Coming Soon: The World's First Elastic Vault
Earn yield on your AMPL
Hedge against negative AMPL rebases
Elastic Vaults: The Basics
What Are Elastic Vaults?
Vaults (such as those developed by Yearn Finance and Harvest Finance) are applications that help users earn yield on their crypto assets in a variety of ways.
Elastic vaults (an innovation developed by the AmpleSense DAO) will allow holders of rebasing tokens like Ampleforth to earn yield.
But, unlike existing vaults featuring rebase tokens, elastic vaults will leverage the Ampleforth rebase — rather than ignore or disable it.
How will the First Elastic Vault Work?
Our first elastic vault will work as follows:
- Deposit AMPL: Start earning yield on your AMPL with one click
- Leverage the Rebase: The vault will emit rewards to stakers when AMPL is in negative rebase or equilibrium (no rebase)
- This will allow vault users to hedge against negative rebases and generate yield when the Ampleforth protocol is at equilibrium
- Benefit from a Deflationary Crypto Asset: Supply of vault-emitted (standard ERC20) tokens on the market will decline during Ampleforth expansion cycles (positive rebases)
yield Farming for Rebase — Made Easy
Spread the Word, Win a Zeus Pioneer NFT
The AmpleSense DAO has developed custom-designed NFTs: Zeus Pioneer tokens.
Holders will be able to stake these NFTs into our Pioneer Fund I vault to receive ongoing ETH rewards.
We’re running a giveaway until April 15, 2021 where you’ll have a chance to win 1 of 2 Zeus NFTs.
To enter the giveaway, share our elastic vault teaser tweet and tag three other people on Twitter.