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Preheat oven to 350 degrees F. Lightly butter and flour a 10 in. bundt pan. In a large skillet over high heat, cook amaranth seconds until it has popped. Set aside.
2.
In the large bowl of an electric mixer on medium speed, beat the butter with the oil until light and fluffy. Beat in 2 cups of the sugar, 1 cup at a time.Beat in eggs, 1 at a time, beating thoroughly after each addition. Mix in lime zest and 1 1/2 tsp. of vanilla. Stir in popped amaranth. Sift the flour with the baking powder and salt. Add to the amaranth batter a third at a time, alternating with one-third of the buttermilk. Spoon batter into prepared pan. Bake about 45-50 minutes or until a toothpick inserted in the center comes out clean. Place on a rack to cool.
3.
In a small saucepan over medium - low heat, combine the remaining 1/4 cup sugar with the lime juice and the remaining 1/4 tsp. vanilla. Cook until sugar dissolves. Keep warm.
4.
Prick holes in the top of the cake and pour the warm lime mixture over it. Let cool on the rack for 15- 20 minutes before unmolding.
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