From Bootstrap to v5: How SPOT Turned Stress into Protocol Strength
Introduction
2025 began full of anticipation for the Ampleforth community. Operation Bootstrap launched as a bold liquidity incentive program to accelerate SPOT adoption, ignite the Evergreen Cycle, and prepare the ground for USDaf (now AmpUSD). With $10M in AMPL rewards and early triple-digit APYs on SPOT/USDC LPs, expectations were