About the Elastic Vault
Vaults (such as those developed by Yearn Finance are applications that help users earn yield on their crypto assets in a variety of ways.
The Elastic Vault (an innovation developed by the AmpleSense DAO) allows holders of Ampleforth to earn yield.
The Elastic Vault works as follows:
- Deposit AMPL: Earn yield on your AMPL with one click
- Leverage the Rebase: The vault will emit EEFI rewards to stakers when AMPL is in negative rebase or equilibrium (no rebase). This will allow vault users to hedge against negative rebases and generate yield when the Ampleforth protocol is at equilibrium
- Benefit from a Deflationary Crypto Asset: Supply of vault reward tokens (EEFI) on the market declines during Ampleforth expansion cycles (positive rebases)
View an infographic summarizing the Elastic Vault below.
Read the Quick Start guide to learn how to use the vault.