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May 2024

tl;dr​

  • Hired 2 more devs to help accelerate finishing up
  • Developed GTM strategy, preparing for execution

Development​

Hiring​

We hired two engineers, one front end and one back end. We will now have 6 engineers excluding myself.

Contracts​

It has been a pleasure to see the team that we have grown into continue to come together and become what will be a power house of DeFi development. I have been working mostly alone on development of the theory of Ammalgam for years. Now we have two deep mathematical minds on the team breaking down my big ideas into smaller concepts that can be easily understood and coded. This has been a breath of fresh air. I feel confident in saying we have successfully transitioned two front-end engineers to making meaningful contributions to our contracts.

Our goal was to be code complete by the end of June. This month we focused on getting a clear comprehensive list of everything left to be done and grooming that work. The completion goal still felt like it was a stretch and decided to keep the goal, but also to delay audit timeline. Our goal is to keep working hard to wrap up the code and we keep getting better each month improving how the team effectively operates and handling the complexity and security considerations that goes into what we are building.

Business​

Go-to-Market Strategy:

  • Defined go-to-market strategy with a strong focus on organic community building and aligning community and protocol incentives.
    • Reviewed strategy with several investors and legal counsel, iterated accordingly.
  • Continue to meet with questing partners (e.g., Layer3, Galxe), PR Agencies and Web 3.0 Marketing Firms.
  • Building a network of Ammalgam contractors including collaboration managers, community builders, content creators, etc. to execute once we hit the “go” button.

ETH CC

The Ammalgam team will be attending ETH CC in Belgium in early July. We want to optimize for connecting with investors, ecosystem partners, builders, users, etc. Please let us know if you’ll be attending or have connections you think we should meet!