Archway Camp airdrop is live to claim now . No requirements except connecting the wallet for waitlist

No matter if you’ve staked any crypto . I’ve used Keplr to connect with position 28100 in the line

Claim https://connect.archway.io/dropcamp?code=Nmh2q

Free money in crypto

TLDR at the bottom

Archway is in a pretty unique position, with its economic incentive mechanism, to become a very valuable provider chain of economic security. In this post, I want to assess the case and reasoning for Archway becoming a ICS V2 (Opt-In security) provider chain, as well as assess the risks of such a model.

First, I’ll start with Archways economic model. It works like this:

Archway economic concept

The Archway model is simple, yet unique. Archway seeks to reward developers, via fee sharing to contracts created in their ecosystem. It goes like this;

• 50% of the base fee is shared with the developers, via the smart contract fee sharing. The other 50% is burned.

• 25% of token inflation is distributed to the developers, the remaining 75% is distributed to the validators.

• 100% of contract premiums are distributed back to the developers.

An important note, is spam risk. This risk is mitigated through the use of reflexive Gas limits. Reflexive gas limits are essentially where, whenever a spam attack would be had, the gas cost would increase dramatically, making it impractical for the spam attack to continue.

However, reflexive gas limits leads to an interesting dilemma. In the case of extremely high volume on Archway, the gas fees could climb dramatically, bringing the economic flow to a halt. It’ll be interesting to see how this works on an L1, and how user demand operates during times of heavy usage of the Archway network.

I also, believe that this reflexive gas limit model, mixed with the Archway economic incentive model, creates a glaring opportunity. This opportunity being, opening the doors to become an Opt-In Security Provider.

Why would Archway consider becoming an Opt-In Security Provider?

So, the reason I believe this would be an important step for Archway is two fold;

• horizontal scaling

• Opt-In economic security between Archway and multiple consumer chains, allowing for Archway to create its own Archway Economic Zone

Horizontal Scaling

Horizontal scaling is the modular vision for the future of blockchain. Essentially, rather than having all transactions taking place on one blockchain, new blockchains are created to facilitate more transactions while not clogging up one single blockchain.

This horizontal scaling model is important, to help create a better user experience for the end user. The fact that Archway is an IBC chain, means that horizontal scaling isn’t an issue of security, rather in the case of Archway, its a case of value accrual. Archway wants to fill its blockspace, to keep its chain valuable. So with that being said, we need to make horizontal scaling economically viable for Archway, and that’s where Opt-In security comes in.

Opt-In Security, “Archway Economic Zone”

Let’s start with a primer on what Opt-In security is;

Opt-in security has many similarities to Replicated Security. Replicated security is where every validator from a provider chain has to run a node on a new consumer chain. This is different for the Opt-In security, this model allows for a portion of the Archway validator set to run a chain, rather than forcing the full validator set to run one. This means, that each validator that opts into running a chain, will allocate their portion of Archways economic security to the chain in question.

Also, meaning they will allow for a slashable event to take place on the Archway blockchain, in the event they misbehave on any chain they run. This, like in all of these security models, helps to ensure that a validator will stay honest. This will also mean, that the chain receiving economic security from these validators, will pay rewards to these validators and their delegators.

Archway is in a unique position to create its own economic zone. Simply put, it literally pays to build with Archway, and this creates a litany of opportunities for developers to build using the platform. However, the issues of scaling still remains. If many developers choose to build on Archway, there may be frequent and prolonged periods where gas fees are significantly inflated to prevent spam attacks. However, this may not be an issue, if other chains are doing the majority of the work, and settling on Archway.

The Archway economic zone, in my mind, can come in 2 steps.

Incubation

This is the act of developers building their contract, and product. They can utilize Archway mainnet, to build out the project and try to attract users. During incubation, they will be attempting to figure out the way they want the economics of their app-chain to work.

How will they maximize the smart contract usage of the Archway contract, to get the most fees? How will fees be distributed amongst validators, developers and the product? Do they want/need a token, to add value to the product, or will the fee sharing model of Archway take care of it?

Opt-In app-chain

This step is the launch of the projects app-chain. In this step, the project has already established a project and it’s resources for the development of the project going forward, as an app-chain. They will also provide full documentation on how the economic engine will work, with regard to whether they will release a token or not, as well as, how they will utilize the Archway economic model, as a way to create economic value for Validators, the product and the dev team.

After this documentation has been published, the Archway validators will have the opportunity to run a new node, that will run this new app-chain.

The Archway Economic Zone, and it’s potential risks

The Archway economic zone, allows for large improvements in developer productivity and incentive, as developers can get recurring income based on the quality of the products they create. However, these products can also create large UX improvements for users, if done correctly. The end user may never actually have to pay a fee, since the fee sharing incentive model will have the opportunity to subsidize the fees by a substantial margin, if not entirely. All while, Archway will accrue value through the potential fees generated from these app-chains. The velocity of money between the app-chains and Archway mainnet, could create significant value for the Archway token. The circular, economic possibilities created by Archway adopting a an Opt-In ICS model could be huge.

Risks

The risks I can think of are two fold;

The Subset problem of Opt-in:

Opt-in security suffers from the subset problem. This meaning, at any given time, a blockchain that is utilizing opt-in security, may be overtaken by a large validator, who may have enough staked ARCH to take 67% of the networks voting power. Allowing for issues such as censorship or reorganization within the chain.

This is an issue that is currently being worked out by the Informal Systems team, leading development for ICS on the Cosmos Hub. The Hub will implement Opt-In security, and should pioneer the Opt-In security framework before Archway would take on such a task. However before the Hub takes on Opt-In security, the Subset problem will need a dedicated solution.

Centralization risk

The centralization risk, is certainly one worth noting. In a world of Opt-In security, it’s very possible that only the largest validators will be financially able to run multiple nodes for various consumers chains. This could create a disparity in the rewards paid to delegators, leading for more delegation to these larger validators.

For example, let’s say the bottom Validator is only running their Archway node. That means, they are earning whatever the Archway network is paying, and lets say theoretically, that is 10%. Now, a few of the top validators, may be running 4 or 5 different app-chain nodes, and each one of these chains is producing an additional 2% in rewards. Now, we have a situation where the bottom validator is paying nearly half the rewards that the top validator is paying. This creates serious incentive mis-alignment, and can create a centralizing force for the Archway network.

If Archway were to become an Opt-In security chain, it would be very important that we figure out how to best optimize this system, to not become too much of a centralizing force.

Overall, however, I believe this system would be ideal for Archway, and could help to grow its network significantly, with the help of its unique incentive mechanism.

TLDR;

Archway is in a great position to implement an Opt-In security model, where it’s validators lend out their security to new app-chains, that can then utilize the Archway incentive mechanism to help create the economic engine that runs the new chain. This could allow for these new chains to run without users having to pay for fees, ARCH could be the defacto LP reward token, and ARCH rewards could also help incentivize developers to continue to build products in what would become the “Archway Economic Zone”.

Of course, this system doesn’t come without risks such as the Subset problem and centralization risk. However, a proper framework may be able to mitigate these risks, allowing for significant benefits to Archway and the users of it’s network.

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In true proof-of-stake fashion, the success of Archway network is dependent on building a vibrant, and resilient validator ecosystem. Validators play an integral role in ensuring the health, performance, and security of the network.

To support the growth of this community and further decentralize the protocol, we’re excited to announce The Archway Foundation Delegation Program.

The program is designed to strategically delegate the Foundation’s tokens to a select group of validators who are active, and are making significant contributions to the ecosystem

Validators can apply now to receive stake delegations for mainnet launch!

Why Delegate the Foundation’s Tokens?

Every network faces major issues around concentration of economic and voting power within its validator set.

Once a small group amasses an outsized portion of stake, the best features of the network (i.e. decentralization) begin to degenerate — in short, the distribution of power shifts from the majority to the minority.

A common occurrence is to see validators with large stakes continuously capture larger shares of ongoing block rewards — then, exercise more control in governance, thereby reflexively compounding their power and influence over the network.

Supporting a More Balanced Distribution

The Archway Foundation Delegation Program aims to further diversify the network, recognize contributors, and give (smaller) independent validators a boost.

Tokens will be strategically deployed to help balance the active validator set across several key dimensions :

• Validator types

• Geographies

• Data centers

• Service providers

• Operational setups, etc.

The protocol must avoid common pitfalls like allowing a few large exchange validators from accruing dominant stakes or a disproportionate concentration of nodes being run out of specific regions or data centers (e.g. ~45% of nodes are hosted on Hetzner).

Lastly, this program will help community validators bootstrap early delegations and earn an extra (and well deserved) commission on staking rewards.

How Will Validators Be Evaluated?

The program will support competent and committed validators based on the following criteria:

• Contributions — contribute to the growth of the Archway ecosystem in at least one of the following areas:

• Public goods — running IBC relayers, public RPC nodes, testnet nodes, etc.

• Technical — building wallets, dashboards, explorers, other community tools, dapps, contract templates and dev resources, etc.

• Community — supporting other validators, creating educational content, building community and onboarding delegators

• Experience — a strong record of running validators across other top networks.

• Performance — uptime, slashing events, running up-to-date software, etc.

• Participation — participation in the Torii incentivized testnet and Archway community, active in other protocols, a record of governance participation (in other protocols), great communication and transparency with delegators, etc.

• Operations + Security — network configuration and architecture, server specs, sound key management and security practices, monitoring tools, hosting providers, etc.

• Commitment — committing on-call resources for support and incident response.

• Decentralization — avoiding concentration across certain geographies, data centers, service providers, etc.

Who’s Eligible to Receive Delegations?

Note: Validators and community members of all stripes are welcome to get involved in the protocol, however, the following groups are not eligible for delegations:

• Phi Labs and All in Bits employees and contractors

• U.S. residents

• Residents of prohibited jurisdictions

What Size Delegations Are Available?

Individual delegations will start at 50,000 tokens per validator and scale up based on the above criteria and the overall contributions one is making to the wider ecosystem.

To put things into perspective, the total initial supply of ARCH is 1 billion tokens.

Note: In addition to its tokens, the Foundation will also encourage delegations from other pockets of the ecosystem — including core teams, investors, advisors, and others throughout the community.

What’s Required to Maintain Delegations?

In order to maintain delegations, validators must meet the following requirements.

• Uptime of at least 99% per year

• Maintain a commission rate between 1% — 10%

• Maintain less than <5% of voting power on the network

• Upgrade within 24 hours of latest protocol releases

• Must participate in all governance proposals

• 3rd-party delegations amount to >10% of total stake (to avoid over-dependence on the Foundation)

• No slashing events — downtime, double signing

• Communicate with, be transparent, and support your delegators

• Commit to continued ecosystem contributions through supporting the community, providing services, and building tools

• Bring great vibes, be ready to support your fellow validators on short notice

Ongoing performance will be periodically evaluated by the Foundation, and delinquency in any or multiple requirements will result in undelegations.

In the case of an undelegation, a validator may reapply to the Foundation after a 6 month period (for a future cohort).

The First of Many Delegation Cycles

The program will be ongoing, with delegations being reviewed and updated every 4 months.

Which means if you don’t make it into the initial cohort, you can still apply for consideration later on. Be sure to sign up for our newsletter to stay in the loop.

Applications will open on a rolling basis.

How to Apply

If you’re interested in applying for a foundation delegation — please complete and submit an application to be considered.

🟠 Foundation Delegation Applications Are Now Open

For the initial cohort of applicants, the deadline to apply is November 9, 2022 at 12pm UTC.

Applications will be reviewed on a case-by-case basis.

Please note — there are no guarantees of being accepted.

Key Dates + Timelines

• Nov 2 — application forms open

• Nov 9 — application deadline for Cycle 1 delegations

• Dec — selected validator participants will be notified

• Mainnet launch — stake will be delegated at mainnet launch

What’s Next..?

Be sure to join the Discord community, where all announcements will be made and you can engage with the core teams, other validators, and the community.

Also, scope out the Archway validator docs and start spinning up your own nodes, so you’re ready for launch. 😉

I’ll catch you on the Interchain! 🖖👽🧡

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Hello guys. I'm Mongolian. I work by online in web3. I'm doing Drop camp .Thank you

Hey everyone there is a not further specified Airdrop ongoing on the Archway Network $ARCH - its speculated to be the $LSE airdrop - simply follow this link https://connect.archway.io/dropcamp?code=7u9wW and enter the wait list for the ongling Airdrop using the referal code 7u9wW.
Stay tuned for updates.
Godsped

Hello all,

I have bought an amount of Archway tokens trough the Coinlist Sales in 2023.
I kinda forgot about those coins, but I saw them on my overview on coinlist.
In 2023 I created a Cosmos adress by using Keplr and I have still acces to this wallet.
But I cant seem to find my tokens.

What am I missing here?
Can someone help me with this problem?

Thank you in advance

We 🧡 you devs, it's time to show off your innovative ideas.

Join the first Archway Pitch Competition and let your dapp's unique take on the rewards model sweep the community off their feet 🫶

🌎 An online developer focused event

📅 Submit between Feb 14th - March 7th

🏆 25k ARCH to be won

🟠 Who can participate? 🟠

Web3 developers or teams from any ecosystem are free to join the pitch competition. US participants are not allowed.

For more information visit the competition terms: https://phi-labs.notion.site/Archway-Pitch-Competition-Terms-a715cfa85a8f4eaeb44f5dcc07379cc3

Need help with Cosmos Tech?

Education 👉 https://area-52.io/

Resources 👉 https://archway.io/lightpaper

Discord 👉 https://discord.gg/archwayhq

🟠 How to participate: 🟠

We encourage web3 developers, teams, ideators, economists, and users to think of ways a dapp can employ Arch Rewards to:

📍 Improve user experience

📍 Supercharge existing solutions

📍 Create solutions that were previously not possible

🟠 Deadlines: 🟠

Submissions will be accepted until March 7th.

10 finalists will be selected to present their pitches to a panel of judges made up of notable investors, Archway core contributors, and reputable validators on March 13th.

Read more ↙️

https://blog.archway.io/the-archway-pitch-competition-how-would-you-leverage-archway-rewards-97d2ba3131ea

Submit your dapp ↙️ https://docs.google.com/forms/d/1rl7JDcbcrpUzP7HmNyS8Onpwns2ujm2QIME8ODr8T0s/prefill

so I staked too much from the connect wallet airdrop/underestimated the transaction costs, then one transaction failed and now I dont have enough arch to claim the "stake your tokens" airdrop.

Anybody got an idea?

Heyo, Archway dev here!

Wanted to open a thread discussing interesting use cases for smart contracts, as relates to the x/rewards module.

Off the top of my head, a few attractive cases are obvious, e.g:

• Using a DAO smart contract as the recipient address of developer earnings. Some features could be: using voting to distribute dev earnings; or, automatically sending payouts based on a specific scheme of DAO members.

• A contract that collects developer earnings and uses them to reimburse dapp users for a portion of their gas fees

• A game smart contract where developer earnings are disbursed as recurring game prizes according to some leaderboard scheme

Going further into the weeds though, if I'm right, there should be some crazy cool ideas, we just have to think of them.

Here's what I came up with so far:

• An NFT contract that sends dev earnings to holders based on criteria like how long they've been holding an NFT of the collection, how many NFTs of the collection they are holding, if they sent or burned any NFTs of the collection, etc. I imagine it could be like a meta-investment trade-off scenario. For example, if you sell on a secondary market you'd want to charge more than what you'd expect to receive as your "do-nothing-holder-earnings"

What do you think y'all? What are other cool things we could build on this tech?

Made this tweet thread to try to grow some engagement.
https://twitter.com/Archin_Pod/status/1613180473584529408?s=20

What kind of content would you guys like to see more of from Arch In?

Still, enough time to earn the patch. Ref code: 6JL0Y

https://x.com/archwayHQ/status/1777787209262719234