HomeCoinsAmpleforth (AMPL)AMPL Geyser V2 Launches with Universal Vault NFT | by Ampleforth |...

AMPL Geyser V2 Launches with Universal Vault NFT | by Ampleforth | Ampleforth Blog | Jul, 2021

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It’s been a little over a year since the launch of Ampleforth’s Geyser v1 program. Ampleforth’s liquidity mining program incentivized thousands of participants to stake across DEXes including Sushiswap, Uniswap, Balancer and Mooniswap, and played a major role in ushering in the DeFi boom that emerged during the Summer of 2020. The Geyser program went above and beyond existing programs by innovating the concept of reward multipliers and presenting a new option for rebasing tokens.

AMPL Geyser V2 Launches with Universal Vault NFT by

The release of the Geyser v2 program introduces a new and even more exciting standard: “universal vaults.” Universal Vaults are a type of composable NFT standard that provide an interface for locking and unlocking tokens. It offers the users of the vaults a non-custodial staking alternative. What does this mean? It means Universal Vaults allow users to increase their capital efficiency by allowing the possibility of subscribing their LP tokens across rewards programs.

You can read about how it was used in the Alchemist project in this article written by Senior Alchemist TheGoStep. If you want to take a deeper dive into what’s new in the Geyser V2 program and a more technical overview of the Universal Vaults take a look here (insert link). Or hop into bi-weekly office hours on the Ampleforth discord channel.

For the initial launch of v2 Geysers, all currently active Geysers will be continued, with approximately 661,000 AMPLs in new rewards provided across the following pools:

1. Pescadero v2
2. Trinity v2
3. Old Faithful v2
4. Beehive v4

Check out the v2 Geysers and Universal Vault now at https://geyser.ampleforth.org/



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