AMPL is a price-stable but supply volatile cryptocurrency that targets the CPI-adjusted dollar. It is used as a unit of account and collateral asset.
The AMPL protocol automatically increases or decreases the quantity of tokens in user wallets — such that the price of AMPL reverts to 1 CPI-adjusted dollar.
In practice, this automatic process of adjusting supply in response to demand takes time to find equilibria. Learn about AMPL's key benefits.
AMPL greatly simplifies the creation of on-chain derivatives. Traditionally complex financial operations like tranching are now safe, transparent, and simple.
AMPL is a decentralized unit of account and it is the collateral asset used in the SPOT protocol. Holders of AMPL benefit from the growth of the network through supply rebasing.
Forth is the governance token used to control the Ampleforth Protocol and DAO. Proposals and ideas are surfaced on discord or the public forum, and are finalized when voted on by holders of the FORTH token
describe $ampl --benefits
Key Benefits of the AMPL Protocol
AMPL complete algorithmic. This means assets cannot be forcibly seized or frozen by administrators of the system.
The Ampleforth protocol simply transfers the volatility of demand from price to supply. The protocol has been live since 2019 and price has consistently returned to target through extreme market conditions.
Supply adjuments (Rebases) proportionally increase or decrease the quanity of tokens in user wallets. For this reason the token is entirely non-dilutive. If you purchase 1% of the network, you will always own 1% unless you buy or sell more, regardless of supply adjustments.
AMPL targets the 2019 CPI-adjusted dollar. This means contracts denominated using AMPL remain stable on a purchasing-power-basis over long time horizons.
Although AMPL accepts a 24hr volume weighted price feed attacks on the oracle cannot result in the theft of funds. Applications built using AMPL benefit from AMPL's oracle safety.
As a building block AMPL enables the denomination of stable on-chain contracts without any reliance on centralized custodians or buyers of last resort. This lends itself to use cases including on-chain lending, on-chain borrowing, the creation of on-chain derivatives, and the creation of collateral for a decentralized stablecoin.