Ambire Wallet Partnership Proposal

Important:

• If you have more questions about the proposal or wanna start a discussion, do it here

• here is a link to the project spotlight we did with Ambire (1st part are questions from the community, product demo starts at 21st minute)

What is Ambire?

Ambire (previously known as AdEx Network) is building an open-source DeFi smart wallet that dramatically improves the UX.

Some of Ambire Wallet’s killer features are:

Smart authentication:

• Seedles authentication: Register with email and password only
• Upgrade your account to Trezor or Ledger without moving funds
• Enable multi factor authentication

Improved DeFi UX:

• Simplified DeFi interactions: multiple operations in one transaction (zaps)
• Plugins: DeFi protocols integrated into wallet for faster interaction
• No need for an extra approval step for protocols
• No infinite approvals kept open
• Multichain support (Ethereum, Polygon, Avalanche, BSC)

Meta transactions:

• Batching transactions - combining several transactions for
• optimized gas spend and speed
• Automatic gas fee management
• Pay transaction fees in any token
• MEV protection via Flashbots and Eden

👉 Beta is live, try Ambire here 👉 Website 👉 Whitepaper 👉 Twitter 👉 Discord

Lobsters welcome

We highly value the LobsterDAO community as a pool of well-known value-generating DeFi superusers and we would love to have you 🦞 play with 🔥

We propose a mutual partnership in which:

As many Lobsters as possible try Ambire Wallet early We want to incentivize long term usage of the Ambire Wallet, so we will run liquidity mining incentives for early users with a special twist for Lobsters

Details about the liquidity mining program:

• 30% of all WALLET will be distributed as a form of user acquisition tool - in the first 4 years.
• all users would get WALLET tokens based on the proportion of their account net worth over the TVL of the Wallet as a form of liquidity mining program.

For example:

The reward rate is 205k WALLET per day (amounting to 7.5% annually) Total Wallet TVL is $500m Your account net worth is $500k This amounts to 500,000/500,000,000*205,000 = 205 WALLET per day

The 🦞 Twist (Proposal to Lobsters community)

1. Signer address holds Lobsters NFT (first month of users incentive program)

If you hold a Lobster NFT on your signer address ( a browser wallet or hardware wallet that you use to sign transactions on the Ambire Wallet) you will receive a 1.5X liquidity mining multiplier for the 1 month of using Ambire Wallet.

2. Transfer your Lobster to Ambire wallet (as long as you hold Lobster in that wallet):

If you transfer your Lobster NFT to Ambire Wallet you will continue having the 1.5X multiplier as long as you are holding the Lobster NFT into your Ambire wallet. (By the way, the wallet has an NFT dashboard which looks sleek)

Note: holding more than 1 lobster per account WON'T increase your multiplier.

Vote YES - LobstersDAO officially works with Ambire for the liquidity mining booster feature to go smooth.

Vote NO - LobstersDAO won't work officially with Ambire. (Do note that we can't stop Ambire to do boost, but we will not endorse nor support this)