-items:center;justify-content:center;color:var(--gold);font-size:17px;font-weight:700} /* ── Worked example ── */ .wx{margin-top:20px;border:1px solid var(--line);border-radius:8px;overflow:hidden} .wx .wxh{background:#f7f8fa;padding:10px 20px;font-size:11px;letter-spacing:.08em;text-transform:uppercase; font-weight:800;color:var(--ink);border-bottom:1px solid var(--line)} .wxb{display:grid;grid-template-columns:248px 1fr;gap:30px;padding:15px 20px 17px} .wxs{display:flex;flex-direction:column;justify-content:center;gap:6px} .wxs div{display:flex;justify-content:space-between;font-size:12.5px;color:var(--gray); border-bottom:1px solid var(--line);padding-bottom:6px} .wxs div:last-child{border-bottom:none;padding-bottom:0} .wxs b{color:var(--ink);font-weight:800;font-variant-numeric:tabular-nums} .wxtop{display:flex;justify-content:space-between;align-items:baseline;margin-bottom:8px} .wxtop .l{font-size:12px;color:var(--gray)} .wxtop .v{font-size:19px;font-weight:800;font-variant-numeric:tabular-nums} .split{display:flex;height:46px;border-radius:4px;overflow:hidden} .sp{display:flex;flex-direction:column;justify-content:center;padding:0 14px;color:#fff} .sp .spv{font-size:16px;font-weight:800;line-height:1.1;font-variant-numeric:tabular-nums} .sp .spl{font-size:10.5px;opacity:.85;margin-top:2px} .sp.keep{background:#2f3a4a;flex:0 0 46.7%} .sp.buf{background:var(--gold);color:#5a4700;flex:1} .sp.buf .spl{opacity:.92} .splab{display:flex;margin-top:8px;font-size:11.5px;color:var(--gray);line-height:1.35} .splab .a{flex:0 0 46.7%;padding-right:14px} .splab .b{flex:1} /* ── Activation trigger ── */ .trig{display:grid;grid-template-columns:1fr 38px 1fr 38px 1.55fr;align-items:center;margin-top:22px} .tg{border:1px solid var(--line);border-radius:8px;padding:12px 18px} .tg.gold{border-color:var(--gold);border-width:1.5px;background:#fdf9ec} .tgl{font-size:10px;letter-spacing:.08em;text-transform:uppercase;font-weight:800;color:var(--faint)} .tg.gold .tgl{color:var(--gold-ink)} .tgv{font-size:25px;font-weight:800;letter-spacing:-.02em;margin-top:5px;line-height:1;font-variant-numeric:tabular-nums} .tgop{text-align:center;font-size:19px;font-weight:700;color:var(--faint)} /* ── Before / after comparison ── */ .cmp{display:grid;grid-template-columns:1fr 176px 1fr;margin-top:22px;align-items:start} .cp{border:1px solid var(--line);border-radius:8px;padding:13px 18px 15px} .cp.after{border-color:var(--gold);border-width:1.5px} .cph{font-size:10.5px;letter-spacing:.09em;text-transform:uppercase;font-weight:800;color:var(--faint); margin:0 0 10px;display:flex;justify-content:space-between} .cp.after .cph{color:var(--gold-ink)} .cr{display:grid;grid-template-columns:60px 1fr 66px;align-items:center;height:26px} .cr .cv{line-height:1.15} .cr .cl2{font-size:10.5px;color:var(--gray);letter-spacing:.04em;text-transform:uppercase;font-weight:700} .cr .cb{height:15px;border-radius:2px;background:#2f3a4a} .cr .cb.new{background:var(--gold)} .cr .cb.empty{background:transparent;border:1px dashed var(--line-mid);border-radius:2px} .cr .cv{font-size:12.5px;font-weight:750;text-align:right;font-variant-numeric:tabular-nums} .cr.newrow .cl2,.cr.newrow .cv{color:var(--gold-ink)} .ctot{display:flex;justify-content:space-between;align-items:baseline;border-top:2px solid var(--line-mid); margin-top:9px;padding-top:9px} .ctot .k{color:var(--gray);font-weight:700;text-transform:uppercase;letter-spacing:.06em;font-size:10.5px} .ctot .v{font-size:15px;font-weight:800;font-variant-numeric:tabular-nums} .cmid{display:flex;flex-direction:column;align-items:center;justify-content:center;padding:0 12px; height:232px;text-align:center} .cmid .cm1{font-size:10px;letter-spacing:.09em;text-transform:uppercase;font-weight:800;color:var(--gold-ink)} .cmid .cm2{font-size:17px;font-weight:800;margin-top:3px;font-variant-numeric:tabular-nums} .cmid .arw{font-size:30px;color:var(--gold);line-height:1;margin:14px 0} .cmid .cm3{font-size:27px;font-weight:800;letter-spacing:-.02em;line-height:1} .cmid .cm4{font-size:10.5px;color:var(--gray);margin-top:4px;line-height:1.35} /* ── Print: one slide === exactly one landscape page ── */ @page{size:1280px 720px;margin:0} @media print{ html,body{background:#fff;margin:0;padding:0} .slide{margin:0;box-shadow:none;width:1280px;height:720px;max-height:720px; overflow:hidden;page-break-inside:avoid;break-inside:avoid; page-break-after:always;break-after:page} /* no phantom trailing page after the closing slide */ .slide:last-child{page-break-after:avoid;break-after:avoid;margin-bottom:0;padding-bottom:60px} } /* ── airy slides ── */ .airy ul.b li{margin-bottom:19px;font-size:15.5px} .airy .obj{padding:15px 0} .airy .cards .card{padding:24px 26px} .airy .cards .card h3{font-size:18px;margin-bottom:9px} .airy .cards .card p{font-size:14px;line-height:1.52} .airy .stp{margin-bottom:15px} .airy .stg{padding:24px 26px} .airy .stg h3{font-size:20px;margin-bottom:18px} .airy .stg .stp p{font-size:13.5px;line-height:1.5} .airy .gate .gtx{font-size:12px} /* ── two-stage programme ── */ .stage{display:grid;grid-template-columns:1fr 152px 1fr;margin-top:24px;align-items:stretch} .stg{border:1px solid var(--line);border-radius:8px;padding:19px 23px;display:flex;flex-direction:column} .stg.two{border-color:var(--gold);border-width:1.5px;background:#fffdf6} .stg .sl{font-size:10.5px;letter-spacing:.09em;text-transform:uppercase;font-weight:800;color:var(--faint)} .stg.two .sl{color:var(--gold-ink)} .stg h3{font-size:19px;font-weight:800;margin:5px 0 14px;letter-spacing:-.01em;line-height:1.15} .stp{display:grid;grid-template-columns:20px 1fr;gap:9px;margin-bottom:10px} .stp .sq{font-size:11px;font-weight:800;color:var(--gold-ink);padding-top:2px;font-variant-numeric:tabular-nums} .stp p{margin:0;font-size:13px;color:var(--gray);line-height:1.45} .stp b{color:var(--ink);font-weight:700} .stg .lastline{margin-top:auto;padding-top:13px;border-top:1px solid var(--line); font-size:12.5px;color:var(--ink);font-weight:700;line-height:1.4} .stg.two .lastline{border-top-color:#efe3bd} .gate{display:flex;flex-direction:column;align-items:center;justify-content:center;padding:0 15px;text-align:center} .gate .garw{font-size:27px;color:var(--gold);line-height:1} .gate .gtx{font-size:11.5px;color:var(--gray);line-height:1.42;margin-top:11px} .gate .gtx b{display:block;font-size:9.5px;letter-spacing:.08em;text-transform:uppercase; color:var(--gold-ink);margin-bottom:5px} .note{font-size:14px} .card p{font-size:15px;line-height:1.55} .card h3{font-size:19px} .card .cl{font-size:12px} .callout p{font-size:15.5px;line-height:1.55} .callout .cl{font-size:12px} .sub{font-size:19px} .ctx{font-size:12.5px} .foot{font-size:11.5px} .hero-price{display:flex;align-items:center;gap:24px;margin-top:22px;padding:18px 36px; border:2px solid var(--gold);border-radius:12px;background:#fffdf6} .hero-price .hp-v{font-size:50px;font-weight:800;letter-spacing:-.03em;line-height:1;color:var(--ink);white-space:nowrap;flex-shrink:0} .hero-price .hp-u{font-size:15px;color:var(--gray);font-weight:700;line-height:1.3;flex-shrink:0;padding-top:4px} .hero-price .hp-d{margin-left:auto;text-align:left;font-size:13.5px;color:var(--gray);line-height:1.5;max-width:430px; border-left:2px solid var(--line-mid);padding-left:24px} .hero-price .hp-d b{color:var(--ink)} .inc{display:grid;grid-template-columns:repeat(3,1fr);gap:18px;margin-top:26px} .inc .ic{border:1px solid var(--line);border-radius:8px;padding:20px 22px;text-align:center} .inc .ic .iv{font-size:24px;font-weight:800;color:var(--ink);letter-spacing:-.01em} .inc .ic .il{font-size:12px;letter-spacing:.08em;text-transform:uppercase;color:var(--faint);font-weight:700;margin-top:7px} .bigstat{display:grid;grid-template-columns:repeat(3,1fr);gap:22px;margin-top:40px} .bigstat .bs{border:1px solid var(--line);border-radius:10px;padding:32px 28px;text-align:center} .bigstat .bs.gold{border-color:var(--gold);border-width:2px;background:#fffdf6} .bigstat .bs .bv{font-size:46px;font-weight:800;letter-spacing:-.02em;line-height:1;color:var(--ink)} .bigstat .bs .bl{font-size:13px;letter-spacing:.08em;text-transform:uppercase;color:var(--faint);font-weight:700;margin-top:13px} .bigstat .bs .bd{font-size:14.5px;color:var(--gray);margin-top:9px;line-height:1.45} .simple-steps{display:grid;grid-template-columns:repeat(5,1fr);gap:14px;margin-top:44px} .ss{border:1px solid var(--line);border-radius:10px;padding:26px 18px;text-align:center} .ss .sn2{font-size:36px;font-weight:800;color:var(--gold);line-height:1} .ss h4{font-size:15.5px;font-weight:750;margin:13px 0 7px;color:var(--ink);line-height:1.2} .ss p{font-size:13.5px;color:var(--gray);line-height:1.45;margin:0} .brandline{margin-top:30px;font-size:14px;letter-spacing:.16em;text-transform:uppercase; color:var(--gold-ink);font-weight:700} .pillars{display:grid;grid-template-columns:repeat(3,1fr);gap:0;margin-top:40px; border-top:2px solid var(--line-mid)} .pillar{padding:28px 26px 0;border-right:1px solid var(--line)} .pillar:last-child{border-right:none} .pillar .ph{font-size:12px;letter-spacing:.1em;text-transform:uppercase;color:var(--gold-ink);font-weight:800} .pillar h3{font-size:20px;font-weight:800;margin:10px 0 10px;color:var(--ink);letter-spacing:-.01em;line-height:1.2} .pillar p{font-size:15px;color:var(--gray);line-height:1.55;margin:0} .eco{display:flex;gap:14px;margin-top:36px} .eco .ec{flex:1;border:1px solid var(--line);border-radius:8px;padding:18px 20px;text-align:center} .eco .ec .en{font-size:15.5px;font-weight:800;color:var(--ink)} .eco .ec .ed{font-size:13px;color:var(--gray);margin-top:5px;line-height:1.4} .eco .ec.gold{border-color:var(--gold);border-width:2px;background:#fffdf6} /* all-costs table */ .costs{width:100%;border-collapse:collapse;margin-top:16px} .costs th{font-size:11px;letter-spacing:.08em;text-transform:uppercase;color:var(--faint); text-align:left;padding:7px 12px;border-bottom:2px solid var(--line-mid)} .costs th.n,.costs td.n{text-align:right} .costs td{font-size:14px;padding:8px 12px;border-bottom:1px solid var(--line);color:var(--gray);line-height:1.35} .costs td b{color:var(--ink)} .costs td.n b{font-size:14.5px} .costs tr.free td.n b{color:var(--gold-ink)} Profit sharing proposal Aligned incentives. $UMBRA liquidity recovery. A $4,000 monthly retainer keeps a professional desk on $UMBRA 24/7; a 50/50 profit share turns our trading into joint upside — full Yellow Group package included. Powered by technology · Driven by markets · Built on transparency Prepared for Umbra Foundation Date September 2026 Term Retainer + profit share Ref. YC-SOL-UMBRA-01 Aligned incentives, shared upside — plus yellow.com, yellow.pro & yellow.org, included. yellow.capital 01 Who we are Yellow Capital. The market-making arm of Yellow Group — the team behind Openware, one of the most widely deployed open-source exchange stacks in crypto. Deep market expertise Years operating real markets Trading across exchanges, cycles and liquidity regimes — when conditions are at their most demanding. A technology company first Built by exchange engineers We built the software exchanges run on. We know how venues measure market makers from the inside. The path less traveled An ecosystem, not a vendor Market making, investments, exchange software and media — one group, at your service. $600M+ 30-day trading activity across Yellow-operated markets 100+ Exchange partners and 100+ blockchain projects supported 24/7 Desk coverage monitoring, alerting and incident response Who we are 02 UMBRA today Public market data · 8 September 2026 A $1.7M-cap Solana token with zero CEX listings. $1.72M Market cap rank #4621 · FDV $4.92M, 28.5M max supply 0.89% Vol / market cap $15.4K daily volume — thin for any trading venue 16.6% Liquidity / cap ~$286K DEX depth on Solana — zero CEX presence The takeaway UMBRA is a Solana-native privacy token: 10M of 28.5M supply in circulation, 6.2K holders, CertiK 3.9. The privacy story is solid; the on-chain liquidity is not. Trading only on Solana DEX (MetaDAO, Meteora) with $15K daily volume, spreads swing 3–8% and price discovery is fragile. Yellow Capital deploys two-sided quotes into that vacuum. Price $0.17 · ATH $2.43 (Oct 2025) · ATL $0.17 (Sep 2026) · Solana SPL token, 6.2K holders, CertiK 3.9. UMBRA today 03 The Yellow Group package Included with this engagement — at no extra cost More than a market maker. A full-stack partner. This engagement bundles three concrete actions across the Yellow Group ecosystem — each one a lever most market makers simply don’t have. yellow.pro free listing No listing fee on Yellow’s own trading platform yellow.com activation Editorial coverage & press placement to a crypto-native audience yellow.org introduction Partner-matching within the Web3 clearing ecosystem Distribution A venue, at no cost Free listing on yellow.pro adds a venue to the UMBRA trading programme without adding a fee — every additional pair strengthens market resilience. Visibility An audience, not just an order book yellow.com reaches a crypto-native readership. A feature introducing UMBRA’s privacy primitives on Solana is worth more than a listing announcement alone. Ecosystem A partner, not just a listing Through yellow.org we open doors to ecosystem partners — the kind of strategic fit that compounds beyond market making. The Yellow Group package 04 The proposal Everything on one page · nothing hidden One page. Every cost. $4,000 per month + 50/50 profit share The retainer covers the desk. The profit share keeps incentives aligned — Yellow deploys client inventory to provide two-sided liquidity, and both sides split every net gain equally. Item Terms Cost Onboarding fee One-time Waived Monthly retainer Dedicated desk, 24/7 monitoring & weekly reporting $4,000 Profit share Net gains from spread capture & inventory rotation, after gas and fees 50 / 50 yellow.pro listing Free listing on Yellow’s own trading platform Included yellow.com activation Editorial feature to a crypto-native audience Included yellow.org introduction Ecosystem partner-matching Included CEX listing advisory Path to Gate, Bitget, OKX or Bybit once volume & cap qualify — listing fees scoped separately Included Term & exit 30-day pilot · 30 days’ notice · full settlement before close No lock-in USDT or USDC, monthly in advance. On termination, all accrued profit shares are settled in full before the engagement closes — no open balances, ever. The proposal 05 How it works Liquidity provision, not directional bets Deploy liquidity where $UMBRA trades. Earn the spread, share the upside. 01 · Detect Monitor DEX pools on Solana $UMBRA trades exclusively on Solana DEX (MetaDAO Futarchy AMM, Meteora DAMM V2). Thin liquidity plus zero CEX presence means spreads stay wide and price discovery stays fragile — the desk maps every pool in real time. 02 · Execute Quote two-sided, capture spread Client inventory deployed as two-sided quotes on Meteora and MetaDAO — simultaneously deepening the pool and tightening spreads across the order book. 03 · Settle Net P&L, settled on-chain Every cycle’s net gain — after gas and fees — is split equally and settled daily, weekly or monthly, your choice. Why retainer + profit share At today’s $15K daily volume, the retainer keeps a professional desk on $UMBRA 24/7, and the profit share keeps both sides hungry for every basis point as volume grows. The shared goal: build the volume and depth that qualify $UMBRA for a first CEX listing — Gate, Bitget, OKX or Bybit — where Yellow’s 100+ exchange relationships open the door. How it works 06 Reporting & communication Transparency by default You see everything we do. Weekly Written performance report Activity, depth and spread captured per venue — every trade attributed and explained. Monthly Strategy review Performance review with your account manager, plus Yellow Group package progress updates. Always Direct channel Named account manager, shared channel, recurring weekly call. Desk escalation in minutes. Independently verifiable Everything we report is publicly verifiable. UMBRA never has to take our word for anything. Reporting & communication 07 Getting started Signature to live activity in days Five steps to go-live. 1 KYC / AML Standard checks, run in parallel 2 Agreement Scope and terms signed 3 Account manager Named contact + weekly call 4 yellow.pro & yellow.com Free listing live, activation scheduled 5 Go live Desk active on every venue in scope Security by default Yellow Capital never holds withdrawal rights over client assets. Inventory stays in UMBRA’s own accounts at all times. Getting started 08 Let’s give $UMBRA the liquidity it deserves. A short call to confirm the yellow.pro listing, schedule the yellow.com feature, and align on the 50/50 split mechanics — with a clear roadmap toward $UMBRA’s first CEX listing. Powered by technology · Driven by markets · Built on transparency Contact Pedro · Head of Strategic Relations pedro@yellow.com · yellow.capital Ref. YC-SOL-UMBRA-01 Aligned incentives, shared upside — plus yellow.com, yellow.pro & yellow.org, included. Thank you 09