Edit the v/Config.mk to customize the following variables:

HOMEV - should point to your v absolute path
LINUX_HEADERS - should point to your current kernel headers
INSTALL_PREFIX - where to install the executable

then do:
# make

test the executable:
# bin/ponyprog2000

and install (optional):
# sudo make install


After you launched ponyprog it creates ~/.PonyProg2000rc file with all the settings.
You may need to edit it and change
ttyLockDir=/var/lock
The directory where PonyProg creates the lock for serial ports (should be writeable)

ttyDevName=ttyS
Is the name of the serial port device without the trailing number
