- STAMPL+70Positive
Ampleforth (@AmpleforthOrg)
SPOT v5 is now live. The dashboard labels the Funding Rate (formerly known as the “Enrichment Rate”). What’s unchanged? The underlying value-transfer formula that moves yield between SPOT (stability) and stAMPL (high volatility). 1. Positive rates pay $SPOT holders 2. Negative rates subsidize $stAMPL holders What did change? Before v5, the funding transfer was executed only when weekly tranche rotations were successful; if rotations stalled, enrichment and debasement also stalled. v5 breaks that link, allowing the Funding Rate to run independently, thereby keeping incentives alive even in cases of heavy imbalance. Additionally, all protocol fees now scale with the deviation ratio (DR): actions that pull the system toward equilibrium are inexpensive (or even free), while moves that push DR away incur higher costs. That makes costs transparent and self-balancing. Lastly, 100% of fees now flow to stAMPL depositors, the biggest and most widely supported change of SPOT v5, boosting returns for risk-takers. Overall, SPOT v5 is an efficiency upgrade: - Clearer language: Enrichment Rate → Funding Rate - Continuous value flow that is decoupled from rotations - Smarter fees & better incentives Track the live Funding Rate and explore the new flows at https://t.co/9kkPWjMMEL.