As you can see, I've been 'AMP'ing for a while, in anticipation that AMPS would be useful.
- AMPS are generated from staking the liquid staking token, $xPRISM.
Yes: staking a liquid staking token. This rabbit hole goes deep, it does.
So, AMPS ready, we refract 10 $LUNA into 10 $pLUNA and 10 $yLUNA.
And refracted the $LUNA be.
Next, go to the Stake-page of @prism_protocol and stake your $yLUNA into the PRISM-farm (NOT the yLUNA stake).
THEN go to the Govern-page by selecting the 'Activate AMPS boost'-button. Select the AMPS tab, then select to the ⚡️-button on the staked AMPS to activate the yield-boost. You see I went from 36% to 56% APR. YAY! 🎉
n.b. yields are in $PRISM only, NOT in any form of $LUNA.
We have $pLUNA left, let's go buy some $PRISM and create a $pLUNA - $PRISM LP on the Pools-page. This way, we earn yields with that $LUNA asset, as well.
And there you have it. Refracted $LUNA assets earning yields on the yield-side with a yLUNA PRISM-stake, and on the principal-side with a pLUNA LP.
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