Thread by @CosmosClub_

Eris Protocol is another phoenix starting to spread it's wings into the wider #cosmos after the #terra crash.

They are building what we here at the club like to refer to as a DeFi paradise!

So how does this paradise look like?

Let's take a look in a 🧵👇

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Before we dive in, make sure to listen or relisten to our space with @eris_protocol.

Use the space link below or tune in on Spotify, YouTube and all the other platforms 👇

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https://twitter.com/CosmosClub_/status/1636353596831801349

Eris Protocol is mostly known for their liquid staking assets - known as amplifiers - that moving from Terra and onto the interchain in #cosmos:
#ampLUNA
#ampKUJI
#ampWHALE

Their claim to fame is low fees, where they clearly lead the APY race. Example for $LUNA:

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Eris Protocol is not "just" a liquid staking platform though.

It's a “Stable LSD Economy” that consists of:

1⃣ Amplifiers (amp)
2⃣ Extractor
3⃣ Compounder
4⃣ Arb Vault
5⃣ Governance
6⃣ Amp Z

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1⃣ Amplifiers (amp)

Amplifiers is the Liquid Staking Product of the Eris Protocol.

Autocompound your staking rewards, stay liquid and be tax efficient.

Stake your tokens using the Amplifier Pool and get higher APY.

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2⃣ Extractor

Deposit AMP tokens in the AMP EXTRACTOR and use your yield efficiently.

You can e.g. donate your yield to projects like Angel Protocol or commit them to the LUNC burn!

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3⃣ Compounder

Autocompound your LP token rewards from providing liquidity to dexes like @astroport_fi.

You will receive amp[LP] tokens that are still moveable or useable in other products like the AMP Extractor.

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4⃣ Arb Vault

Deposit your [TOKEN] (e.g. $LUNA) in our Eris ARB pool and connect all different liquid staking arbitrage possibilities.

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5⃣ Governance

Eris is redefining LSD governance where users can use their AMP tokens to vote!

A recent example of this is #ampKUJI, where AMP Governance allows holders of #ampKUJI can decentralize Eris Protocol delegations and governance decisions:

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https://twitter.com/eris_protocol/status/1651271789199212571

6⃣ Amp Z

AMP Z will be an in-wallet DeFi automation product, that will automate daily / weekly tasks.

There are multiple task automations in the works, which you can find below 👇

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docs.erisprotocol.com/products/amp-z/

Other features Eris Protocol is working on includes:

• Arb Repeater: An AUTOMATED slow burn Arbitrage Protocol
• Amp Oracle: Allows other DeFi apps to easily integrate and use LSD’s from other chains

and much more...🛠️

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Liquid staked assets are great, but only if they are possible to use in various DEXs and money markets.

The most popular places right now to use AMP tokens:

🤜 DEX: @astroport_fi, @wynddao and @TeamKujira's FIN
🤜 Money Market: @CavernProtocol and @0xcarbon's Nitron

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We cannot wait for Eris Protocol to continue pushing the barriers to create a Stable LSD Economy.

Or as we like to call it, a DeFi Paradise!

To learn more about Eris, check out erisprotocol.com and docs.erisprotocol.com 👇

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