The Ampleforth digital assets protocol announced the official launch of a new liquidity „Incentive Program“ on June 23rd. This program, called Bitcoin Up, is aimed at Uniswap 2.0 and is intended to allow users to stagger their Ample liquidity tokens (AMPL) to earn staking rewards.
According to the announcement, users will get Amples tokens based on the amount of liquidity provided and the duration of the user’s tokens are available. The company claims that the entire process is chain driven and non-custodial.
Ampleforth raises USD 5 million in 11 seconds on Tokinex’s exchange offer
Uniswap 2.0 orientation and current status of DeFi
Brandon Iles, co-founder of Ampleforth, told Cointelegraph that the Uniswap platform has had time to prove itself in a challenging environment, has a „well-developed“ developer ecosystem and tools such as pools.fyi and uniswap.info to showcase detailed mechanisms for end users and liquidity providers.
Ampleforth publishes an updated white paper for uncorrelated digital assets
I provided Cointelegraph with some insights into the current state of the DeFi ecosystem:
„It’s an exciting and troubling time for the DeFi. We are beginning to see emerging behavior from interactions between the basic components of DeFi that were not planned for when this space began, such as instantaneous borrowing and a dizzying variety of forms of ‚farm yield‘. (…) Our team fears that DeFi may become too dependent on faith in the debt markets.
Waves CEO: „Let’s not make a new ICO bubble with DeFI“
Latest posts from Ampleforth
In June 2019, Ampleforth raised $11 million in 11 seconds during its initial exchange offer. The protocol launched a white paper for its digital asset protocol on May 13, 2019, which was also shared with Cointelegraph.