What is Ampleforth?
Ampleforth is a cryptocurrency protocol designed to create a stable, non-collateralized digital asset called AMPL (Ampleforth). Unlike traditional stablecoins that are pegged to fiat currencies, Ampleforth uses an elastic supply mechanism to maintain price stability.
https://www.youtube.com/watch?v=ejyBnFzb3NE
Dive even deeper:
https://youtu.be/7pOr69-s74k?si=pBTPX89cSQ7opVRQ
Key Features of Ampleforth
- Elastic Supply: The total supply of AMPL tokens adjusts daily based on market demand, aiming to maintain a target price.
- Non-collateralized: Unlike many stablecoins, AMPL doesn't rely on collateral backing, reducing counterparty risk.
- Decentralized: The protocol operates autonomously without central control.
Ampleforth Ecosystem
The Ampleforth ecosystem consists of various components and projects built around the AMPL token:
- Geyser: A liquidity mining program that incentivizes users to provide liquidity to AMPL pools.
- SPOT Token: A derivative token that represents a claim on a basket of assets, including AMPL.
- Ampleforth Governance and FORTH token: A system allowing AMPL holders to participate in protocol decision-making.
- Cross-chain Deployments: AMPL is available on multiple blockchains, expanding its reach and utility.
- DeFi Integrations: Various decentralized finance protocols have integrated AMPL, enhancing its usability in the broader crypto ecosystem.
What is FORTH?
https://www.youtube.com/watch?v=829PxCgsTLs