Treasury Bootstrap System

The Treasury Bootstrap System allows anyone to send governance tokens as protocol owned liquidity and get rewarded in AMPH. While the core engine of Amphora only rewards $CRV and $CVX gained, they Treasury Bootstrap System accepts $SNX, $cvxCRV, $BAL, $CRV and $USDA.

These tokens get converted at the same current mining rate -30% against their CRV equivalence, for the trade-off that users get the tokens instantly.

$SNX and $USDA get a bonus rate that offset their penalty.

The Treasury Bootstrap System runs until turned off by governance or until the tokens reach the following caps:

250k SNX 1M cvxCRV 25k BAL 25k CRV 1M USDA

To prevent abuse and governance attacks, the system does not allow any transaction to mint more than 1M $AMPH in any given transaction, nor does it allow for more than 60% of all circulating AMPH to be minted this way.

Purpose:

The Treasury Bootstrap System allows the governance contract to acquire a variety of yield bearing and voting tokens that it can use outside of just CRV. These tokens will become protocol owned liquidity that are used to either vote for gauges in reward pools, or to have their yield directed towards reward pools.

While most protocols aim to incentivize their own liquidity by paying LPs with their own governance token, this is just temporary mercenary capital. Amphora aims to only provide rewards when the protocol itself is able to capture value, and so having the protocol purchase means of directing rewards from other protocols helps the system to lower its overall lifetime spend to achieve the same liquidity goals.