Introducing the Anvil Protocol and ANVL

Acronym
4 min readMay 1, 2024

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TLDR critical steps to claim free ANVL

1. Provide AMP capacity here by the snapshot time

2. Go here to prove your address is active within 12 months after the snapshot

The Anvil protocol

The AF is excited to announce the commencement of the initial phase of the Anvil mainnet launch! A third (and expected final) comprehensive audit is in progress, reviewing additional functionality that was incorporated based on partner testnet feedback. Prior to finalizing the Anvil smart contracts, we have released preliminary protocol information and the technical whitepaper. Further website updates, the dApp interface, and developer documentation will be shared on an ongoing basis.

Anvil has been designed as an extensible collateral primitive for DeFi. As such, the protocol will incorporate decentralized governance through the ANVL token, with ownership in the hands of the community. Below you will find the specifics for the initial claim and distribution of ANVL tokens to enable Anvil mainnet launch.

The ANVL governance token

The Anvil contracts will be deployed with configurable parameters, allowing adjustments as market data evolves to ensure protocol safety. ANVL will govern all protocol updates and operations, in addition to asset support and external contract approvals. Based on proven DeFi projects, ANVL will be an ERC-20 token utilizing the OpenZeppelin ERC20Votes extension.

Token Name: ANVL

Token Supply: 100,000,000,000 ANVL minted at genesis

Contract Address: To be determined (The address will be published and verified on Etherscan once available.)

The contract address will be announced across all official Anvil social channels and included in the Anvil documentation. Additionally, audits of the ANVL token contract will be made publicly accessible to ensure transparency and security.

Claim free ANVL tokens to aid in your collateral management quest.

Snapshot logistics

All ANVL tokens are available for free claim by addresses supplying AMP collateral on Capacity. A one-time snapshot will be taken at Ethereum block height 20,000,000, which is projected to occur around 2024–06–01 UTC. To be eligible for the claim, your address must have AMP pooled during the snapshot; addresses not meeting this criterion will not qualify for the claim, regardless of past or future activity. The snapshot will capture the total pooled AMP balance of each account, including any earned incentives. You will then be granted an equal amount of ANVL based on your pooled AMP balance at a 1:1 ratio. For complete transparency, the snapshot distribution mapping will be subsequently posted on Github. Should any ANVL tokens remain unallocated after this process, they will be allocated for protocol, team, and community incentives.

Following the ANVL snapshot, all addresses must prove that they are active within 12 months after the snapshot. This is required to initialize vote delegation from the ANVL claim contract, and also ensure that tokens are distributed to active/valid addresses. The proof transaction can be initiated at anvil.xyz/claim which will be available after the ANVL snapshot. Instructions for manually proving using the ANVL claim contract on Etherscan will also be provided. Note: tokens granted to addresses which fail to provide a proof transaction within 12 months will be subject to forfeit. However, once the proof has been submitted, vested tokens can be claimed indefinitely without restriction.

Voting, vesting, and claiming

Shortly following the successful snapshot, ANVL will be deployed to mainnet. From the snapshot date, all ANVL claimants will gain the ability to use their tokens for voting, provided they have completed the single proof transaction mentioned above. All ANVL tokens that are eligible for claim will be subject to a 48-month linear vesting schedule, commencing 12 months after the snapshot date (60 months total).

ANVL vesting schedule

Vested ANVL can be claimed at any time thereafter, with the vesting amounts being updated with each Ethereum block. After the snapshot date, instructions regarding the claim process and how to immediately participate in voting will be provided. The claim contract itself has been audited and the results will be publicly available.

Security Warning: The AF will not offer ANVL tokens for sale. Please beware of fraudsters who may try to convince you to interact with any alternative Anvil tokens or claims. Be vigilant and always ensure that you are only interacting with the official contracts. Verify all addresses on Etherscan, X, Discord, and/or Anvil.xyz before transacting.

🙏 Thanks to the entire community for your continued support, and please follow Anvil for future protocol updates.

-AF

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