We have liftoff!
Anvil has fully launched — including the core contracts, on-chain protocol configuration, community token distribution, a user-friendly dApp, and robust Governance support on Discord. Since designing the protocol, the Acronym Foundation helped shepherd proposals to initialize the protocol, upgrade its functionality, and expand its collateral token list. Our commitment to security has been reinforced through extensive audits and bug bounty programs. The new dApp enables simplified interactions with core protocol features like collateral management, Letter of Credit functionality, and Governance participation. In addition, all smart contracts have now been published on Github and verified on Etherscan.
Collateral Vault: 0x5d2725fdE4d7Aa3388DA4519ac0449Cc031d675f
Letter of Credit: 0x14db9a91933aD9433E1A0dB04D08e5D9EF7c4808
ANVL token: 0x2Ca9242c1810029Efed539F1c60D68B63AD01BFc
What is Anvil?
Anvil is a DeFi collateral management protocol designed to facilitate the issuance of fully secured credit. Its core functionality includes a Vault for securely storing collateral assets, enabling the creation of Letters of Credit (LOCs) for one-to-one credit guarantees and participation in many-to-one Time-Based Collateral Pools. Currently, Anvil supports AAVE, AMP, cbBTC, cbETH, COMP, LINK, sUSDe, UNI, USDC, USDS, USDT, WETH, and wstETH tokens for usage as collateral. All token support, configuration, and contract modification come about through a fully-decentralized Governance process run by ANVL token holders.
Anvil Rewards
We are excited to announce the first iteration of Anvil Rewards to incentivize the early adoption of the protocol. A total of 100,000,000 ANVL will be distributed over the next 100 days, allocated based on the asset values attributed to each account within the protocol. Rewards will accrue for all vault balances regardless of whether the collateral is utilized as well as assets that have been staked into collateral pools. A corresponding rewards contract has been deployed where Merkle roots generated from the latest cumulative account balances will be added each week starting on 24 January 2025 through 25 April 2025 (14 weeks). The account balances and reward amounts will be made available via published Merkle data on Github.
Each Friday during this initiative, a new root will be published inclusive of that week’s rewards. ANVL tokens are then claimable the following Friday when the root vests. Each instance will contain an additional ~7,142,857.14 ANVL allocated pro rata based on the aggregate USD value of each account’s vault balance and pool contributions. The Anvil dApp will support viewing and claiming rewards balances in order to maximize accessibility.
What’s next?
Multiple organizations and projects have already begun integrating Anvil’s functionality, with current use cases spanning consumer loans, digital payments, investment platforms, centralized exchanges, digital media, sports betting, and reservation management. The Anvil team is excited to support this early adoption and is actively developing new products to streamline third-party integrations across both Web3 and TradFi. We believe these efforts will pave the way for efficient credit issuance in any application.
Although the future of the protocol is ultimately decided through Governance, we’re looking forward to growing the Anvil community and ecosystem together.
Remember to follow Anvil on X for product launches, new reward programs, Governance proposals, integration announcements, and much more.
Until then,
♥️ The Anvil Team
