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.