Try it out at app.amasa.io
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
Staying focused on our ‘Why?’.
The reason Amasa began is focused around a simple core purpose — over the long term, help to shift the balance of global wealth to benefit more of the 99% instead of the 1%.
How? By making it easier for anyone to get real value from earning on web3, and putting earnings into DeFi. This means over time enabling anyone, anywhere in the world with access to a digital device that can access apps, to be able to create a meaningful source of income for themselves to improve their financial situation.
What we believe to be important for Amasa is:
1. Keeping things simple, as more and increasingly complex DeFi apps launch and grow.
2. Making it secure and non-custodial, increasingly decentralized.
3. Having it fit into people’s everyday lives, by automating functionality and integrations.
The vision for Amasa is to bring benefits to those who could really use extra income, created and increased in a sustainable way. It’s not meant to be for degens, day traders and DeFi experts, or people who want to flex bull market gains and status symbols. It’s meant for people who could change their lives by consistently earning digital assets on web3 and steadily increasing the value of those assets in DeFi.
And by ‘change their lives’ we don’t mean quit their jobs and buy a yacht. We mean, be able to afford something previously out of reach, like education, medical care, transport, the means to achieve things so many people in developed nations take for granted, but also many even in those nations are not able to. It needs to be easy to use with minimal time input. People should not need to be experts in the DeFi landscape to get the most out of it. They should be able to accumulate and grow wealth over time with some confidence.
We are one more big step further along our ever-evolving path, with the launch of the Amasa desktop web app beta, and incredibly excited to be able to share it with the world, as we continue to build things out. It’s been a long process of building at a measured pace with a small and evolving, globally remote team on a tight runway, and we’re stoked to be able to get this first version into the hands of the community to start using.
Amasa will evolve and adapt and expand until millions of people are improving their financial situation with the app.
Try it out at app.amasa.io
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
The beta
There’s plenty of unique features we’re looking forward to people using in the beta, and more in the works. What we’re most excited about is how simple it is to start using. Our plan is to keep building in enhancing features while retaining simplicity for users. Defi on easy mode. A way for anyone to connect to web3 and DeFi without being overwhelmed by complexity and choice, and also without being scared off.
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”
― Steve Jobs
Priorities for this beta version were:
- Simple UX and friendly UI.
- Keeping it all on-chain and decentralized.
- Easy onboarding using the popular Metamask wallet.
- Offering a balanced limited set of DeFi options in Auto Allocation.
- Easy customization and changing of portfolios.
- Low cost transactions on Arbitrum allowing small scale value transfers.
- Auto-deposits for select tokens, allowing earnings to deposit directly into an Amasa portfolio without a manual transaction required by the user. Set and forget web3 incomes into a customized portfolio to DCA into assets over time.
- Manual deposits of WETH into portfolios.
- Swap tokens on Arbitrum or multiple other networks into WETH to be able to manually deposit, in the app via deBridge integration.
- Automated allocation of user deposits across multiple assets with minimal clicks.
- Enable users to discover and learn about quality web3 projects that offer earning through gaming, social activities, and more.
- User retention of control and ownership over their assets at all times.
- Rebalance assets that are no longer wanted into an updated portfolio.
- Alignment to changing and evolving regulations by necessary blocking of restricted persons from using the beta app.
Beta for Amasa is a responsive desktop web app, on Arbitrum.
Try it out at app.amasa.io
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
Mobile web and native mobile app launch stages are planned.
We chose to deploy on Arbitrum because of its strength as a network, and to fit our needs for optimizing transaction costs and fees. Low cost, high throughput.
Deployment to additional EVM networks is in development, with a multi-chain vision, stay tuned for announcements of the next network deployment in coming weeks.
Amasa user accounts are non-custodial, with all funds kept in user wallets at all times. Building Amasa to be non-custodial and on-chain made things more challenging, but we believe in ‘ not your keys not your coins ‘.
Auto Allocations
For beta, users can combine earnings from web3 apps into the Metamask wallet connected to their Amasa account, and make manual deposits of any size into their portfolio. To make it easy for users to bring a wide range of tokens into Amasa and deposit value, we’ve integrated deBridge to enable cross-chain swaps into WETH on Arbitrum. WETH is the first manual Amasa deposit token because of its broad liquidity across decentralized exchanges, allowing swaps into up to 6 different tokens within a single transaction by the user. This is the essence of our Auto Allocation, a key feature of Amasa.
The Auto Allocation feature is based on what you may have seen in web2 apps like Acorns and other micro-investing apps. As a user of those, you can dollar cost average over time into a pre-set stock market portfolio of selected high quality stocks to suit your needs, with the intention of having your portfolio value increase over time. Amasa is similar, but instead of round-ups from credit card purchases or regular bank transfers, our users are encouraged to source funds from earning on web3, and grow their portfolio over time with quality crypto assets via DeFi. Amasa is the Acorns of web3, building for growing adoption of web3 value creation.
For beta there are six assets available to choose from. We deliberately want to keep the number of options low, to make things simple and easier for new entrants to the space to use. As new users become more familiar with the huge and complex world of DeFi and thousands of tokens available, they can access a range of other crypto wallet dashboards and tools.
Our focus is being a sustainable and helpful entry level platform. We’re tired of seeing new entrants to crypto chase late stage bull market gains and be dumped on, and we’re acutely aware that it can take a lot of time and energy to really understand and maximise the potential value of web3 and DeFi.
Beta portfolio options
In future versions of the Amasa app, selection of new assets being made available in Auto Allocation, and any existing options being sunset, will be actioned through a community input and voting system as part of the project governance process. For now, the six assets were selected with input and assessment by a range of stakeholders and contributors to Amasa. The aim is to offer assets that are relative low to medium risk, relative to what is available in the market, are high quality, and may give a positive ( or neutral in the case of stablecoins) return over time.
Users are encouraged to learn about market cycles, risks, assets, and make informed choices before creating their Auto Allocation. Nothing in the Amasa app represents financial advice or should be considered as such, the crypto market is highly volatile and all funds invested in crypto tokens can be lost. We recommend users speak to a financial advisor before making any kind of investment decisions.
The assets available through Amasa in beta are
- Circle stablecoin — USDC
- Tether stablecoin — USDT
- Wrapped Bitcoin — wBTC
- Wrapped Staked Ethereum on Lido — wstETH
- DeFi Pulse Index by Index Coop — DPI
- Metaverse Index by Index Coop — MVI
USDC and USDT, the two most popular stablecoins, give users the ability to convert volatile assets into tokens with value fixed to the USD.
wBTC gives users exposure to Bitcoin through an ERC-20 token.
wstETH gives users exposure to Ethereum earning yield through liquid staking.
DPI gives users exposure to a range of top DeFi protocols and projects in a single token.
MVI gives users exposure to a mix of top gaming and game-fi ecosystem projects in a single token.
A detailed breakdown of each of these assets and their performance to date is available within the Amasa app onboarding flow and from a users dashboard.
Users are able to select options that best suit their goals, and allocate a percentage to each, with a required total of 100%. Every deposit into a portfolio is then split across the selected options in the user portfolio, in the % split setup. This can be modified at any time by the user.
For example, a user with a bearish outlook seeking to lock in the value of their earnings might choose to allocate a large % to USDT or USDC. At another time, they might be more comfortable with a mix of wBTC and wstETH. A user looking for maximum exposure to opportunity despite risk, may allocate primarily to DPI and MVI. Any combination of options is possible.
In future iterations the community will be able to propose and vote for changes to the structure of Auto Allocation frameworks, to increase options available, or make other updates. We look forward to seeing the app evolve with community input and directions.
Try it out at app.amasa.io
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
Beta functionality
Once Auto Allocation is set up, in the dashboard users can deposit WETH, swap assets cross-chain to WETH for deposits, set up Auto Deposits for select tokens on Arbitrum , view portfolio balance and values, view performance of their portfolio assets, edit portfolio allocations,rebalance funds, and discover quality web3 apps to earn with.
The beta version of our web3 income explorer lets users browse and filter a curated list of places to earn crypto assets, from gaming to social and much more, across multiple networks. For beta this connects to web3 discovery platform web3earner, which was created by Amasa.
Auto deposits
For beta, there are three tokens that can be connected for Auto Deposits on Arbitrum, these are:
- NRN AI Arena — an AI powered gaming platform
- LPT Livepeer — a decentralized social and video content enabler
- DMT Dream Machine — a social and gaming ecosystem
A user connecting these in Amasa to their Auto Allocation portfolio, and earning those tokens into the wallet used to create their Amasa portfolio, can simply earn the tokens and they will seamlessly be swapped via smart contract into the users portfolio assets regularly, without the user needing to do any manual deposits.
This feature can scale to add many more tokens for Auto Deposit, aligning with our aim of expanding the number of web3 apps tokens that can be plugged directly into user portfolios.
We welcome community input on which tokens that can be earned using web3 apps you would like to see integrated to have direct auto deposits into Amasa user portfolios.
Try it out at app.amasa.io
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
AMAS rewards and use
Rewards campaigns for users of the app are coming soon, and utility of the AMAS tokens in-app for different functions is also under development and will be rolled out over time.
Early Amasa governance is also very close to going live, and initially will enable community members to create and discuss soft proposals in our Common forum, leading to full proposals and votes on Amasa Snapshot by AMAS governance token holders. This will evolve over time.
Smart contracts
Security is a top priority for Amasa, the smart contracts used in the beta have been audited by Hacken and passed with flying colours. The Amasa smart contracts are open source.
Hacken audit reports are available here.
Thank you all
Amasa’s foundational purpose of helping millions get more out of earning on web3 and accessing DeFi, as easily and simply as possible, remains our guiding north star.
We are excited and super energised to move forward along the next phases of the Amasa project, and evolve our process of app development to be increasingly oriented around user feedback and input. We are also looking forward to bringing on board more community contributors and actively working to grow our ecosystem of partners and collaborators within web3.
Thank you to all project supporters, community, ecosystem collaborators and contributors so far for your patience and efforts, and thank you in advance to all beta app users for your input and feedback as we continue to build out the vision for Amasa.
Onwards,
The Amasa Team
Not able to view the app? You may be trying to access from a Restricted jurisdiction. More information here
Due to regulatory requirements or regulatory uncertainty across different jurisdictions, persons from Restricted jurisdictions are currently geo-blocked from accessing the Amasa beta app. We remain hopeful that more jurisdictions over time will allow their citizens to have full financial freedom with unrestricted access to DeFi protocols. To ensure long term project continuation Amasa needs to comply with regulations and avoid negative events impacting the project, thank you for your understanding.
