Anvil Protocol launches the initial phase of the mainnet launch and announces the governance token ANVL and its airdrop plan

02/05 08:42

According to official news, the AMP Foundation (AF) announced the launch of the initial phase of the Anvil Protocol mainnet launch, and the third (and expected final) comprehensive audit is underway to review additional features incorporated based on feedback from partner testnets. The Anvil contract will deploy configurable parameters, allowing adjustments to be made as market data evolves to ensure protocol security. Its governance token ANVL will manage all protocol updates and operations, as well as asset support and external contract approval. Based on a proven DeFi project, ANVL will be an ERC-20 token extended with OpenZeppelin ERC20Votes. 100,000,000,000 ANVL will be minted at Genesis. In addition, the team will airdrop ANVL for free to addresses that provide AMP collateral on the Capacity platform. The snapshot will be taken at Ethereum block height 20,000,000, and is expected to occur around June 1, 2024 UTC. The snapshot will capture the total pooled AMP balance for each account, including any rewards earned. At that time, the user's ANVL holdings will correspond 1:1 to this holding. After the ANVL snapshot, all addresses must prove that they were active within 12 months of the snapshot. ANVL will be deployed to the mainnet shortly after the snapshot is successful. ANVL obtained from the airdrop will follow a 48-month linear release schedule, starting 12 months after the snapshot date and lasting 60 months. Users must prove the validity of the address within 12 months after the snapshot by completing an action on the anvil.xyz/claim website or interacting with the ANVL claim contract on Etherscan, otherwise they will face the risk of having their ANVL quota confiscated.

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Anvil Protocol launches the initial phase of the mainnet launch and announces the governance token ANVL and its airdrop plan

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