Audience
Anyone looking for a fully-algorithmic unit of account solution
About Ampleforth
A new paper has been released. This report expands on the motivation, design, and performance of the Ampleforth protocol under live market conditions. AMPL is a cryptocurrency and financial building-block. Much like Bitcoin, it is algorithmic and uncollateralized. However unlike Bitcoin, AMPL can be used to denominate stable contracts. These supply adjustments are called "Rebases" and rebases occur once each day. When the AMPL network grows you'll automatically have more tokens, when the AMPL network shrinks you'll automatically have fewer tokens, but the price per AMPL will tend to cycle around $1. This novel rebasing mechanism is what allows AMPL to be used in contracts. AMPL is an independent financial primitive that does not rely on centralized collateral or lenders of last resort. It's like Bitcoin, except it can be used in contracts.