- 365 days
Ampleforth describes itself as smart commodity money. It is chain-agnostic and reportedly less-correlated to Bitcoin and other digital assets.
The AMPL is a digital asset, like Bitcoin, but with a supply that adjusts every day according to demand in the marketplace.
Ampleforth Geysers are smart faucets that incentivize on-chain liquidity. Users receive AMPL for providing liquidity on automated market making platforms (AMMs) like uniswap. The more liquidity you provide, and for longer, the greater share of the AMPL pool you receive.
The AMPL Geyser distributes AMPL tokens from the ecosystem fund to those who provide liquidity on Uniswap V2. The more liquidity you provide, and for longer, the greater share of the AMPL pool you receive.
The AMPL pool in the Geyser unlocks gradually over time, and stakers receive share over the unlocked AMPL over time.
That's it! Once you've deposited staking tokens, you can check your current stake and reward amounts using the Geyser interface. You can add more staked liquidity whenever you want and there is no minimum lockup period. You receive your share of the Geyser pool when you unstake.
The Geyser is meant to incentivize long-term liquidity providers. While there are no hard lockups for staking, there is a benefit to keeping your staked position longer.
When you begin staking, you begin at a 1X bonus multiplier on your reward earnings. This multiplier increases throughout the trial period, to a maximum of 3X after two months. An easy way to think about it is: each additional month you hold, you receive 'an extra X' on your multiplier, up to a maximum of 3X. For example, holding for an entire month gives you a 2X multiplier, and holding for two months, a 3X multiplier.
If you withdraw half-way through month 2 (after 6 weeks), you would get half-way between 2X and 3X--it's a simple linear function.
Each individual stake amount marks the beginning of it's own period. So if you stake two times then withdraw, the first stake and the second stake may have different bonus amounts. Withdrawn stakes always start with the newest staked tokens.
If this sounds complicated, there are really just two things to keep in mind:
1. Try to keep stakes for at least 8 weeks.
2. The Geyser interface always shows your current stake amount and reward balance.