As the co-founder of AmpliFi, a blockchain-based passive income protocol, Christopher Silk is used to brainstorming. He has a background in law, giving him a unique insight into the world of cryptocurrency and DeFi, where he’s spent the last few years discovering the chinks in the system and creating innovative solutions to fill the gaps.
Silk has worked as an advisor on multiple DeFi projects, has contributed thought leadership into the space, and has produced web3 content across a variety of Mediums. “Existing DeFi passive income projects were laced with fatal flaws,” Silk explains. He points to issues such as poor risk management, a lack of sufficient revenue, and the overuse of leverage. “Myself and my co-founder sought to do better. We took the best parts of each existing project and incorporated them with slight modifications. We then spent months brainstorming and modeling out solutions to solve for the sustainability and tokenomics issues of these past projects. Out of it, AmpliFi was born as the first decentralized crypto annuity – offering perpetual yield to DeFi users through a variety of internal and external revenue sources.”
AmpliFi users enjoy several structured products through the native #AMPLIFI token. AmpliFi’s offerings are backed by external DeFi revenue sources, such as Ethereum network validators. There are several ways for AmpliFi users to earn native token rewards, $ETH payouts, and a share of protocol revenue.
AmpliFi was founded to make earning crypto passive income as simple as possible, for both DeFi-natives and crypto newcomers. AmpliFi products include single-sided staking, Transistors, Amplifiers, Fused Amplifiers, and its gAMP governance token. All of these products offer novel ways to participate with the protocol and earn from its yield strategies.
“In five years,” says Silk, “we plan to have built out a robust ecosystem of DeFi modules, which was all detailed in our 9/30 roadmap release.” He refers to the company’s recent announcement of its multi year roadmap, which includes yield vaults, aggregators, perpetuals, options trading, and much more. “Our current AmpliFi ecosystem is just the beginning of this long-term vision,” he adds, “and we’re fortunate to be in a position to execute on it.”
Silk describes the current phase as the “bootstrapping” phase, where the company has offered what may be referred to as an MVP, and has begun compiling resources to move into the next phase of the roadmap. “Our first quantitative goal alongside building out this DeFi ecosystem will be acquiring 100,000 Ethereum validators,” Silk says. “With this, we’re positioned to become one of the leading providers of consensus and security for the Ethereum blockchain. As we expand into additional DeFi modules, we strive to reach a market capitalization exceeding $1B during the next bull run. This is ambitious, but we’re confident in the value we can provide to DeFi users and newcomers through our suite of DeFi offerings.”
Silk and his team believe that long-term success is driven by transparency, consistency, and most importantly a customer-first mindset. “This has been and will continue to be the north star for AmpliFi.” While entrepreneurship, like a startup, is rarely a smooth and linear process, setbacks are merely an opportunity for leaders to remain grounded in their vision, regardless of the peaks and valleys along the way. AmpliFi’s founders have proven this time and time again.
Advertising disclosure: We may receive compensation for some of the links in our stories. Thank you for supporting LA Weekly and our advertisers.