Anvil Protocol Launches on Ethereum Mainnet!

Bittime -The Anvil (AF) team is excited to announce the start of the initial phase of the mainnet ! This article covers the details of the launch, including ANVL token distribution and the claiming process.

Audit and Protocol Information

Currently, the third (and hopefully final) comprehensive audit is underway. This audit reviews additional functionality that was included based on partner testing feedback.

Before finalizing the Anvil smart contract, they have released initial protocol information and a technical whitepaper. Further updates to the website, dApp interface, and developer documentation will be shared on an ongoing basis.

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Anvil: Extensible DeFi Collateral Primitive

The Anvil Protocol is designed as an extensible collateral primitive for DeFi (Decentralized Finance) ecosystem. Therefore, the protocol will use decentralized governance via the ANVL token, with ownership in the hands of the community.

ANVL Governance Token

• Token Number: 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 on all Anvil official social media channels and included in Anvil documentation. Additionally, ANVL token contract audits will be made publicly available to ensure transparency and security.

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ANVL Token Distribution via Snapshot

All ANVL tokens are available for free claim by addresses supplying AMP collateral in Capacity. The one-time snapshot will be taken at Ethereum block height 20,000,000, which is expected to occur around June 1, 2024 UTC.

ANVL Claim Requirements

• Your address must have AMP collected during snapshot capture.
• Addresses that do not meet these criteria will not be eligible for claims, regardless of past or future activity.

The snapshot will capture the total AMP balance collected from each account, including any incentives earned. You will then be awarded an equal amount of ANVL based on your collected AMP balance in a 1:1 ratio. For complete transparency, snapshot distribution mapping will subsequently be posted on Github. If there are unallocated ANVL tokens after this process, they will be allocated to protocol, team, and community incentives.

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Proof of Wallet Activation for ANVL Claims

After an ANVL snapshot, all addresses must prove that they are active within 12 months of the snapshot. This is necessary to initialize the vote delegation of the ANVL claim contract, and also ensure that tokens are distributed to active/valid addresses. Proof transactions can be initiated at anvil.xyz/claim which will be available after the ANVL snapshot. Instructions for manual substantiation using ANVL claim contracts in Etherscan will also be provided.

Note: Tokens assigned to addresses that fail to provide transaction proof within 12 months will be forfeited. However, once proof is submitted, vesting tokens can be claimed indefinitely.

ANVL Voting, Vesting, and Claiming

As soon as the snapshot is successful, ANVL will be applied to the primary network. As of the snapshot date, all ANVL claimants will gain the ability to use their tokens for voting, provided they have completed one of the proof transactions mentioned above.

All ANVL tokens eligible for claiming will be subject to a 48 month linear vesting schedule, starting 12 months after the snapshot date (60 months total). Vesting ANVL can be claimed at any time thereafter, with the vesting amount updated every Ethereum block. After the snapshot date, instructions regarding the claims process and how to immediately participate in voting will be provided. The claims contract itself has been audited and the results will be publicly available.

Security Warning

The Anvil Team (AF) will not offer ANVL tokens for sale. Beware of scammers who may try to convince you to interact with alternative Anvil tokens or claims. Be careful and always make sure you only interact with official contracts. Verify all addresses on Etherscan, X, Discord, and/or Anvil.xyz before transacting.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.