Liquidity Council Submissions

Liquidity Council
1

Submission Guidelines

Submissions should be made via this forum, in response to this topic. The council will monitor this thread regularly.

When submitting a project for liquidity assistance, please ensure it adheres to the following criteria. Each proposal will be meticulously reviewed against these published standards by the elected councillors.

Submissions that do not adhere to these guidelines might face delays in review or may not be considered. We encourage thoroughness and clarity in your submissions to expedite the assessment process.

Project Viability

Detail the primary purpose of the project and its potential contribution to further the adoption and use of the broader Archway ecosystem.

Include a comprehensive business model or a roadmap that demonstrates sustainability and growth potential.

Security & Compliance

Confirm that funds will be appropriately administered via the project smart contracts or admin multi-sig.

Projects should aim to undergo at least one security audit by a reputable firm on smart contract code, with results made publicly available (or at least available to council members).

Community Engagement

Present evidence of an active, engaged community or a plan to build one. This could be demonstrated through social media activity, community events, or other interactive platforms.

Highlight any previous or ongoing efforts to educate and inform the existing Archway community about the project’s goals and benefits.

Past Performance & Achievements

If applicable, provide any metrics or achievements that support the project’s potential for success, such as partnerships, milestones reached, or user adoption statistics.

If the project has been deployed successfully on other chains/ecosystems this is a plus.

Team & Advisors

Offer a background of the core team members and advisors, emphasizing relevant experience in the blockchain and DeFi spaces.

Detail any previous projects or endeavors that showcase the team’s ability to execute.

Tokenomics & Distribution

(If applicable) Provide a transparent breakdown of token distribution, covering team, advisors, community, and reserves.

Explain the token’s utility within the ecosystem, its role, and any mechanisms that drive demand or value.

Use of Funds

(UPDATE:) Please provide an indication of how much ARCH liquidity you are looking for, bearing in mind the council has a maximum budget of 5m ARCH, and additional safety thresholds above 250k ARCH per submission.

Clearly outline how liquidity assistance will be used to further the project’s objectives.

Detail any safeguards in place to ensure responsible use of provided tokens.

Alignment with Archway Values

Make clear how the project aligns with Archway’s mission, values, and long-term vision. Explain how the rewards mechanics are being utilized.

Exit Strategy

Detail plans for potential contingencies, such as project pivoting or winding down, ensuring liquidity providers’ interests are protected.

Feedback Mechanism

Demonstrate a commitment to regularly update the Liquidity Council on the project’s progress and any changes in tokenomics, partnerships, or strategy.

4 Likes
2

Project Viability

Request ARCH funds to supply liquidity to the ARCH-xARCH stable pool on Astrovault.io.

Security & Compliance

You guys deploy the funds to the proper contracts. This isn’t a grant. While the contracts have not yet been audited, they have been sanity checked by Phi Labs. Audits are expensive.

Community Engagement

Astrovault has consistently been active and engaged in the community, twitter, telegram, etc.

Past Performance & Achievements

We have over $1M in liquidity on Archway, over $24k in Protocol Earned Liquidity, and nearly 3,000 active users to this point.

Team & Advisors

The Astrovault team; @EthanWood, @BEngEE, FSoares, @CrypticPixxie, and myself.
Advisors include but are not limited to @CryptoChem0000, @jxr50, @MrFreeman, and Christos Makridis

Tokenomics & Distribution

For what’s applicable, these funds would earn AXV, which will then be owned by the community pool.

Use of Funds

This is not a grant. We’re not using the funds. More liquidity in this pool enables more liquidity to purchase native ARCH.

Alignment with Archway Values

Archway wants to create sustainable Web3. Astrovault is the most sustainable AMM model ever built.

Exit Strategy

If/when liquidity is to be pulled, it may be withdrawn as xARCH or ARCH, but if as xARCH could potentially require a 21-24 day unbonding period. the 1% soft-lockup fee can be bypassed.

Feedback Mechanism

We will regularly update the LC on Astrovault’s progress, changes, partnerships, and strategy.

6 Likes
3

Project Viability

Request ARCH funds to mint xARCH to supply liquidity to the xARCH-sARCH hybrid pool on Astrovault.io.

Security & Compliance

You guys deploy the funds to the proper contracts. This isn’t a grant. While the contracts have not yet been audited, they have been sanity checked by Phi Labs. Audits are expensive.

Community Engagement

Astrovault has consistently been active and engaged in the community, twitter, telegram, etc. Liquid Finance has also consistently been active and engaged.

Past Performance & Achievements

Astrovault has over $1M in liquidity on Archway, over $24k in Protocol Earned Liquidity, and nearly 3,000 active users to this point. Liquid Finance is the most used general purpose liquid staking derivative on Archway.

Team & Advisors

The Astrovault team; @EthanWood, @BEngEE, FSoares, @CrypticPixxie, and myself.
Advisors include but are not limited to @CryptoChem0000, @jxr50, @MrFreeman, and Christos Makridis

The Liquid Finance team, Lydia Labs, is also publicly documented. I don’t speak for them.

Tokenomics & Distribution

For what’s applicable, these funds would earn AXV, which will then be owned by the community pool.

Use of Funds

This is not a grant. We’re not using the funds. More liquidity in this pool enables more liquidity to utilize sARCH throughout the ecosystem.

Alignment with Archway Values

Archway wants to create sustainable Web3. Astrovault is the most sustainable AMM model ever built. Liquid Finance shows Archway’s values by not launching their own governance token and trying to sustain on ARCH rewards.

Exit Strategy

If/when liquidity is to be pulled, it will forcibly be withdrawn however most balances the pool, as any mix of sARCH and xARCH. Funds could potentially require a 21-24 day unbonding period. The 1% soft-lockup fee can be bypassed.

Feedback Mechanism

We will regularly update the LC on Astrovault’s progress, changes, partnerships, and strategy.

3 Likes
4

Project Viability

Request ARCH funds to mint sARCH to supply liquidity to the xARCH-sARCH hybrid pool on Astrovault.io.

Security & Compliance

You guys deploy the funds to the proper contracts. This isn’t a grant. While the contracts have not yet been audited, they have been sanity checked by Phi Labs. Audits are expensive.

Community Engagement

Astrovault has consistently been active and engaged in the community, twitter, telegram, etc. Liquid Finance has also consistently been active and engaged.

Past Performance & Achievements

Astrovault has over $1M in liquidity on Archway, over $24k in Protocol Earned Liquidity, and nearly 3,000 active users to this point. Liquid Finance is the most used general purpose liquid staking derivative on Archway.

Team & Advisors

The Astrovault team; @EthanWood, @BEngEE, FSoares, @CrypticPixxie, and myself.
Advisors include but are not limited to @CryptoChem0000, @jxr50, @MrFreeman, and Christos Makridis

The Liquid Finance team, Lydia Labs, is also publicly documented. I don’t speak for them.

Tokenomics & Distribution

For what’s applicable, these funds would earn AXV, which will then be owned by the community pool.

Use of Funds

This is not a grant. We’re not using the funds. More liquidity in this pool enables more liquidity to utilize sARCH throughout the ecosystem.

Alignment with Archway Values

Archway wants to create sustainable Web3. Astrovault is the most sustainable AMM model ever built. Liquid Finance shows Archway’s values by not launching their own governance token and trying to sustain on ARCH rewards.

Exit Strategy

If/when liquidity is to be pulled, it will forcibly be withdrawn however most balances the pool, as any mix of sARCH and xARCH. Funds could potentially require a 21-24 day unbonding period. The 1% soft-lockup fee can be bypassed.

Feedback Mechanism

We will regularly update the LC on Astrovault’s progress, changes, partnerships, and strategy.

4 Likes
6

Project Viability

Request ARCH funds to routinely assist in balancing the ARCH-xARCH stable pool on Astrovault.io.

Security & Compliance

You guys deploy the funds to trade and unmint in the proper contracts. This isn’t a grant. While the contracts have not yet been audited, they have been sanity checked by Phi Labs. Audits are expensive.

Community Engagement

Astrovault has consistently been active and engaged in the community, twitter, telegram, etc.

Past Performance & Achievements

We have over $1M in liquidity on Archway, over $24k in Protocol Earned Liquidity, and nearly 3,000 active users to this point.

Team & Advisors

The Astrovault team; @EthanWood, @BEngEE, FSoares, @CrypticPixxie, and myself.
Advisors include but are not limited to @CryptoChem0000, @jxr50, @MrFreeman, and Christos Makridis

Tokenomics & Distribution

For what’s applicable, these funds would earn GRVT8, which is redeemable for AXV, which will then be owned by the community pool.

Use of Funds

This is not a grant. We’re not using the funds. Maintaining balance in this pool enables consistent ability for people to purchase native ARCH.

Alignment with Archway Values

Archway wants to create sustainable Web3. Astrovault is the most sustainable AMM model ever built. ARCH as the gas token is required for use of the ecosystem. Balancing this pool makes that more accessible.

Exit Strategy

This doesn’t really need an exit strategy, other than at times funds will be in ‘unbonding periods’ of 21-24 days. Funds are otherwise constantly liquid, and never locked in contracts.

Feedback Mechanism

We will regularly update the LC on Astrovault’s progress, changes, partnerships, and strategy.

4 Likes
7

We are requesting 250,000 ARCH to be supplied as liquidity to the Liquid Finance stake pool on liquidfinance.xyz.

Project Viability

Liquid Finance is a non-custodial liquid staking protocol focused on unlocking liquidity within the Archway ecosystem. The goal of Liquid Finance is to minimize an ARCH holder’s tradeoff between staking their ARCH tokens to secure the network while earning staking rewards, and the desire to remain liquid to participate in the broader Archway application layer.

Liquid staking is a vital building block for DeFi ecosystems and typically rank towards the top in terms of TVL. It is becoming increasingly popular throughout the Cosmos ecosystem as well, with the Liquid Staking Module being a trending topic of discussion lately for the Cosmos Hub.

Within DeFi, liquid staking tokens are commonly used as collateral for leverage protocols such as CDP stablecoins as well as within money markets. As these type of products begin to launch on Archway, Liquid Finance plans to collaborate/support/incentivize their community and the broader Archway ecosystem.

Security & Compliance

Similar to what Eric said above, since this is not a grant it would be up to the Liquidity Council to deploy and custody the capital.

Liquid Finance smart contracts are deployed natively on the Archway blockchain, reducing security assumptions and further aligning the protocol with the Archway community. Contributors plan to have a 3rd party audit from a reputable firm at some point in the future when financials allow for it.

In the meantime, it has been requested that the Phi Labs team review our smart contract code, which has been rigorously tested internally.

Community Engagement

Liquid Finance has been active on Twitter and has been one of the first teams to help promote Archway for close to one full year now: https://x.com/liquid_finance?s=20

Our long term plans are to start accumulating a portion of the rewards the product generates to put towards community events and giveaways to get the community more involved with our protocol.

We also plan to collaborate with current and future protocols within the Archway ecosystem and are currently participating in the BonusBlock incentivized missions (https://archway.bonusblock.io/explore).

Past Performance & Achievements

Liquid Finance currently has ~350k ARCH TVL and has generated 3k+ ARCH rewards from the Archway Value Capture Engine.

We’re currently working on building out a statistics page for tracking these things in the future.

Team & Advisors

Lydia Labs is the core contributor to Liquid Finance. Lydia Labs has successfully launched multiple crypto products previously (Balanced, Omm, Craft, HiYield).

Tokenomics & Distribution

Liquid Finance has no current plans for a token. See our documentation for our current fee structure.

With the acceptance of the two submitted liquidity requests from Liquid Finance, we aim to adjust our fees + incentives to the following:

10% staking rewards commission

  • 7.5% to the Instant Unstaking Queue liquidity providers
  • 2.5% to Core Contributors

1% Instant Unstaking Fee

  • 0.5% to Liquidity Provider
  • 0.5% to Core Contributors

Archway protocol rewards

  • Archway Inflation
    * 100% saved for community events, giveaways and external protocol incentivization
  • Gas Rebates
    * 100% saved for community events, giveaways and external protocol incentivization

Use of Funds

Our request is for the maximum 250,000 ARCH.

Since the Liquidity Council would be custodians of the funds, the LC would simply “stake” the 250,000 ARCH on our platform for sARCH and then hold the sARCH without need for any other action. Our team would be more than happy to assist with the process or to be available for any questions.

This liquidity will allow the protocol to generate more rewards, which will then be distributed to liquidity providers on the platform allowing the protocol to be more sustainable. This would also allow us to focus our Archway Value Capture Engine incentives towards growth.

While the sARCH is being held, the Liquidity Council will be earning close to the native Archway staking rate which allows the dApp Treasury to not only support the broader ecosystem but also increase it’s value by doing so.

Alignment with Archway Values

Liquid Finance redistributes the majority of its commission and rewards back to platform liquidity providers and to the broader Archway community and dApp ecosystem.

All incentives are distributed as native ARCH tokens, allowing for the protocol to only be as sustainable as the rewards it generates rather than relying on an arbitrary token’s value to incentivize the protocol.

Exit Strategy

If/when liquidity is to be pulled, it may be withdrawn using our “traditional unstaking” option, which would require a maximum of 21-24 days for unbonding. It could also be routed through Astrovault and exited through one of the options mentioned by Eric above.

Feedback Mechanism

We will regularly update the LC on Liquid Finance’s progress, changes, partnerships, and strategy.

1 Like
8

We are requesting 250,000 ARCH to be provided as liquidity to the Liquid Finance Instant Unstaking Queue on liquidfinance.xyz.

Project Viability

Liquid Finance is a non-custodial liquid staking protocol focused on unlocking liquidity within the Archway ecosystem. The goal of Liquid Finance is to minimize an ARCH holder’s tradeoff between staking their ARCH tokens to secure the network while earning staking rewards, and the desire to remain liquid to participate in the broader Archway application layer.

Liquid staking is a vital building block for DeFi ecosystems and typically rank towards the top in terms of TVL. It is becoming increasingly popular throughout the Cosmos ecosystem as well, with the Liquid Staking Module being a trending topic of discussion lately for the Cosmos Hub.

Within DeFi, liquid staking tokens are commonly used as collateral for leverage protocols such as CDP stablecoins as well as within money markets. As these type of products begin to launch on Archway, Liquid Finance plans to collaborate/support/incentivize their community and the broader Archway ecosystem.

Security & Compliance

Similar to what Eric said above, since this is not a grant it would be up to the Liquidity Council to deploy and custody the capital.

Liquid Finance smart contracts are deployed natively on the Archway blockchain, reducing security assumptions and further aligning the protocol with the Archway community. Contributors plan to have a 3rd party audit from a reputable firm at some point in the future when financials allow for it.

In the meantime, it has been requested that the Phi Labs team review our smart contract code, which has been rigorously tested internally.

Community Engagement

Liquid Finance has been active on Twitter and has been one of the first teams to help promote Archway for close to one full year now: https://x.com/liquid_finance?s=20

Our long term plans are to start accumulating a portion of the rewards the product generates to put towards community events and giveaways to get the community more involved with our protocol.

We also plan to collaborate with current and future protocols within the Archway ecosystem and are currently participating in the BonusBlock incentivized missions (https://archway.bonusblock.io/explore).

Past Performance & Achievements

Liquid Finance currently has ~350k ARCH TVL and has generated 3k+ ARCH rewards from the Archway Value Capture Engine.

We’re currently working on building out a statistics page for tracking these things in the future.

Team & Advisors

Lydia Labs is the core contributor to Liquid Finance. Lydia Labs has successfully launched multiple crypto products previously (Balanced, Omm, Craft, HiYield).

Tokenomics & Distribution

Liquid Finance has no current plans for a token. See our documentation for our current fee structure.

With the acceptance of the two submitted liquidity requests from Liquid Finance, we aim to adjust our fees + incentives to the following:

10% staking rewards commission

  • 7.5% to the Instant Unstaking Queue liquidity providers
  • 2.5% to Core Contributors

1% Instant Unstaking Fee

  • 0.5% to Liquidity Provider
  • 0.5% to Core Contributors

Archway protocol rewards

  • Archway Inflation
    * 100% saved for community events, giveaways and external protocol incentivization
  • Gas Rebates
    * 100% saved for community events, giveaways and external protocol incentivization

Use of Funds

Our request is for the maximum 250,000 ARCH.

Since the Liquidity Council would be custodians of the funds, the LC would provide the 250,000 ARCH
as liquidity to the Instant Unstaking Queue on our platform. We plan to introduce a “passive liquidity management” option that will allow for a one-time deposit of liquidity by the LC that will then have rewards compounded and re-provided by the platform without any manual intervention. Our team would be more than happy to assist with the process or to be available for any questions.

This liquidity will allow the protocol to have stickier liquidity within the Instant Unstaking Queue, which will allow for our “Instant Unstake” option to function properly. This would also allow us to focus our Archway Value Capture Engine incentives towards growth.

While the ARCH liquidity is being provided, the Liquidity Council will be earning ARCH rewards from waiting in the Queue, as well as a % of the swap fee if an “Instant Unstake” were to be initiated, all without suffering any impermanent loss. This allows the dApp Treasury to not only support the broader ecosystem but also increase it’s value by doing so.

Alignment with Archway Values

Liquid Finance redistributes the majority of its commission and rewards back to platform liquidity providers and to the broader Archway community and dApp ecosystem.

All incentives are distributed as native ARCH tokens, allowing for the protocol to only be as sustainable as the rewards it generates rather than relying on an arbitrary token’s value to incentivize the protocol.

Exit Strategy

If/when liquidity is to be pulled, a request to withdraw can be initiated within the platform. Whatever ARCH liquidity is currently available from the Queue could be withdrawn immediately, while anything being unbonded would need to be claimed at a later date.

Feedback Mechanism

We will regularly update the LC on Liquid Finance’s progress, changes, partnerships, and strategy.

1 Like
9

We are requesting 250,000 ARCH to be deposited in the ERIS Archway Amplifier

https://www.erisprotocol.com/archway/amplifier

Project Viability

Request ARCH funds to mint ampARCH.

Security & Compliance

This isn’t a grant and funds are being deployed to liquid staking contracts. Contracts have been audited and before the capital is deployed contract admin can be moved to a community-owned multi-sig.

Community Engagement

We are actively following Archway development and try helping Archway to build up collaborations accross cosmos. We are happy to help integrating ampARCH in our partner network.

Past Performance & Achievements

ERIS is the second largest liquid staking provider in Cosmos with a total TVL of over 3 M$ and multiple audits from multiple auditing firms.

Team & Advisors

We are a team of 4 people, me being the public facing person. While we are not publicly doxxed, happy to do a KYC/KYB with Phi Labs.

Tokenomics & Distribution

Tokens deployed will participate in our $ERIS airdrop described here: ERIS 1.0: Claimdrop. TLDR: Hold amp[TOKEN] and start earning… | by Eris Protocol | Aug, 2023 | Medium

Use of Funds

This is not a grant. We’re not using the funds. More liquidity in this pool enables more liquidity to utilize ampARCH throughout the ecosystem. This will also make Amp Governance more interesting for validators to participate.

Alignment with Archway Values

We believe in sustainable growth and not overinflated growth by a farming token. We also believe that the users are a central point, so the full power of delegations and governance stays with depositors into our protocol.

Exit Strategy

Liquidity can be started to withdraw any time. Unbonding takes 21-24 days.

Feedback Mechanism

We are in regular contact with Archway developers on our integration progress.

1 Like
10

We are requesting 250,000 ARCH to be provided as liquidity to xARCH-ampARCH pool on Astrovault

Project Viability

The minted ampARCH of the last request (Liquidity Council Submissions - #9 by 0xPhilipp) are to be matched with xARCH on Astrovault. Generally to getting ampARCH listed on our partner networks, around $ 300k liquidity is required. Sometimes it also needs to be deployed on other chains.

The council should evaluate deploying $ 300000 - 500000 liquidity to the xARCH-ampARCH pool. This will allow us to start getting ampARCH listed on diverse lending and money market platforms. And we would also be inclined to launch our arb vaults on Archway to stabilize ALL native liquid staking protocols on Archway.

Security & Compliance

This isn’t a grant and funds are being deployed to the pool similar to Liquidity Council Submissions - #4 by Eric

Community Engagement

Same as our other request, Astrovault doesn’t need an introduction.

Past Performance & Achievements

Same as our other request, Astrovault doesn’t need an introduction.

Team & Advisors

Same as our other request.

Tokenomics & Distribution

Tokens deployed will participate in our $ERIS airdrop described here: ERIS 1.0: Claimdrop. TLDR: Hold amp[TOKEN] and start earning… | by Eris Protocol | Aug, 2023 | Medium

Use of Funds

This is not a grant. We’re not using the funds. More liquidity in this pool enables more liquidity to utilize ampARCH throughout the ecosystem.

Alignment with Archway Values

Same as our other request.

Exit Strategy

Liquidity can be started to withdraw any time. Unbonding takes 21-24 days.

Feedback Mechanism

We are in regular contact with Archway developers on our integration progress.

1 Like
11

Dear Eric , the Liquidity Council has evaluated your request to deploy ARCH funds to supply liquidity to the ARCH-xARCH stable pool on Astrovault.io. Your application has obtained a high score and has been approved by the Council. We will deploy the funds within 24 hours of this communication.

The funds will be deployed for a renewable 6-month period unless earlier withdrawn due to on-chain decisions or for liquidity reasons as determined by the Council and informed to project recipients.

2 Likes
12

Dear Eric , the Liquidity Council has evaluated your request to deploy ARCH funds to supply liquidity to the xARCH-sARCH hybrid pool on Astrovault.io. Your application has obtained a high score and has been approved by the Council. We will deploy the funds within 24 hours of this communication.

The funds will be deployed for a renewable 6-month period unless earlier withdrawn due to on-chain decisions or for liquidity reasons as determined by the Council and informed to project recipients.

2 Likes
13

Dear Eric , the Liquidity Council has evaluated your request to mint sARCH to supply liquidity to the xARCH-sARCH hybrid pool on Astrovault.io. Your application has obtained a high score and has been approved by the Council. We will deploy the funds within 24 hours of this communication.

The funds will be deployed for a renewable 6-month period unless earlier withdrawn due to on-chain decisions or for liquidity reasons as determined by the Council and informed to project recipients.

2 Likes
14

This submission is now going into execution on-chain, see transaction details:

Buy xARCH and unmint

  1. Purchasing 250k xARCH with ARCH
  2. Unminting 249.7k xARCH
[
    {
        "wasm": {
          "execute": {
            "contract_addr": "archway1vq9jza8kuz80f7ypyvm3pttvpcwlsa5fvum9hxhew5u95mffknxsjy297r",
            "msg": {"swap":{"swap_to_asset_index":1}},
            "funds": [ {
              "denom": "aarch",
              "amount": "250000000000000000000000"
            }]
          }
        }
      },
      {
        "wasm": {
          "execute": {
            "contract_addr": "archway1cutfh7m87cyq5qgqqw49f289qha7vhsg6wtr6rl5fvm28ulnl9ssg0vk0n",
            "msg": {"send":{"contract":"archway15907pq6kzpqvrgxsp2l695l9t2aepdtyu9nr0xezlj4ntwtfz7gs2gdx69","amount":"249700000000000000000000","msg":"eyJ3aXRoZHJhd2FsIjp7fX0="}},
            "funds": []
          }
        }
      }
]
2 Likes
16

Project Viability

This submission seeks to establish a liquidity match between the following token pair:

Our aim is to enhance cross-chain interoperability, liquidity and user-experience, thereby contributing to the broader adoption of the Archway ecosystem.

This initiative will be the first instance of utilizing the IBC integration between ICON and Archway. This is a major milestone as it represents the first live interoperability between ICON and the Cosmos ecosystem.

This initiative will enhance visibility and usability for both Astrovault/Archway and Balanced/ICON, drawing more users and developers across both ecosystems. Additionally, as liquidity is seeded across both Astrovault and Balanced, it will create increased trading and arbitrage opportunities, which should generate activity and transactions across both networks.

The Archway (Liquidity Council) will deploy to Astrovault:

  • $50k worth of bnUSD on Archway network
  • $50k worth of sARCH on Archway network

Balanced will seed to Balanced DEX:

  • $50k worth of bnUSD on ICON network
  • $50k worth of sARCH on ICON network

In total, the following will be seeded across each network:

- $100k of value into sARCH/bnUSD pool on Astrovault
- $100k of value into sARCH/bnUSD pool on Balanced

We propose the Liquidity Council and Balanced to swap $50k worth of sARCH and bnUSD, then deploy an equivalent matching amount of the native asset in order to seed bnUSD / sARCH pools on each network.

Security & Compliance

The xCall cross-chain integration and smart contracts that have been deployed on Archway are being completed by Informal Systems, and expected to complete on December 8, 2023.

Balanced smart contracts have received multiple audits and maintain an ongoing bug bounty program. More information can be found here: https://docs.balanced.network/security

Community Engagement

Liquid Finance and Astrovault have been active across the community since well before mainnet launch.

The ICON and Balanced communities have been actively promoting the IBC integration between ICON and Archway.

We also plan to collaborate on continued joint marketing efforts in order to drive awareness of the integration and the trading opportunities enabled by the available sARCH/bnUSD liquidity.

Past Performance & Achievements

  • Balanced has ~$12M in TVL.
  • Liquid Finance currently has ~1M ARCH in TVL.

Team & Advisors

  • Lydia Labs is the core contributor to Liquid Finance. Lydia Labs has successfully launched multiple crypto products previously on multiple blockchains. (Balanced, Omm, Craft, HiYield).
  • The ICON network, is an L1 blockchain that has been around since 2017. The ICON Network and its native $ICX token are currently valued at a $251,826,567 market cap.

Tokenomics & Distribution

Seeded liquidity will earn its share of fees in the form of sARCH and bnUSD on the respective DEXes.

  • The sARCH liquid staking token of the Liquid Finance platform is detailed here.
  • The bnUSD stablecoin, issued by Balanced, is detailed here.

Use of Funds

The Liquidity Council would be custodians of the funds, and therefore would custody the LP tokens for each of the Astrovault and Balanced pools.

Our team would be more than happy to assist with the process or to be available for any questions related to transfer of tokens between chains and depositing / withdrawing from pools.

Alignment with Archway Values

Archway has built its protocol to allow dapps to directly capture the value they create through their usage. Recognizing Balanced and Astrovault as true value creators in the ecosystem, the aforementioned sARCH/bnUSD liquidity provision is designed to drive usage and empower these leading ecosystem dapps.

Exit Strategy

If/when liquidity is to be pulled, a request to withdraw can be initiated within the platform.

Whatever sARCH/bnUSD liquidity is available within Astrovault and Balanced can be withdrawn by its liquidity providers at any moment in time

Feedback Mechanism

We will regularly update the LC on Balanced’ progress, changes, partnerships, and strategy.

3 Likes
17

Project Viability

This submission seeks to establish a liquidity match between the following token pair:

Our aim is to enhance cross-chain interoperability, liquidity and user-experience, thereby contributing to the broader adoption of the Archway ecosystem.

This initiative will be the first instance of utilizing the IBC integration between Shade and Archway. This is a major milestone as it will allow users to utilize the privacy features of Shade Protocol by wrapping their ARCH, creating a SNIP-24 version of the token (sARCH in this context represents the secret wrapped version of ARCH and not the liquid staked derivative created by Liquid Finance).

This initiative will enhance visibility and usability for both Astrovault/Archway and Shade, drawing more users and developers across both ecosystems. Additionally, as liquidity is seeded across both Astrovault and Shade, it will create increased trading and arbitrage opportunities, which should generate activity and transactions across both networks.

The Archway (Liquidity Council) will deploy to Astrovault:

  • $25k worth of SHD on Archway network
  • $25k worth of ARCH on Archway network

Shade will seed to Shade DEX:

  • $25k worth of Shade on Shade network
  • $25k worth of ARCH on Shade network

In total, the following will be seeded across each network:

  • $50k of value into ARCH/SHD pool on Astrovault
  • $50k of value into ARCH/SHD pool on Shade Protocol

We propose the Liquidity Council and Shade to swap $25k worth of ARCH and SHD, then deploy an equivalent matching amount of the native asset in order to seed SHD / ARCH pools on each network.

Community Engagement

Astrovault have been active across the community since well before mainnet launch.

The Shade communities have been actively looking to expand their offerings to more IBC chains and also offer a unique privacy aspect that is not available on Archway.

Both Archway and Shade also plan to collaborate on continued joint marketing efforts in order to drive awareness of the integration and the trading opportunities enabled by the available ARCH/SHD liquidity.

Past Performance & Achievements

Team & Advisors

  • Secure Secrets is the core contributor to Shade Protocol. Secure Secrets has successfully launched multiple crypto products on the Secret Network including a money market, bonds, swap and SILK (over-collateralized stable pegged to a basket of currencies)
  • The Shade Protocol is an L1 blockchain and its native $SHD token is currently valued at a ~$30M fully diluted market cap.

Tokenomics & Distribution

Seeded liquidity will earn its share of fees in the form of ARCH and SHD on the respective DEXes.

  • The ARCH token is detailed here.
  • The SHD is detailed here.

Use of Funds

The Liquidity Council would be custodians of the funds, and therefore would custody the LP tokens for the Astrovault pool, while the Shade team will custodian the LP for the funds on the Shade network.

The Liquidity council and core team members from Archway will assist with the process or to be available for any questions related to transfer of tokens between chains and depositing / withdrawing from pools.

Alignment with Archway Values

Archway has built its protocol to allow dapps to directly capture the value they create through their usage. However, in order to help facilitate usage of the applications the protocol must have sufficient liquidity pairs and yield opportunities to attract users and further liquidity. All parties involved in this agreement believe this liquidity swap will help each protocol achieve their ultimate goal of providing the necessary building blocks for an application to be successful and attract users and on-chain activity.

Exit Strategy

When exiting the LP and splitting these funds all SHD tokens will be returned to Shade protocol and all ARCH tokens will be returned to Archway.

SHD only owns the SHD portion of the LP tokens, Arch only owns the ARCH portion of the tokens. In the event of winding down the LP token, a msg must be sent to representative who is running the wallet that is managing address [Y] to begin a formal request to withdraw the owned portion of the LP token. A mutual tweet from both parties will be planned & coordinated on both sides to announce the winding down - this must be framed as a mutual agreement between both DAOs

Feedback Mechanism

Teams will regularly update the LC on Shade progress, changes, partnerships, and strategy.

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Just noting for documentation that this is an expansion of the initial intent and purpose of the Liquidity Council, which was to boost easy/safe liquidity, and not set positions up with the risk of impermanent loss.

While a change in the intent of the Liquidity Council was not clearly enumerated in writing, it was actively discussed in multiple governance discussions (namely leading up to the passing of Prop 32) to overwhelming support.

I’m not a member of the Liquidity Council, and also have the obvious bias of wanting liquidity added to Astrovault. I support this proposal, and the intent it signals of a willingness for the Liquidity Council to accept higher-risk positions to further strategically grow ARCH liquidity.

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19

Looking at this as an accessibility, liquidity and partnership move, I support this proposal.

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Project Viability

Request ARCH funds to supply incentives to the G-USDC, G-USDT, and Noble USDC stable 3pool on Astrovault.io.

Security & Compliance

ARCH team deploys the funds to the proper contracts. This isn’t a grant. While the contracts have not yet been audited, they have been sanity checked by Phi Labs. Audits are expensive.

Community Engagement

Supporting this three pool will pull in new users from the Cosmos and Ethereum ecosystem. Over it’s more than two year history, many team and community members have been engaged, supporting the bridging and Cosmos ecosystem, as well as a number of cross-chain initiatives, including ICA and ICS721.

Past Performance & Achievements

Gravity Bridge has 39,334 total accounts, is the 9th largest bridge by tvl, and supports multiple blockchains, including Canto. (https://defillama.com/protocols/Bridge)

Gravity has bridged over $1.3B and is permissionless and decentralized. It is operated sustainably with an open free market of relayers.

Team & Advisors

Gravity Bridge is supported by many community members and teams. Notably, the Althea Team (Deborah Simpier and Justin Kilpatrick), the Blockscape Team, and Chandra Station support the maintenance and upgrades to the core development and UI/UX.

Tokenomics & Distribution

The liquidity incentives, both AXV and ARCH will be earned by the participants in the pool.

Use of Funds

This is not a grant - this request incentives liquidity in the Astrovault stable 3 pool. More liquidity in this pool enables Archway to become an open and neutral market for stable swapping across multiple bridge platforms. This will bring volume and tvl to Archway blockchain.

Alignment with Archway Values

Archway wants to create sustainable Web3. Enabling stable coins to interoperate in a neutral and open manner, creates an agnostic platform to empower end users to leverage any blockchain ecosystem easily. Abstracting away the complexities of multiple denoms and bridging interfaces.

Exit Strategy

The request is for a spend of liquidity incentives and could be discontinued at any time if the pool is not getting the desired traction.

Feedback Mechanism

We will regularly update the LC on the 3 pool’s progress, tvl changes, and volume.

3 Likes
21

Just signaling that I very much support this! But also that on the Astrovault side, things like this can be fully controlled through the LC without necessitating extra trust in Astrovault.

We can whitelist the LC multisig to be able to give incentives to individual pools with customizable timelines. I think this would be a perfect and most logical first use case!

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22

I’d like to signal my FULL SUPPORT for the proposal to allocate ARCH funds for liquidity incentives in the G-USDC, G-USDT, and Noble USDC stable 3pool on Astrovault.

In my opinion, this initiative would help significantly enhance the Archway ecosystem by attracting new users and liquidity from primarily the Cosmos and Ethereum ecosystems, leveraging Gravity Bridge’s best in-class performance, and strong network of power users.

The proposal’s focus on incentivizing liquidity promotes Archway as an attractive open market for stablecoin transactions, driving volume, and increasing TVL, which are essential for ecosystem growth and sustainability.

I see this request as a strategic investment in the growth of Archway, Astrovault and future dapps who intend to launch on this platform.

1 Like