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Rank #23AMPLAlgorithmic
Ampleforth
Pegged to
USD
Market Cap
$100.00M
24h Volume
$5.00M
Circulating Supply
100.00M AMPL
Total Supply
100.00M AMPL
Peg Target
USD
Collateral Type
Algorithmic
Issuer
Ampleforth Foundation
Launch Date
14-06-2019
About Ampleforth
Ampleforth (AMPL) is a unique algorithmic stablecoin that uses an elastic supply mechanism called rebasing. Instead of maintaining a $1 price through reserves, AMPL automatically adjusts every wallet's token balance daily based on a price oracle. When AMPL trades above $1, all wallets receive proportionally more tokens; when below $1, balances decrease. This means your share of the network remains constant even as supply changes. AMPL targets a 2019 CPI-adjusted dollar. It is designed as an uncorrelated asset class and is integrated into protocols like Aave and Balancer through the SPOT protocol.
Supported Blockchains
Pros
- Truly novel monetary policy experiment
- No dependency on collateral reserves
- Uncorrelated to other crypto assets
- Long track record since 2019
Cons
- Confusing rebase mechanism for new users
- Not a traditional stable store of value
- Supply volatility can be unsettling
- Limited DeFi composability due to rebasing
Key Features
Daily elastic supply rebase
CPI-adjusted dollar target
No collateral required
Wallet balance auto-adjusts
SPOT Protocol for stable derivatives
Uncorrelated asset class
Stablecoin Information
Category
AlgorithmicCollateral Type
AlgorithmicIssuer
Ampleforth Foundation