{"id":"eris-protocol","title":"Eris Protocol","content":"**Eris Protocol** is a [decentralized finance ](https://iq.wiki/wiki/defi)(DeFi) protocol that functions as a yield optimizer and [liquid staking](https://iq.wiki/wiki/liquid-staking) provider, operating primarily within the Cosmos ecosystem. The protocol focuses on providing users with auto-compounded yields on their digital assets, with a significant presence on both the [Terra](https://iq.wiki/wiki/terra) and [Terra Classic](https://iq.wiki/wiki/terraclassicusd-ustc) blockchains.\n\n## Overview\n\nEris Protocol aims to simplify and enhance yield generation for users by offering a suite of [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps). Its core mission is to \"expand the limits of what is possible with yield\" by providing services for liquid staking, automated compounding, and advanced yield strategies. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk). The protocol's main value propositions include allowing users to maintain the liquidity of their [staked](https://iq.wiki/wiki/staking) assets, maximizing returns through automated reward reinvestment, and abstracting the complexity of validator selection through a curated management system. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\nA defining characteristic of the project is its dual-chain presence following the de-peg of [Terra](https://iq.wiki/wiki/terra)'s UST stablecoin and subsequent chain-split in May 2022. Eris Protocol continued its operations on the original chain, which was rebranded as [Terra](https://iq.wiki/wiki/terra) Classic, while also deploying its services on the new [Terra](https://iq.wiki/wiki/terra) blockchain. This demonstrates its resilience and commitment to the [Terra](https://iq.wiki/wiki/terra) ecosystem. The protocol is also described as a \"Slow-burn [Arbitrage](https://iq.wiki/wiki/arbitrage) Protocol,\" indicating a focus on strategies that may leverage price discrepancies to contribute to the token burn mechanisms of its host chains, such as the LUNC burn tax on Terra Classic. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\nEris Protocol positions itself as a community-oriented project, stating that it is \"fully self funded\" with no backing from venture capital (VC). This model supports its tagline of being built \"By the community for the community.\" [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6). The project's smart contracts are open-source and available for public review on its official GitHub repository. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n## History\n\nThe project's public presence was established around April 2022, the month its official account on the social media platform X (formerly Twitter) was created. [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn). Having been active prior to the [Terra](https://iq.wiki/wiki/terra) ecosystem's major disruption in May 2022, Eris Protocol is one of the projects that navigated the subsequent chain split. It maintained its dApps on the original [Terra](https://iq.wiki/wiki/terra) chain (Terra Classic) and simultaneously launched on the new Terra (Phoenix) chain. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\nIn late 2025 and early 2026, the protocol announced several key developments. On December 22, 2025, Eris Protocol revealed a strategic partnership with Creda Finance as part of a campaign called the \"Phoenix Directive.\" This collaboration was aimed at improving DeFi composability and capital efficiency on the [Terra](https://iq.wiki/wiki/terra) network. Eris Protocol stated at the time, \"This collaboration brings deeper composability and capital efficiency to the [Terra](https://iq.wiki/wiki/terra) DeFi ecosystem.\" [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn).\n\nFollowing this, on January 5, 2026, the \"[Terra](https://iq.wiki/wiki/terra) Portfolio Tracker,\" developed by Phoenix Directive, was launched with integrated support for Eris Protocol positions. This allowed users to track their holdings of Eris's liquid staking tokens, including `ampLUNA`, and their amplified yield positions. [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn). Later that month, on January 17, 2026, the protocol received positive commentary from external observers, with one account noting it was \"going from strength to strength\" and offered \"arguably some of the best yields available right now\" in the Cosmos ecosystem on [Terra](https://iq.wiki/wiki/terra). [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn).\n\n## Technology and Products\n\nEris Protocol offers a suite of interconnected DeFi products designed to generate, manage, and optimize yield from staked assets.\n\n### Liquid Staking (Amplifier)\n\nAmplifier is the protocol's core [liquid](https://iq.wiki/wiki/liquid) [staking](https://iq.wiki/wiki/staking) and auto-compounding product. It allows users to stake native proof-of-stake (PoS) tokens, such as LUNA or [ATOM](https://iq.wiki/wiki/atom), and receive a [liquid](https://iq.wiki/wiki/liquid) receipt token in return. This receipt token, known as a [Liquid](https://iq.wiki/wiki/liquid) [Staking](https://iq.wiki/wiki/staking) Derivative ([LSD](https://iq.wiki/wiki/lsd)) or [Liquid](https://iq.wiki/wiki/liquid) [Staking](https://iq.wiki/wiki/staking) Token (LST), represents the user's staked principal plus accruing rewards. An example of this is `ampLUNA`, which is issued for staked LUNA. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\nThe key mechanism of Amplifier is its auto-compounding feature. The protocol automatically harvests staking rewards and reinvests them into the underlying staked position. This causes the value of the `amp` token to continuously increase relative to the underlying asset. This process is designed to generate a higher APY than manual claiming and re-staking and aims to be more tax-efficient by potentially minimizing taxable events associated with reward claims. The `amp` tokens remain fully liquid, meaning they are transferable, tradable on decentralized exchanges, and can be used as collateral in other DeFi protocols, all while continuing to earn staking rewards. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6) [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n### Advanced Yield Strategies\n\nEris Protocol provides several tools that allow users to implement more complex yield strategies beyond simple liquid staking.\n\n#### Amp Extractor (Yield Splitting)\n\nThe Amp Extractor product enables the practice of yield splitting. This feature allows users to take a yield-bearing asset, such as an `amp` token, and separate it into its two core components: a Principal Token (PT) and a Yield Token (YT). The PT represents the underlying principal of the asset, redeemable at a 1:1 ratio upon maturity, while the YT represents the future yield that the asset is expected to generate over a specific period. This splitting mechanism allows for advanced strategies, such as creating fixed-yield products by selling the YT, or speculating on future staking reward fluctuations by trading YTs. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n#### Amp Compounder\n\nAmp Compounder consists of a set of auto-compounding vaults designed to automate the process of maximizing yield for various assets, not limited to Eris's own LSTs. Users can deposit different types of yield-bearing assets into these vaults, which then automatically execute a strategy of harvesting rewards and reinvesting them. This service saves users from the manual effort and transaction fees associated with frequent compounding, thereby increasing their effective APY. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n#### Amp-Z\n\nAmp-Z is described as a product for advanced yield strategies that gives users more granular control. According to the protocol, it provides an environment to \"mix and match strategies to fit your risk profile and goals, from passive compounding to active leverage management.\" The stated goals for Amp-Z are to deliver \"More composability. More efficiency. More control\" to DeFi users. [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn). While available on the [Terra](https://iq.wiki/wiki/terra) chain, specific technical details of its mechanism are not fully elaborated in introductory materials. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\n### Arbitrage and Liquidity\n\nThe protocol features tools specifically designed for arbitrage and for incentivizing network liquidity.\n\n#### Arbitrage Tools (Arb Vault & Manual Arb)\n\nEris Protocol operates as a \"Slow-burn [Arbitrage](https://iq.wiki/wiki/arbitrage) Protocol,\" offering an Arb Vault and a manual [arbitrage](https://iq.wiki/wiki/arbitrage) tool. These products are designed to execute \"slow burn [arbitrage](https://iq.wiki/wiki/arbitrage)\" strategies. This suggests that the tools facilitate [arbitrage](https://iq.wiki/wiki/arbitrage) opportunities that may be specifically designed to leverage price discrepancies in a way that contributes to a token-burning mechanism on the host chain. This is particularly relevant to the [Terra](https://iq.wiki/wiki/terra) Classic chain and its LUNC token burn tax. The Arb Vault automates this process. These tools are available on the Terra and Osmosis blockchains. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6) [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n#### Liquidity Hub\n\nThe Liquidity Hub is a system for incentivizing liquidity on the protocol, deployed on the [Terra](https://iq.wiki/wiki/terra) blockchain. It utilizes a `ve(3,3)` tokenomics model, which is a design inspired by the Solidly decentralized exchange. This model is engineered to manage token emissions and reward long-term liquidity providers by allowing them to lock governance tokens in exchange for increased rewards and voting power over where incentives are directed. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\n#### Alliance Liquidity Hub\n\nThis product serves as an interface for interacting with the \"Alliance\" module, a Cosmos-SDK feature pioneered by the [Terra](https://iq.wiki/wiki/terra) blockchain. The Alliance module allows different blockchains to form economic alliances, enabling the assets of one chain to be staked to help secure another. Through the Alliance Liquidity Hub, users can stake assets to earn rewards while simultaneously contributing to the economic security of multiple interconnected blockchains within the [Terra](https://iq.wiki/wiki/terra) Alliance. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n## Governance\n\nEris Protocol employs a distributed governance model that empowers holders of its liquid staking (`amp`) tokens. Holders of these tokens can vote to influence the protocol's delegation strategy for the underlying assets. Specifically, they can vote on how the protocol allocates the staked PoS tokens among its curated list of network validators for a given blockchain. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\nThis governance functionality is supported across several chains within the Cosmos ecosystem, including:\n\n* [Terra](https://iq.wiki/wiki/terra)\n* Juno\n* Kujira\n* Osmosis\n* Injective\n* Archway\n* [Sei](https://iq.wiki/wiki/sei)\n* Nibiru\n\nThe documentation also refers to an \"Amp Governance\" product, which suggests the potential existence of a native governance token used for voting on protocol-wide proposals, treasury management, and future development, though the primary described mechanism centers on `amp` token holders influencing validator choice. [\\[1\\]](#cite-id-bnidlu3cS8NhX5Dk).\n\n## Validator Management\n\nTo simplify the staking experience for users, Eris Protocol abstracts the process of validator selection. Instead of requiring users to choose individual validators, the protocol manages a curated pool of high-quality validators to which it delegates the staked assets. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\nThe protocol's team vets validators based on a set of public criteria, which include:\n\n* **Community Involvement:** Active participation and support within their respective blockchain communities.\n* **Products and Infrastructure:** The quality and reliability of the infrastructure they provide to the network.\n* **Commission Rates:** The fees they charge for their staking services.\n* **Decentralization Contributions:** Their role in promoting the decentralization of the network.\n* **Governance Participation and Uptime:** A consistent record of voting on governance proposals and maintaining high server uptime. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\n## Ecosystem and Partnerships\n\nEris Protocol is deeply integrated within the Cosmos ecosystem, with a particular focus on the [Terra](https://iq.wiki/wiki/terra) and Terra Classic networks.\n\n### Supported Blockchains\n\nThe protocol offers its services, in varying capacities, across multiple sovereign blockchains. These include [Terra](https://iq.wiki/wiki/terra), Terra Classic, Osmosis, Juno, Kujira, Injective, Archway, [Sei](https://iq.wiki/wiki/sei), and Nibiru. Product availability differs from chain to chain. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).\n\n### Strategic Partnerships and Integrations\n\n* Creda Finance: In December 2025, Eris Protocol announced a strategic partnership with Creda Finance, a fellow project on the [Terra](https://iq.wiki/wiki/terra) blockchain. The collaboration's stated goal is to enhance capital efficiency and create deeper composability between DeFi applications on [Terra](https://iq.wiki/wiki/terra). [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn).\n* Phoenix Directive: Eris Protocol is closely associated with the Phoenix Directive, a campaign or entity within the [Terra](https://iq.wiki/wiki/terra) ecosystem. The protocol participated in the campaign leading up to its partnership with Creda Finance and is integrated into the Phoenix Directive's [Terra](https://iq.wiki/wiki/terra) Portfolio Tracker, which launched in January 2026. [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn).\n* Astroport: Eris Protocol exists within the same DeFi landscape as Astroport, a major decentralized exchange on [Terra](https://iq.wiki/wiki/terra). Social media activity indicates interplay between the two, likely involving the creation and incentivization of liquidity pools for Eris's `amp` tokens on the exchange. [\\[3\\]](#cite-id-R6mLM7UlxgiNMRTn).\n\n## Security\n\nEris Protocol states that it has undergone third-party security audits to ensure the integrity and safety of its [smart contracts](https://iq.wiki/wiki/smart-contract). The full audit reports are made available on the protocol's website. The audits were conducted by the blockchain security firms SCV-Security and Oak Security. [\\[2\\]](#cite-id-qhX6XfuwaHa0LpB6).","summary":"Eris Protocol is a Cosmos yield optimizer offering liquid staking and auto-compounding on blockchains like Terra and Terra Classic. Its core product, Amplifier, provides users with liquid staking derivatives to maximize yield within the Cosmos ecosystem.","images":[{"id":"QmXbKAkSigBeZawrSHCGyNtzpbLFvWSjB7g5V3UydSTAg8","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"defi"}],"tags":[{"id":"Protocols"},{"id":"Developers"},{"id":"Blockchains"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"bnidlu3cS8NhX5Dk\",\n    \"url\": \"https://docs.erisprotocol.com/\",\n    \"description\": \"Eris Protocol documentation overview\",\n    \"timestamp\": 1770899777052\n  },\n  {\n    \"id\": \"qhX6XfuwaHa0LpB6\",\n    \"url\": \"https://www.erisprotocol.com/\",\n    \"description\": \"Eris Protocol main website\",\n    \"timestamp\": 1770899777052\n  },\n  {\n    \"id\": \"R6mLM7UlxgiNMRTn\",\n    \"url\": \"https://x.com/eris\\\\_protocol\",\n    \"description\": \"Official Eris Protocol X account profile\",\n    \"timestamp\": 1770899777052\n  }\n]"},{"id":"website","value":"https://www.erisprotocol.com/"},{"id":"twitter_profile","value":"https://x.com/eris_protocol"},{"id":"telegram_profile","value":"https://t.me/eris_protocol"},{"id":"github_profile","value":"https://github.com/erisprotocol"},{"id":"references","value":"https://docs.erisprotocol.com/"},{"id":"commit-message","value":"\"Added Eris Protocol page and DeFi category\""}],"events":[{"id":"6f1d9415-cda5-461b-ba13-babeb97f3a30","date":"2022-04","title":"Eris Protocol Founded","type":"CREATED","description":"Eris Protocol was established, with its official X (formerly Twitter) account being created in April 2022, marking its entry into the DeFi space.","link":"https://x.com/eris_protocol","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"9915122a-0162-497f-aaa5-deda3d92f755","date":"2025-12","title":"Partnership with Creda Finance","type":"DEFAULT","description":"Announced a strategic partnership with Creda Finance to enhance composability and capital efficiency within the Terra DeFi ecosystem.","link":"https://x.com/eris_protocol","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"d2b02fa1-d0ba-424f-ba32-ffb51b13f66a","date":"2026-01","title":"Integration with Phoenix Directive Tracker","type":"DEFAULT","description":"The Terra Portfolio Tracker, launched by Phoenix Directive, included support for tracking Eris Protocol positions like ampLUNA and amplified yields.","link":"https://x.com/eris_protocol","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["terra-luna","juno-network","kujira","injective-protocol","nibiru-chain"],"founders":["anon"],"speakers":[]}}