New Milestones and Strategic Developments at Acronym Foundation
We are eager to announce significant milestones at the Acronym Foundation (AF), marking a year of exciting progress. The journey has been transformative, with pragmatic shifts that lay the groundwork for our future. In an effort to adapt and respond to the evolving crypto landscape, today we are introducing two distinct projects: Ampera and Anvil. This strategic decision stems directly from listening to community feedback, and our long-term commitment to best support the crypto ecosystem.
Ampera: A new era in payments
The Ampera project [is] a grassroots payments initiative, anchored by the AMP collateral token. AMP remains the foundational collateral for Flexa, and Ampera will continue supporting projects committed to decentralizing transaction risk. While on-chain governance for AMP will be phased out, the Ampera grant committee is set to provide ongoing financial contributions to the advancement of crypto payments worldwide. Ampera will have a broad vision, contributing to payment networks, digital currencies, infrastructure, and more. For those interested in the grant process, details are available on Discord; proposals of any size are welcome from anyone. Together, we can ignite the movement to make payments better and more accessible.
Anvil: DeFi collateral protocol
Anvil is the new collateral protocol for issuing digital letters of credit, governed by the ANVL token. The core Anvil contracts have been audited to ensure the highest standards of security and reliability. To provide a more immediate opportunity for integrations, Anvil has been deployed on a private testnet. A final audit to incorporate remaining protocol changes will be starting shortly; the results of all audits will be made publicly available prior to mainnet. Additionally, the Anvil interfaces will be open-source to enable developers and project teams across the ecosystem to use Anvil contracts most effectively.
Anvil will be deployed with community ownership from day one. All ANVL governance tokens will be made available through a free claim process (subject to vesting) to addresses that are staking AMP. A snapshot date will soon be announced, with a minimum 30-day advance notice. If all tokens are not claimed, the remaining supply will be allocated to protocol, team, and community incentives. The Foundation will not offer ANVL tokens for sale.
A follow-up blog post will provide complete details on the claim process, timing, and ANVL specifics. Anvil technical information and a protocol whitepaper will also be made available in advance of the snapshot date. Information will be shared on all official AF channels, and team members will be active on Discord to help with questions.
Onward!
To support these ambitious efforts, Will Meister will be leading Anvil development as CTO of the project. Additionally, we are excited to welcome Zach Kilgore as a Technical Lead for the Foundation, bringing a wealth of crypto experience to both projects. Stay tuned for more updates as we kick-off a variety of Ampera community initiatives and approach Anvil mainnet. Information will always be available through official channels; as always please remain vigilant and do not engage with any smart contracts or tokens without AF confirmation. If there is ever any doubt, reach out on Discord. This is an exciting time for the Acronym Foundation, and we are grateful for the continued support and engagement from our communities.
*Note, this post has been slightly edited for clarity and to reflect subsequent Foundation and protocol name changes. No material changes have otherwise been made.
