AngelBlock X Amplifi | Amplifi is Coming to AngelBlock

03 Dec 2024 · 15 min read

What is Amplifi?

What problem do they solve?

$AIFI Utility & Tokenomics

AngelBlock X Amplifi Milestones

How to Participate In The Raise?

We are excited to announce that Amplifi’s raise will start on our protocol on December 9. Amplifi is an AI-powered Bitcoin abstraction layer. It uses AI to remove all DeFi technical barriers through account, chain, token & gas abstraction infrastructure, paving the way for the mass adoption of DeFi products.

In the article below we will get into all the details and info about Amplifi and how you can participate in the upcoming raise.

What is Amplifi & How Does It Work?
What problem do they solve?
Amplifi Highlights
$AIFI Utility & Tokenomics
Key Features
AngelBlock X Amplifi Raise
AngelBlock X Amplifi Milestones
How to Participate In The Raise?

What is Amplifi & How Does It Work?

Amplifi is simplifying decentralized finance (DeFi) with AI-powered strategies designed for Bitcoin. Amplifi makes growing your BTC effortless with simple, 1-click vaults that eliminate gas fees, swaps, and bridging assets.

Under the hood, Amplifi’s AI engine allocates your BTC across various liquidity pools, adjusting strategies in real time based on market conditions. The platform’s risk management engine constantly checks on-chain data to protect your assets. This helps reduce yield decay and keep your returns stable.

Amplifi also integrates account abstraction, enabling gasless transactions and social logins (Gmail, Facebook, etc.) to streamline onboarding and account access. The ultimate goal is to remove all technical barriers associated with low DeFi adoption, allowing users of any experience level to effortlessly tap into DeFi opportunities within the EVM and BitVM ecosystems.

What problem do they solve?

Out of the 560 million global crypto investors, fewer than 7 million actively participate in decentralized finance (DeFi), largely due to significant technical barriers. Among these 560 million users, 220 million hold Bitcoin.

Despite being the largest cryptocurrency by market capitalization, Bitcoin has seen the lowest adoption in DeFi. Historically, building on Bitcoin has been a challenge, resulting in limited participation. For context, the top 10 Layer 1 blockchains (excluding Bitcoin) have an average of 55% of their total supply staked across various protocols. In stark contrast, Bitcoin has less than 1% of its supply staked across chains and DeFi protocols. However, despite this low percentage, Bitcoin has experienced a massive increase in on-chain staked assets over the last few months. This growth highlights the rising demand and untapped potential in the BTCFi sector.

In order to be addressed it also needs to solve the problems that the booming DeFi ecosystem on EVM ecosystems have introduced.

Even though DeFi introduces many new investment vehicles, these methods are often complex. They require deep research, analysis, and constant monitoring of positions. This makes manual position management tiresome for users as they risk losing funds if they aren't paying close attention to their positions.

Here are some of the challenges faced by depositors on DeFI protocols:

Understanding/Managing Liquidity Pools (LPs). Which need to have a clear understanding of terms of things like: Impermanent Loss Inflationary Rewards Yield decay
Complexity and steep learning curve of DeFi in general.
Lack of trust in centralized (Web2) crypto platforms due to the failings of Celsius, BlockFi, FTX etc

Furthermore, DeFi liquidity is fragmented which introduces more complexities to accessing cross-chain yield farming strategies, including:

Bridging Funds: Moving assets between different blockchains requires bridging solutions, which can be complex and time-consuming.
Bridging & Gas Fees: Each transfer incurs bridging and gas fees, which can add up and reduce overall returns.
Swap Fees: Transferring assets across different blockchains and platforms often involves swaps which incur fees, further eroding profits.
Overchoice: The overwhelming number of available options can make it difficult to identify the best strategies, leading to analysis paralysis and suboptimal decision-making.

These challenges make it harder for users to effectively manage their assets and take full advantage of yield opportunities across multiple chains.

Amplifi's Solution

Amplifi removes the traditional barriers to yield farming by managing positions on behalf of users through its AI, which handles everything seamlessly. Amplifi does not take custody of users' assets at any time; users retain full control and access to their funds. Provides users with the yield options and transparency of DeFi while maintaining the simplicity of traditional platforms —offering the best of both worlds. To achieve this, Amplifi employs the following features:

Dynamic Asset Management (Optimization and Rebalancing): Amplifi’s AI/ML engine leverages proprietary institutional-grade strategies to redistribute and optimize assets. It automatically rebalances portfolios into the highest APY pools, ensuring efficient management of both Bitcoin and stablecoin-based strategies.
Cross-chain capabilities: Amplifi offers seamless cross-chain liquidity without the need for manual bridging or gas fees, thanks to Chainlink’s CCIP. This allows users to benefit from optimized cross-chain strategies, securely transferring tokens and data across different networks. CCIP ensures these processes are efficient and secure, streamlining user experience while minimizing risks.
Account abstraction: Amplifi enables seamless, gasless (sponsor-paid) transactions and simple Web2 logins (via social platforms like Facebook and Gmail), allowing users to create and manage wallets for on-chain activities easily.

Amplifi Highlights

Bootstrapped MVP
Successful Early Round: Oversubscribed pre-seed round, filled within several weeks.
Over 5k users on waitlist
Closed Beta live, early access required (stablecoins only)
Partnerships/Integrations completed or in progress include: Infrastructure: Core, BitLayer, BOB, Mode, Core, Arbitrum, Optimism, Polygon, Base DeFi: Solv, Avalon, LayerBank, Aave, Pendle, Ichi, Lendr

$AIFI Utility

Token Utility

Buyback & Redistribution: 30% of the protocol's revenue will be allocated to buying back tokens and redistributing them to long-term holders.
TVL Rewards: Ecosystem rewards will be distributed to users who contribute towards the protocol’sTVL and contribute to its long-term success.
Boosted Yield: Staking tokens will provide users with enhanced annual percentage yields (APYs) on their deposits in Amplifi vaults.
Governance: Token holders can participate in voting on strategic decisions such as new vaults, vault parameters, grants, and more.

Key Features

AI-Powered Optimisations Amplifi’s AI models dynamically optimize yield generation across multiple chains and protocols, ensuring users get the returns they see, without hidden fees or performance charges.
AI Risk Management Engine Amplifi’s AI engine continuously monitors on-chain activity and automatically mitigates risks, such as de-pegging events, by rebalancing assets to maintain stability and protect user funds.
Account Abstraction With embedded non-custodial wallets, Amplifi offers a user-friendly experience similar to centralized exchanges, while enabling users to earn yield in DeFi and retain control of their assets.
Chain Abstraction Amplifi simplifies interaction with multiple blockchains, automatically distributing assets across chains and protocols to optimize returns without requiring users to manage complex networks.
Token Abstraction Amplifi abstracts token management, enabling users to earn a yield on Bitcoin and stablecoins across DeFi protocols without dealing with the complexities of swapping, transferring, or bridging assets.

Useful links to learn more:

AngelBlock X Amplifi Raise

The price at launch for $AIFI will be $0.30. However, investors on AngelBlock will be able to access it at $0.225. (25% discount from the public round)

AngelBlock Raise Goals

Soft Cap: $25,000
Hard Cap: $50,000

Raise Details

The maximum token supply stands at 100,000,000.
The circulating supply of $AIFI at the time of launch will be 1,950,000 $AIFI excluding liquidity. (9,950,000 including liquidity)
The initial market capitalization of $AIFI is set at $585,000 (w/o liquidity)
The minimum investment to participate in the Amplifi raise is set at $150.
For investors who have not completed KYC, their maximum contribution in the raise is set at $999. You can read more about that in the KYC process we have implemented below.
Investors will be able to participate in the raise with USDT on ETH mainnet. The token claim will also be on Ethereum.
TGE is scheduled to take place in February.
The round vesting plan is: Released at TGE: 20% Linear Vesting: 4 months
Minimum Investment: $150

AngelBlock X Amplifi Milestones

Our approach to governance is a distinctive feature of AngelBlock, setting us apart from the competition, each project listed on our protocol, a set of milestones is established before the fundraising event begins. Each milestone includes clear deliverables, timelines, the proportion of the budget to be unlocked for the projects, and the amount of tokens to be released. These milestones serve as progress checkpoints and provide reassurance for investors. Upon reaching a milestone date, the startup submits a delivery report. As an investor, you then vote to approve or reject the progress based on this report. This system ensures the startup's progress and the release of funds becomes a shared responsibility between the startup and its investors. In our Milestone process, we recently introduced two new-hardcoded- milestones, Milestone 0 and Milestone 1 set as standard presets for most fundraises.

Milestone 0: This milestone involves unlocking liquidity immediately after the fundraise. This liquidity is crucial for the project to secure early liquidity necessary for processes such as CEX/DEX listings and protocol expansion. It enables the startup to progress more swiftly through subsequent milestones.

Milestone 1: This milestone is hardcoded for all fundraises and marks the Token Generation Event (TGE) — essentially, their token launch. Milestone 1 will be tied to each project's first unlock, allowing investors to claim their initial batch of tokens upon milestone approval. For example, if a project has a 3-month cliff period, then Milestone 1 will occur 3 months after their TGE . This milestone is designed to protect our investors by ensuring startups cannot delay their launch indefinitely or until they run out of funds, thereby aligning milestones with tangible project progress.

A specific framework has been implemented dictating how Milestone 0 and 1 will work on each start-up raising dependent on the total amount raised, investment round & start-up development phase.

Amplifi Milestones Milestone 0

Delivery date: Upon Successful Raise
Funds released: 50% of raise
Deliverables: Successful Raise
Details: 50% supply allocated upon successful completion of the raise

Milestone 1

Delivery date: 31st December
Funds released: 25% of raise
Deliverables: Bitcoin MVP
Details: Bitcoin MVP live to the public, allowing users to earn on their BTC

Milestone 2

Delivery date: 28 Feb 2025
Funds released: 25% of raise
Deliverables: CEX Listing for launch
Details: Launch on a well-regarded CEX for launch (MEXC/Gate.io/ByBit/OKX).

How to Participate in the raise?

Staking Tiers

At AngelBlock, we've instituted a distinctive staking tiers system designed to create a fair and rewarding environment for investors. By staking $THOL tokens, you are placed into specific tiers which each have their own level of priority access and ticket sizes to the fundraising projects. Here's a detailed look at our staking tiers:

Standard User (Tier 0): Users who've staked 0 – 20k $THOL fall into this category. Standard users can invest up to $2k, and they gain access to the fundraise after the first three tiers have had their opportunity.
Value Investor (Tier 1): Users staking 20k – 100k $THOL become Value Investors. These users have the opportunity to invest up to $10k and gain early access to fundraises after the first two tiers have participated.
Angel Investor (Tier 2): With 100k – 500k $THOL staked, investors fall into the Angel Investor tier. These investors have access to larger investment ticket sizes of up to $25k, along with the privilege of second priority access for the given fundraises.
Institutional Investor (Tier 3): Our top-tier users, staking 500k+ $THOL, are labeled as Institutional Investors. These individuals enjoy the most substantial benefits, being able to invest up to $50k and gaining first priority access to fundraises.

Note: Each tier enjoys a 2-hour window of priority to invest in the project, starting with Institutional Investors, followed by Angel Investors, Value Investors, and lastly Standard Users. The raise will be live for 7 days or until sold out.

You can learn more about our staking tiers here.

You can get THOL here:

Visit Uniswap and swap your preferred tokens for THOL
Visit MEXC and get THOL through the USDT/THOL trading pair.
Visit BitMart and get THOL through the USDT/THOL trading pair.

You can stake your THOL here. Learn more about staking here.

KYC

The KYC process Participation in MeAI raise for contributions exceeding $999 requires completion of a Know Your Customer (KYC) process. This process is designed to prevent fraud and illegal activities. The KYC process is managed by Fractal ID, an identity solution provider for the web3 space. Completing the KYC process prior to the raise can help avoid potential delays that may occur due to high demand during the raise. For more information about the KYC process and how to complete the identity verification check out our dedicated article.

Participating in the raise

After completing your KYC and acquiring the required amount of THOL for the staking tier you desire, participating in the raise is a straightforward process. You can see the process of participating in a raise on AngelBlock with ourstep-by-step guide here.

Post-Raise Governance

On AngelBlock, the role of an investor extends beyond merely contributing capital. Upon making an investment, the contributor is assigned a Badge, a unique, non-transferable ERC-1155 token. This Badge symbolizes the investor's voting power during milestone voting, thus participating in critical project decisions. Due to their non-transferable nature, these Badges ensure only the original investors can take part in milestone voting, upholding the integrity of the project's development direction. It is essential for investors to vote from the wallet that initially received the Badge. You can learn more about badges and how they work by visiting our blog here.

Reminder: Keep the wallet you plan to invest in safe at all times. If anything happens to your wallet, there is no other way to claim your tokens or vote during the milestone process.

Ready? It’s important to familiarize yourself with AngelBlock's unique features prior to the start of the raise once the date is officially announced.

As a reminder our goal is to cultivate a transparent, equitable, and investor-focused environment in digital asset fundraising. It's essential to recognize that we're not merely providing an investment platform but an opportunity to actively engage in the growth and success of innovative startups within the web3 ecosystem.ups within the web3 ecosystem.

For any further queries or support, don't hesitate to reach out to us. You can do so by joining our community:

Written by: Nikos Fratzeskos