Ampleforth Continues to Have the Largest Uniswap Liquidity Pool, Greater Than Ethereum

Ampleforth Continues to Have the Largest Uniswap Liquidity Pool, Greater Than Ethereum

By Abhimanyu Krishnan | News | 13 Jul 2020


Ampleforth (AMPL) continues to have the largest liquidity pool on Uniswap V2 at $10.1 million in daily volume, putting it considerably ahead of other assets, including Ethereum (ETH) and Tether (USDT). Roughly 2.5 million AMPLs have been locked in on Uniswap, as the asset experiences an increase in pooling that began on June 22. The team also announced that it had crossed over $7.5 million in deposits in its staking program Geyser on July 10.

The liquidity pair has seen $14 million in volume over the last 24 hours with $43,000 in fees generated. Following AMPL are USDC-ETH and DAI-ETH pairs, which respectively have $6.1 million and $4.8 million liquidity pool sizes. 

The Ampleforth asset is described by its team as improving upon the Bitcoin model, with the asset having the multi-faceted capabilities of serving as reserve collateral in decentralized banks, being an alternative to central bank currencies and offering reliable diversification. Ampleforth also features a unique equilibrium formula such that investors maintain the same amount of ownership all the time while the supply change occurs daily, depending on demand. 

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Source

The team recently released the Geyser liquidity rewards program, which lets users a portion of network fees for supplying AMPL liquidity. AMPL reached an all-time high value of $4.03 on July 13, before sharply dropping to $2 levels a few hours later.


Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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