To Fuse or not to Fuse...
An Amplifier is not fused without further action by the holder, meaning all #AMPLIFI rewards it generates are claimable at any time. When a holder creates an Amplifier, 20 #AMPLIFI tokens are removed from circulation, which actually decreases supply (as opposed to "burning it" which simply implies sending it to the dead wallet). As a result, a holder may not reverse this transaction or later choose to "reclaim" his #AMPLIFI tokens or "return" the Amplifier. Once an Amplifier is created, the initial 20 tokens redeemed to create it are effectively destroyed.
At present, an Amplifier produces 159% APY on every Amplifier, subject to Time Decay and Claim Frequency Decay, as well as Claim Fees.
- Time Decay: Decreases the Time Decay Claim Fee linearly from 9% to 0% over 72 Days
- Example 1: If holder A creates an Amplifier on December 1st and claims rewards 3 days later on December 4th, those rewards are subject to a fee.
- Example 2: If Holder A instead claims 73 Days after creating an Amplifier, those rewards on that claim are not subject to a Time Decay fee.
- Claim Frequency Decay: Decreases yield logarithmically by 15% per Claim regardless of the number of claims or the time elapsed between claims
Each Amplifier is subject to a monthly operations fee of .008 $ETH. Failure to pay this fee in the time allotted will prohibit you from claiming rewards. Should a total of 60 days pass without payment, the Amplifier will be permanently deactivated and accrued rewards will self-destruct.
- Unfused Amplifiers are excluded from $ETH rewards and revenue-sharing
- Unfused Amplifiers are excluded from Minting $gAMP tokens
Amplifier yield may be reduced or increased upon a determination that decreasing or increasing annualized native yield is beneficial or necessary to the long-term health and viability of AmpliFi and the #AMPLIFI token. At the outset, this decision is relegated to the creators of AmpliFi, and will transition to community control through governance proposals and voting.
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