anvl

Anvl protocol completes a $5 million governance token purchase, led by Founders Fund, with participation from institutions like Pantera Capital.The funds come from Anvil's existing treasury, not from newly issued tokens.

ChainCatcher news, the AMP Foundation (AF) has announced the launch of the initial phase of the Anvil protocol mainnet and the introduction of the governance token ANVL for the protocol. The Anvil protocol aims to become a scalable collateral primitive in the DeFi space, with the ANVL token governing all core matters including protocol upgrades, asset backing, and external contract approvals.AF stated that to support the Anvil mainnet launch, ANVL tokens will be airdropped for free to addresses providing AMP collateral on the Capacity platform. The snapshot will be taken at Ethereum block height 20,000,000, expected around June 1, 2024, UTC. At that time, users' ANVL holdings will correspond 1:1 with their staked AMP holdings.It is reported that the ANVL obtained from the airdrop will follow a linear release plan over 48 months, starting 12 months after the snapshot date, for a total of 60 months. Users must complete an action on the anvil.xyz/claim website or interact with the ANVL claiming contract on Etherscan within 12 months after the snapshot to prove the validity of their address, or they risk having their ANVL allocation confiscated.