Participating in the Zeus kGeyser: How and Why

The Zeus kGeyser is one of two liquidity programs that will be used to distribute kMPL tokens to the community. Below is information about how and why to participate in the kGeyser.

Overview

What is kMPL?

KiloAmple (kMPL) is a multi-purpose asset, with a maximum supply of 51,000 tokens, developed by the AmpleSense DAO.

kMPL has a number of use cases and benefits including:

  • Governance: Shape the DAO’s Agenda
    kMPL holders will shape the DAO’s priorities, initiatives and activities via community voting. 
  • Air Drops: Benefit from Successful DAO-Funded Projects
    kMPL holders who vote on AmpleSense DAO initiatives will receive exclusive air drops of tokens from projects the DAO funds (if the project has a token).
  • Token Rewards: Wherever possible, DAO-initiated special projects will include opportunities for kMPL holders to earn token rewards in exchange for providing services such as additional governance.
  • Finance: kMPL Elastic Vaults Featuring Ample
    The AmpleSense DAO will develop “elastic vaults” that provide depositors with the opportunity to earn from various yield farming and liquidity mining programs featuring Ample (and other select elastic assets). kMPL holders will earn fees from elastic vaults.
  • Borrowing: kMPL-Backed Ample Loans
    The AmpleSense DAO will launch a special lending platform where kMPL holders will be able to borrow other assets, including Ample, by collateralizing kMPL.

Why Participate in the kGeyser Program?

The AmpleSense DAO is distributing 73% of the total 50,000 kMPL supply to the community via the Zeus and Apollo kGeysers.

The kGeysers provide the community with the opportunity to access a token that will help them shape the future of the Ampleforth protocol and elastic finance, and receive a number of benefits from projects initiated by the DAO.

How does kMPL compare to other governance tokens?

kMPL is more similar to YFI (yearn.finance) in terms of how it will be embedded into a range of DAO-funded initiatives (and generate token rewards for holders) versus a token like UNI, which is mainly designed to aid governance of one protocol (i.e., Uniswap).

About the kGeyser Liquidity Programs

As mentioned above, 73% of the kMPL supply will be distributed via two liquidity mining programs:

  • Zeus: AMPL/ETH liquidity providers will deposit Uniswap v2 liquidity tokens into the kGeyser contract. All those staking their liquidity tokens will receive kMPL. All stakers will receive a bonus multiplier on their kMPL reward earnings. This multiplier will begin at 1x and increase to a maximum of 5x after 14 days of staking. The duration of the Zeus liquidity mining program will be 90 days, meaning this is when we expect kMPL (23,725 kMPL) in the Zeus kGeyser to be fully distributed. 
  • Apollo: We will hold a community vote, using the AmpleSense DAO voting dapp, after Zeus’s launch to determine which token will be paired with kMPL (on Uniswap). (Community members will be able to vote using Ample tokens). After the token is selected by the community, the Apollo kGeyser will launch. This program:
    • Will have a 120 day duration (12,775 kMPL will be distributed)
    • Feature a maximum multiplier bonus of 3x

The Rebase Bonus

Both the Zeus and Apollo kGeysers feature a Rebase Bonus. We have allocated a special pool of kMPL that will be distributed to Zeus and Apollo stakers daily until it is exhausted. Here’s how the Rebase Bonus works:

  • Each day at 02:30 UTC, kMPL from a bonus pool is distributed to stakers
  • The base bonus is .5% of the bonus pool during positive rebases
  • The bonus is 1% of the bonus pool during negative rebases

kMPL from the bonus pool will be manually distributed by community members who will click a “Rebase Bonus” button on the kGeyser interface.

Note: The rebase bonus does not accumulate automatically, the button must be pressed once every 24 hours. All bonus tokens are distributed to stakers at once.

How to Access the kGeyser

The Zeus kGeyser has officially launched. Please CLICK HERE to begin earning kMPL.

The Apollo kGeyser will launch after a community vote on which token will be paired with kMPL. This vote will be scheduled sometime during the week of November 9.

Contract Audits

The kGeyser contract is a fork of the existing Ampleforth-developed Geyser contract, which was audited by CertiK.

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  1. Fantastic, exciting times ahead. Will you use an interface like the geyser one, or one kinda like sushiswap, etc? Also, is there any plans on maybe waiting for some more days just in case Geyser v.3 is announced? It would be hard to compete to the FOMO for that,so maybe is wise to wait for like a week for it? Because people would want to stake their Uni LPs in Geyser v3 first… Not sure, just thinking out loud.

      1. We’re using caching on this site to improve performance, so sometimes it causes glitches in notification. we’ll keep an eye out to see whether this happens again.

    1. If you’d like, but yes, they are separate smart contracts, so if you’d like to participate with the same liquidity tokens, you’ll have to move over.

  2. For the bonus. The action of pressing the button distributes the bonus among all the stakers, or every staker should press the button for his bonus every 24 hours?

  3. Hi, How do I check the amount of liquidity tokens that I have staked, and can they be withdrawn at any time?

    1. The amount you have staked is right at the top of the site (next to the AMPL/ETH section). It says XX AMPL/ETH Liquidity tokens deposited.

      You can withdraw your stake at any time.

      1. Thank you. I understand that. But that was not my question. I had 0,16 kmpl earned, and then started to go down the counter until 0,04. How can that be possible? Maybe the system was not accurate enough at the beginning?

      2. But the value of rewards earned to date is an accumulated value. It cannot go down. And for my case it went down from 0,16 to 0,04

  4. The button “Withdraw liquidity tokens, kMPL rewards” does not work in my case (I’ve checked only for tests). How come? Is it because i have just earned only 0.02 kMPL or what?

    1. There was an earlier issue reported with withdrawals of very low liquidity token amounts (many decimals). That issue was addressed, but the amount you have put in the pool may be lower than the threshold we set in the UI.

      If you’re still having trouble, type in the number of liquidity tokens (all numbers and decimals) into the box above the withdrawal area and your withdrawal should process.

      Or click the 100% option and the number should auto-populate.

        1. Your suggestion helped me to find an issue. Thank you. I think it is a problem with rounding of the last displayed value in amount AMPL/ETH staked. When I typed the amount which was displayed in AMPL/ETH staked it did not work but when I have decremented less significant digit of amount AMPL/ETH staked then it worked (max button did not help in this situation).
          Example: When you type X.XXXXXXX3 and want to withdraw it -> it does not work.
          When you type X.XXXXXXX2 -> it will work
          X – no matter what digit is

          1. Example applies to situation when your amount of tokens is probably X.XXXXXXX2Y (Y>5) and your app rounds it to X.XXXXXXX3

          2. Thank you. We’re going to run an update where we address that issue. If I recall this was also a problem people encountered with the Ampleforth Geyser due to low LP token amounts. Lots of digits. 🙂

  5. Hi, in the details above it states : “kMPL from the bonus pool will be manually distributed by community members who will click a “Rebase Bonus” button on the kGeyser interface.” My Question is : where is the Rebase Bonus button on the interface? I can’t seem to find it. Has anybody seen this button? Thanks