Ampleforth is synthetic commodity money. The market cap is $274,229,492 and the 24h volume is $9,255,972.
Ampleforth blockchain consensus is achieved via Gaser. Investors can leverage their crypto via staking. Currently there is 1 option to earn passive income and staking rewards with your Ampleforth investment as outlined below.
- How to stake AMPL?
To earn rewards on your AMPL you need to provide liquidity to the Uniswap ETH-AMPL pool. To do that you have to lock an equal $ equivalent of ETH and AMPL in Uniswap.
You will receive an LP token as a representative token. This LP token you can stake in the Ampleforth Geyser Interface.
- Is there any risk to stake AMPL?
Yes by adding liquidity to the Uniswap Pool you are exposed to the impermanent loss of the pool.
Furthermore, you are exposed to smart contract risks of Uniswap and the Ampleforth Geyser Staking Contracts.
Please make sure to study the risks in detail, before staking AMPL