Amaterasu Finance - A DEX created by Harmony Builders on Aurora/Near
Proposal overview
We have already established Harmony’s presence on Aurora by partnering with MultiChain to create a bridge from ONE to Aurora. Currently we have almost $100k in liquidity in ONE LP on our DEX. Amaterasu is only 6 days old and reached up to $2m TVL. With Harmony’s help we can create additional ONE pools with popular pairs such as NEAR and AURORA on our DEX incentivized by ONE.
The Amaterasu Core team is made up of developers, marketers, and community builders from popular Harmony projects such as DeFi Kingdoms, FoxSwap, GameFi Crossing, Tranquility City, and more. Our strong presence in Harmony’s ecosystem along with our cross-chain connections have allowed us bring followers from Harmony to Aurora. In addition, we have developed a great relationship with the Aurora core team and speak on a near daily basis about updates, partnerships, and future opportunities. We believe that with the official backing of the Harmony Network, that the combination of our partnership would net incredible results for Harmony, Aurora, and Amaterasu.
Bringing additional liquidity from ONE to a network like Aurora that shares in low transaction costs would increase the amount of utility of Harmony’s token as well as allow for new investors in the Near ecosystem. This would break ground on future partnerships between the two burgeoning networks. Again, we have already taken the initiative of working with MultiChain to create a bridge and started on this goal. Let’s support Harmony developers by incentivizing them to bring the power of ONE to other networks.
Create a ONE / NEAR and ONE / Aurora market on Aurora
Grow to 1m TVL in ONE on Amaterasu
Introduce Boosted Rewards campaign with extra incentives for 3 months (Aurora will also be asked to contribute)
3 way Partnership with Harmony and Aurora where Aurora matches Harmony’s grant rewards to add to ONE / AURORA LP
Proposal Ask
Harmony to provide $ $7.5k per week for the duration of the Boosted Rewards campaign.
Total amount in $ <=> ONE: $7.5k * 12 = $90k ⇔ 630k ONE
Metrics to track success
Total amount of ONE bridged from Harmony to Aurora through MultiChain Bridge
Total Value Locked in ONE / NEAR market on Amaterasu
Total Value Locked in ONE / Aurora on Amaterasu
We sincerely believe that harmony is the network that will “bridge” the gap to all the other ecosystems out there, and this is why we have taken the liberty to partner with multichain.org to build a bridge from harmony to aurora and host the first ONE liquidity pool on aurora. This liquidity incentive would further our efforts, allowing us to create extremely attractive ONE/NEAR and ONE/AURORA pools. We launched less than a week ago and have an allstar team that is ready to grow both ecosystems together in harmony.
Unlike many other projects that come out, this one really has a promising path forward including the connections it needs to keep it sustainable and profitable for all holders. Excited for what they do next!
Love this proposal. I have enjoyed using the aurora network and believe this would be a beneficial partnership for Harmony, which is pisitioning itself to be a main bridge to all popular networks.
This project is backed by some serious hammers who are committed to increasing value for everyone involved. I would bet the farm on these guys. Harmony/Aurora all the way. Amaterasu is the bridge to the future let’s goooooo.
This kind of partnership’s are a great way to connect chains, teams, transaction and use cases of all the project’s on either one of them.
If Harmony ONE want’s to be the chain that connects all (Insert LOR Reference), it must do so using these kind of synergies and promoting them will full strength and support.
Establishing ONE on Aurora also positions it well to be listed on the many existing and upcoming money markets on Aurora (e.g. Bastion, Aurigami, etc.).
Do not download any extra wallets or files. It may prompt you to change your MM network to Aurora and that is normal. You will have to add that new network to metamask if you don’t have Aurora already.
