KiloAmple (kMPL – View the kMPL contract) is a multi-purpose asset developed by the independent, community powered AmpleSense DAO that will:

  • Help fuel DAO operations
  • Support products, services and initiatives that will grow the elastic finance ecosystem
  • Enable holders to shape the direction and priorities of the DAO via governance

kMPL Use Cases: From Governance to Lending and Beyond​

  • Governance: Shape the DAO’s Agenda
    kMPL holders will shape the DAO’s priorities, initiatives and activities via community voting. 
  • Air Drops: Benefit from Successful DAO-Funded Projects
    kMPL holders who vote on AmpleSense DAO initiatives will receive exclusive air drops of tokens from projects the DAO funds (if the project has a token). (Learn about the Pioneer Fund)
  • Token Rewards: DAO-initiated special projects will include opportunities for kMPL holders to earn token rewards in exchange for providing services such as additional governance. (Learn about the Pioneer Fund)
  • Finance: kMPL Elastic Vaults Featuring Ample
    The AmpleSense DAO will develop “elastic vaults” that provide depositors with the opportunity to earn from various yield farming and liquidity mining programs featuring Ample (and other select elastic assets). kMPL holders will earn fees from elastic vaults.
  • Borrowing: kMPL-Backed Ample Loans
    When kMPL matures (from a liquidity perspective) AmpleSense DAO may launch a special lending platform where kMPL holders will be able to borrow other assets, including Ample, by collateralizing kMPL.

Key Questions About kMPL

kMPL is a unique multi-purpose cryptocurrency that will help the AmpleSense DAO deliver multiple benefits to the elastic finance ecosystem.

Here are a few questions you may have about kMPL and its various use cases.

Why Launch kMPL?

The DAO is launching kMPL to help it achieve its primary mission: Support products, services, education and applications that help Ample (and select other elastic cryptos) become widely-used and in-demand asset. kMPL tokens in the DAO’s Treasury will be used to support development of these solutions. Most importantly, kMPL will be granted to teams creating applications featuring Ample and other elastic assets and the DAO will undertake its own product development initiatives.

How Does the kMPL Treasury Differ from the Ampleforth Ecosystem Fund?

Both the AmpleSense DAO and the Ampleforth core development team are dedicated to expanding the Ample and elastic finance ecosystem. The key difference with the DAO is that the focus will be on community-demanded products and services across a range of elastic finance-focused use cases, while the core development team may have a narrower set of priorities, execution time frames and areas of focus. However, the DAO may collaborate with the core team on certain initiatives and undertakes its own activities as guided by community votes.

Can the kMPL Token Be Used in DAO Governance?

Yes. kMPL token holders will be able to use the token to vote on the types of initiatives should be funded by the DAO. These important votes from kMPL holders will shape what projects the DAO leadership executes on. Note: AmpleSense governance does not extend to decision-making at the protocol level for Ample or other elastic assets the not developed (or managed) by the DAO.

How Will kMPL Be Distributed?

About 93% of kMPL will be distributed via DAO kGeysers (and the DAO Treasury for projects, applications and initiatives related to the DAO’s mission).

Will Having two Tokens, Ample and KMPL, Confuse the Community?

The purposes of kMPL and AMPL are very different. kMPL will help fuel DAO operations, drive DAO decison-making and allow the community to benefit directly from DAO activities. Ample is a base money asset designed to be used widely across decentralized and elastic finance. kMPL will be used to expand the reach and impact of Ample’s and other select elastic assets.

Does kMPL Deliver Other Benefits to Holders?

Yes, as outlined above, kMPL holders (who actively vote on DAO initiatives) will receive token air drops from supported projects. Holders can also choose to receive a portion of earnings from DAO-developed “Elastic Vaults”, lending platforms and other activities. (Learn about the Pioneer Fund, which will deliver token rewards to kMPL holders generated by DAO activities.)

Can Additional kMPL Be Minted?

No. The maximum supply of kMPL is 51,000 tokens. No additional tokens can be minted.

Can kMPL Transfers Be Frozen By the DAO?

No. The kMPL token is fully decentralized and is not controlled by the DAO. This means the DAO has no ability to freeze transfers or block wallets or individuals from making transactions utilizing kMPL.

How Does kMPL Compare to Other Governance Tokens?

kMPL is similar to YFI (yearn.finance) in terms of how it will be embedded into a range of DAO-funded initiatives and generate token rewards for holders.
Tokens like UNI, which are designed to aid governance of one protocol (e.g., Uniswap), are very different from kMPL in function and design.

Does kMPL Rebase?

kMPL is a standard ERC-20 token. It does not rebase.

Where Can I Buy kMPL?

Buy kMPL on Uniswap by clicking here.

kMPL Distribution​

The AmpleSense DAO has launched two kGeyser programs, Zeus and Apollo.

  • Zeus: AMPL/ETH liquidity providers can earn kMPL
  • Apollo: kMPL/ETH liquidity providers also earn kMPL

kGeysers feature a rebase bonus. Each day at 02:30 UTC, kMPL from a bonus pool is distributed to stakers. The base bonus is ~.6% of the bonus pool, which doubles during Ample’s negative rebase periods. 

More than 93 percent of the 51,000 kMPL supply will be distributed/used to benefit the community via:

  • The Zeus and Apollo kGeyser programs (~36,500 kMPL)
  • The AmpleSense DAO Treasury (10,000 kMPL)

*DAO Founder’s shares vest over a 12-month period  (via the Sablier dapp).

kMPL Roadmap

Note: Roadmap shown below is subject to change based on DAO governance and market events.