Yield Farming with Ampleforth

It’s been more than a month since Ampleforth released their Geyser program but with the price currently looking like it’s heading back to $1, now may be the time to look into getting back in.

The “Geyser” is a reward for those that provide liquidity on the Uniswap Pair (50/50 ETH and AMPL) https://uniswap.info/pair/0xc5be99a02c6857f9eac67bbce58df5572498f40c

To participate in Geyser, you’ll need to do these steps:

  1. Get $AMPL, you can do so by going to : https://app.uniswap.org/#/swap?inputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&outputCurrency=0xd46ba6d942050d489dbd938a2c909a5d5039a161 and unlocking your ETH and Swapping

  1. With an equal amount of ETH, go to https://app.uniswap.org/#/add/ETH/0xD46bA6D942050d489DBd938a2C909A5d5039A161 and click on Add Liquidity. Tip: You can select the max amount of AMPL you have and the equivalent amount of ETH wil be updated.
  2. After adding liquidity, you will receive UNI-V2 LP Tokens, these are the tokens that represent your share of the liquidity pool. The transaction will look like this:

  1. With the Uniswap V2 (UNI-V2) LP Tokens, you can go to https://www.ampleforth.org/geyser/ and click deposit, you’ll need to allow the spending of the UNI-V2 LP Token first and then you can deposit it.

  1. As you can see, they will show you the additional AMPL rewards that you can get per month, the current APY is 208.45%, this does not include rebases.
  2. Rebases = if the price of $AMPL is more than $1, you will receive more $AMPL tokens, if the price of $AMPL is below $1, you will lose $AMPL tokens.
  3. The longer you keep your AMPL in Geyser, the higher your rewards multiple will be. It increases by 10% every 3 days, so after the first month it will be 2x.
  4. To withdraw your UNI-V2 LP, just click on withdraw and you can input the amount you wish to withdraw and withdraw it

  1. To remove liquidity, go to https://app.uniswap.org/#/pool. If you have removed it from Geyser, your AMPL/ETH pool should show up under “Your Liquidity”, you can then remove it.
  2. After removing liquidity, you can sell your $AMPL back to ETH or you can continue holding it, whichever you like!
  3. Read more here : https://www.ampltalk.org/app/forum/ampl-geyser-19/topic/about-the-geyser-21/