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.