Introducing Amnis DAO - Empowering $AMI holders to shape the future of Amnis Finance
As the #1 LSD protocol on Aptos, Amnis Finance has shown strong growth by delivering the right product and prioritizing community value. Following the successful launch of the $AMI token and overwhelming support from the Aptos community, Amnis Finance is now transitioning governance to its core stakeholders - our vibrant and dedicated community. Through a new DAO framework, $AMI holders will help shape the future of the protocol - ensuring decentralized, community-led growth and innovation.
Amnis DAO
The Amnis DAO is a Decentralized Autonomous Organization that governs the liquid staking protocol by voting on key parameters (e.g., setting fees, assigning node operators and oracles) through the voting power of $AMI token holders. The DAO also collects service fees and allocates them toward research, development, liquidity mining incentives, and protocol upgrades.
Why Amnis DAO?
The DAO represents a framework that enables Amnis Finance to operate as a competitive product by evaluating and implementing proposals that serve the best interests of Amnis Finance and its users. In operating the Amnis DAO Governance, we are guided by the following core values:
ADAPTABLE
The Aptos ecosystem is fast-paced and innovative—and so are we. Curiosity is our starting point, and agility is our strength. Grounded in solid principles and processes, we respond quickly and remain committed to building the future of LSDs on Aptos.
APPROACHABLE
We foster a culture of community collaboration over competition. Being supportive and open is our default. Transparency and approachability drive our communication, and we are always receptive to new ideas.
RESPONSIBLE
Each member is accountable for their individual contributions, regardless of scope. We take full ownership of our work, act with integrity, and remain focused on delivering long-term value.
DAO Functions
Amnis Finance is governed by the Amnis DAO. DAO members are responsible for overseeing the protocol to ensure its efficiency and stability. The DAO is tasked with, but not limited to, the following responsibilities:
Building, deploying, updating, and setting key parameters of Amnis LSD, as well as approving incentives for contributors aligned with the DAO’s goals
Managing node operators, including assigning initial DAO-vetted operators, scouting and qualifying new ones, and penalizing those who are slashed according to chain rules
Overseeing payments to contributors, distributing incentives, and handling other operational duties
Accumulating fees from Amnis Finance operations, which may be allocated to insurance and development funds, as determined by the DAO
Governance
The AMI token governs all Amnis DAO and network decisions, ensuring long-term stability and decentralized decision-making to support the growth of fair and transparent liquid staking.
The AMI contract address on Aptos is:
0xb36527754eb54d7ff55daf13bcb54b42b88ec484bd6f0e3b2e0d1db169de6451
To participate in Amnis DAO governance and influence any of the topics outlined above, one must hold AMI tokens. Holding AMI gives members a vote in the future of Amnis, allowing each token holder to contribute directly to community decisions.
Voting weight is proportional to the amount of AMI held. The more AMI a user holds in their address, the greater their decision-making power. The voting mechanism itself can be upgraded, just like other DAO applications.
Governance Process
The Standard Process
The Standard Process for proposals in the Amnis DAO follows a structured path: Discussion Forum → Off-chain Voting → On-chain Voting. This multi-step process ensures thorough review and community input before implementation.
The standard monthly process follows this timeline:
Discussion Phase: 2 weeks
Off-chain Voting Phase: 2 weeks
On-chain Voting Phase: 2 weeks
This structured timeline ensures a balanced decision-making process while allowing ample time for community participation.
Contributor Process
In emergency cases, votes can start immediately without going through all the standard steps. The vote can be immediately created on-chain, bypassing both Off-chain voting and the Forum discussion.
Voting will be initiated for objection votes. Members can vote "No" to reject proposed changes. If objections exceed 5% of the total AMI token supply, the Contributor Process proposal will be rejected.
Easy Track
It streamlines the process by bypassing some of the usual steps required in the Standard Process. There are three types of Easy Track proposals:
Treasury Management: Governs the allocation and movement of treasury funds.
Node Delegation Management: Handles decisions related to node operator assignments.
Contributor Proposals: Submitted by Amnis’s Contributors for specific governance actions.
Unlike the Standard Process, Easy Track proposals can be initiated directly by Contributor Members. However, to ensure decentralized governance and community oversight, AMI token holders have the power to veto a proposal. If more than 0.5% of the total AMI token supply votes "No," the proposal is automatically rejected.
For more details of Amnis DAO governance process, please visit the Governance Page.
About Amnis Finance
Amnis Finance is a pioneering liquidity-staking derivatives platform on Aptos. As a foundational component of the Aptos ecosystem, Amnis Finance introduces a secure, user-friendly, and innovative liquid staking protocol that empowers users to maximize returns on their APT tokens while unlocking their liquidity.
Amnis Finance’s mission is to build a foundational pillar in the Aptos Ecosystem to drive credit expansion through APT staking. Amnis Finance also leverages the liquid staking of Aptos (APT) more effectively by combining amAPT and stAPT into the ever-growing protocol and technical design.
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