Ampleforth Launches Liquidity Program to Target Uniswap 2.0

Published at: June 23, 2020

Digital asset protocol Ampleforth announced the official launch of a new “Liquidity Incentive Program' on June 23'. This program, named Geyser, targets Uniswap 2.0 and aims to enable users to stake their Ample liquidity tokens (AMPL) to earn staking rewards.

According to the announcement, users will earn Ample tokens based on the amount of liquidity provided and the duration the user’s tokens are available. The company claims that the entire process is on-chain and non-custodial.

Targeting Uniswap 2.0 and DeFi’s current status

Brandon Iles, co-founder of Ampleforth, told Cointelegraph that the Uniswap platform has had time to prove itself in an adversarial landscape, has a “well-developed” developer ecosystem, and tools like pools.fyi and uniswap.info to show detailed mechanics for end-users and liquidity providers.

Iles provided Cointelegraph with some thoughts on the current status of the DeFi ecosystem:

“It’s both an exciting and worrying time for DeFi. We’re starting to see emergent behavior from interactions between DeFi building blocks that were not planned for when this space was first beginning, like flash loans, and a dizzying variety of ways to ‘farm yield.’ (...) Our team worries that DeFi may become too dependent on the faith in debt markets.”

Latest announcements from Ampleforth

In June 2019, Ampleforth raised $11 million in 11 seconds during its initial exchange offering. The protocol released a white paper for its digital asset protocol on May 13, 2019, which was also shared with Cointelegraph.

Tags
Technology
Cryptocurrency Exchange
Cryptocurrencies
Tokens
Smart Contracts
Dapps
Related Posts
One exchange is trying to make debt tokenization a thing in crypto
An increasing number of mainstream financial activities have become blockchain integrated in line with the growing crypto segment. Now tokenized debt markets are entering the space as well. “CoinFLEX has created a new market for short-term commercial paper, enabling private companies to borrow USD and BTC unsecured for crypto trading purposes,” the company said in a public statement on Thursday. In traditional finance, corporate bonds act as a way for participants to give businesses funds in exchange for interest, as described on Investopedia. Investors receive their initial capital back at the expiration of the bond. The new offering from CoinFLEX …
Technology / Dec. 17, 2020
Report: Blockchain-related hacks have declined in 2020
The amount of cryptocurrency and blockchain-related hacks has been decreasing over the course of 2020, a new report claims. According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 dropped more than three times compared to the same period in 2019. The data is part of a report released by Atlas VPN on Oct. 28. According to Atlas VPN, 2019 was a record-breaking year for blockchain hackers that exploited 94 successful attacks in the first half of the year, while in H1 2020 there were 31. Per the report, 2019 as …
Technology / Nov. 2, 2020
Mark Cuban issues burn notice on offensive ENS domain
Someone sent Mark Cuban a profane Ethereum Name Service domain a few days ago. After observant Twitter users recently tracked down his ether address, it was only a matter of time before a wave of unwanted spam transactions made their way into his account. This is, after all, the internet. Here there be monsters. While it isn’t entirely clear what the presumed troll’s endgame was, the word was nonetheless offensive enough to raise some eyebrows at Cointelegraph, and we don’t intend to reprint it here. Suffice to say, a decent person would not want to be known as the owner …
Technology / Feb. 3, 2021
Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge
Major cryptocurrency exchange Binance plans to use a bridge between the Syscoin and Ethereum blockchains to move its Binance USD (BUSD) stablecoin between them. The bridge developed by Blockchain Foundry — the firm powering the Syscoin blockchain — will allow BUSD holders to move their tokens between the Ethereum and Syscoin blockchains. This will also make the stablecoin available on the Syscoin blockchain for the first time. Binance said, “Users can take advantage of Syscoin’s fast, scalable and low-cost transactions while also preserving the ability to leverage Ethereum’s smart contract functionality. Also help provide more use cases for BUSD holding …
Technology / July 23, 2020
How to avoid front runners on decentralized crypto exchanges
Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more. One issue, however, that has refused to subside is front-running. Unscrupulous players are still finding ways to defraud unsuspecting traders. If you have received less than expected when placing a trade on a DEX, there is a pretty good chance of you getting hit by front runners. These bad actors exploit the automated market maker (AMM) model to make profits at …
Technology / May 7, 2022