Ames Peg Campaign Pool
Peg Campaign Pool
Ames Peg Campaign Pool. This is a special incentivized extinction pool that is meant to aid the campaign towards peg. It is a multi-token rewards pool that will only be activated discretionarily when below 1.01 TWAP
You can think of this pool as a way better version of bonds, since it not only controls circulating supply but also applies buy pressure on $AMES with every deposit.
How Peg?
In order to peg, there needs to be a supply contraction (already built in to the tomb fork model in the form of the printer stopping – aka no new $AMES is printed so circulating supply is controlled) and then at the same time there needs to be a demand driver to push the price of $AMES back to peg. This is where the Peg Campaign Pool comes in.
What Peg Pool?
It is only activated discretionarily when below 1.01 TWAP, and will more often than not have higher-than-normal yield APRs, in order to incentivize deposits. The deposits are in BUSD, half of which is used to buy $AMES and hold it in the contract.
Then, there is a scaling withdrawal fee that increases the lower the price of $AMES is from 1.01 TWAP. This incentivizes depositors to stay in the pool and support the Pegging Campaign (huehuehue) while at the same time still gaining yield.
Upon withdrawal, you are given back the dollar value of your initial deposit in the form of AMES-BUSD LP tokens. This means that there will be a lot more $AMES in the contract than necessary to pair with the BUSD if the withdrawal is made at or above 1.01 TWAP – thus acting as a supply control mechanism at the same time.
Peg Campaign Pool Mechanics
- No deposit cap
- Does not lock withdrawals (meaning you can still withdraw any time you want, but withdrawing below 1.01 TWAP incurs a fee)
- Deposits are disabled above 1.01 TWAP
- Rewards $AALTO + $ASHARE
- Gets some allocations from $ASHARE emissions (~20% when active, 0% when inactive)
- Only emits rewards below 1.01 TWAP
- Upon deposit, half of the BUSD is used to buy $AMES, and held in contract until withdraw
- Upon withdraw, the appropriate amount of $AMES is combined with BUSD to form AMES-BUSD LP and given to the withdrawer based on their initial deposit
- When withdrawing, the dollar value equivalent is given back to you based on your deposit
The Peg Campaign Strategy
Follow these easy steps to support the Peg Campaign and get the printer running again!
- Break AMES-BUSD LPs in the farms
- Place the AMES component in the Single Stake Ames vault
- Place the BUSD component in the Peg Campaign pool
- Chill and let the Single Stake Ames vault autocompounder do the work
- Collect rewards from the Peg Campaign pool in the meantime and swap some for more $AMES
About Ames.Defi
Ames Defi is BUSD pegged seigniorage stablecoin ecosystem running on the Binance Smart Chain.
The protocol’s underlying mechanisms are designed in a way to ensure a peg of AMES:BUSD is achieved, and once achieved, it is maintained to establish $Ames as a mirrored, liquid asset to $BUSD. Protocol accomplishes this by introducing unique economic and game-theory centric dynamics into the market through its three tokens. Ames.defi is a Unite Finance fork which is itself inspired by Tomb Finance.
