Catch up Interview with Archimedes
Great chat with their DEV & why V2
Can you guys do a short introduction about yourself?
I’m Kyle, a Computer Engineer of 3 years with a focus on Project Management whom has paid tuition many times over in the DeFi space.
Native since 2018, I have experience in the Cosmos ecosystem, Fantom, ETH, Arbitrum, Avalanche, BSC, and Polygon.
I have found myself at Archimedes where both my work and passion collide, where I now work full time as a Product Manager.
How did you fall into the crypto rabbit hole & end up a dev working in archimedes?
Ever since taking a personal finance course at a young age, I have been obsessed with compound interest. You can see where this is going… haha.
I quickly began investing and managing my own brokerage account. This led to in depth stock analysis, then technical analysis, and then eventually trading.
Naturally trading during the week from 9:30AM to 4:00PM was restrictive to me. I learned about bitcoin, ethereum, and litecoin in 2017.
The progression into DeFi began here. Come 2020, I was deep into the Luna (unfortunately…) and Fantom Ecosystems.
Learning through a trial of fire as most do, I became obsessed with the idea of moving the entirety of TradFi onto the blockchain. My vision of real world assets and stablecoin yield directly aligns with the Archimedes long-term vision.
With your V2 launching soon can you share about it?
Our roadmap includes a few different strategies to offer a better variety of APY at different levels of stability.
We will gather experience from each strategy along the way. Our upcoming strategy will help users with a hassle-free mechanism on a high APY Convex pool.
This strategy will monitor the state of the underlying pools on the chain. If things get too chaotic, it will safeguard the user funds. We are also working on other interesting strategies that offer leverage, pool hopping, and more.
Do you mind sharing why you guys went for this product direction?
At Archimedes, we learned a valuable lesson with the launch of our first version. We realized that some actions are slow and unreliable without proper automation.
Therefore, we have incorporated built-in automation features in our upcoming V2 release to ensure the protection of user funds on Convex and Curve.
Additionally, we have simplified the process of opening a position, making it more user-friendly. Stay tuned for more details as we get closer to the launch.
What sector/ service is this targeting, who are the users that should be excited for this?
For users who want to invest their ETH in high-yield pools but are concerned about investing in smaller TVL pools, we will be monitoring the state of the pools and withdrawing user funds before things become too imbalanced.
Can you share more about VE design & why did you guys choose this route?
We're using a well-known model that uses a Balancer pool and their battle-tested voting escrow contracts.
To obtain VE, you need to deposit some ARCH into an 80 ARCH 20 WETH liquidity pool and then lock your 80ARCH20ETH tokens on the Archimedes website to obtain voting escrow rights.
Importantly, this also grants the ability to share in some of the company's earnings as rewards to VE Arch holders.
With VE there are typically a few key metrics and action users should focus on, can explain how users should look at archimedes ve?
In my view, the things that really matter for ve are its utility and tokenomics.
veARCH is launching strongly with a few utilities, but we are adding more and more as we go. The initial utility is already attractive to users, but it’ll just improve from here with more features and usages.
To begin with, veARCH holders receive protocol fees, boosted yield, and treasury emissions proportionate to how much they lock and for how long.
As to tokenomics, I don’t dare to explain (or even less so solve) ve tokenomics in a small interview - no one to date was able to solve it. But that’s something we have top of mind and we are giving a lot of thought into it.
Any special alpha for the lambroz community?
Our Syracusia Upgrade is coming fast. :) Stay tuned.
Lastly, what do you guys think is required to make it in crypto?
Grit and flexibility.
You need to grind through the lows and the highs.
You also must be capable of pivoting very quickly both as an investor and as a builder.
Having a great BS detector is something that can save you hundreds of hours and thousands of dollars
Thanks for reading guys! let me know if there is any protocol you guys would love to hear more!
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