Ampleforth Announcements
447 subscribers
11 photos
626 links
Updates, news and insights from Ampleforth Protocol www.ampleforth.org

Ampleforth group : https://t.me/Ampleforth
Download Telegram
GM! Ampler

The second phase of Spot Bootstrap is finally here⚑ ⚑

Earn AMPL rewards while helping the SPOT ecosystem grow. To participate in the second phase of SPOT bootstrap:

Click on SPOT/USDC tab on the page below and Deposit USDC with the corresponding amount of SPOT into the contract.

https://bootstrap.spot.cash/stratosphere

Click on the LP tab after the deposit in step 1, then add stake your LP token.

Sit back and earn REWARDS πŸ’Έ πŸ’΅

https://x.com/ampleforthorg/status/1889431328518520913?s=46&t=KviP8ivBhD0H6BZu7uk9wg
πŸ”₯7πŸŽ‰1
Notice on upcoming reduction in Operation Bootstrap’s future rewards drip rate by 50%.

Context

Bootstrap was originally designed to inject growth into the ecosystem by driving new demand for SPOT through AMPL incentives. The current state of the market is uncertain and broadly risk-off. As such, the new-demand-driving impact of AMPL emissions is minimal while the cost of AMPL emissions remains high.

Rewards for the Bootstrap program will be reduced by 50% on Tuesday March 18, 2025 at 5pm PDT. It is recommended that bootstrap participants claim any outstanding rewards before that time to maximize their accruals before reduction takes place.
❀3
The Operation Bootstrap incentive program is coming to an end. Nothing changes with the SPOT protocol itself.

The initiative was launched to help kickstart liquidity for SPOT and create a strong on-ramp for new users into the Ampleforth ecosystem. However, the macro market environment has shifted greatly since the launch.

Thanks to all who participated in Bootstrap and we are looking forward to sharing what’s next!