AMPL is all about rebasing cryptocurrency.  It is found in a variety of cryptocurrency exchanges.

Ampleforth Geysers are smart faucets that incentivize on-chain liquidity. Users receive AMPL for providing liquidity on automated market making platforms (AMMs) like Uniswap. The more liquidity you provide, and for longer, the greater share of the AMPL pool you receive.  There are a number of Geysers making the liquidity pool onchain in Ampleforth.

The Geysers do the job of distributing AMPL tokens from the ecosystem fund to those facilitating liquidity on Uniswap V2. Users who provide the most liquidity and for the longest time will be able to get the greater share of the AMPL Pool that they receive.  The staked tokens will be locked and the Geyser will unlock overtime.

The purpose of the Geyser is to provide incentives for long-term liquidity providers.  While it is easy for users to unlock their stakes easily, there are no hard lockups for staking.  Users will benefit from staking longer.

The geyser solidity code and contract addresses are available on Github. CertiK have audited the onchain code.  Of note, Ampleforth have sponsored an insurance program through Nexus Mutual for up to 866 ETH (~$210,000) for the 3 month pilot period.

Ampleforth (AMPL) Synthetic Commodity-Money

The good thing about AMPL is that it is a synthetic commodity-money, like Bitcoin, but with near perfect supply elasticity, like fiat.

The capital efficiency and sustainability of Ample in stable smart contracts have been deeply explored. It is important to understand that AMPL is not a stable coin.  The coin permits volatility.  It does not do anything to remove volatility.

For clarity, “The Ample is a Smart Commodity Money, which incorporates price directly into supply. When supply needs to increase, it doesn’t go to any special group — it goes to everyone universally. The same applies for supply decreases.”

The goal of Ample is not to recreate fiat money on the blockchain, rather it is created to work as a smart and synthetic commodity money, which in the long run can become an alternative to central bank money.  To start with, it can be used to diversify risk within the portfolio or as an uncorrelated reserve asset.

However, AMPL does not suffer the deflationary drawbacks of the fixed supply currencies.  Therefore, it is macroeconomically friendly.  Since the Ampleforth Protocol is outside money it does not rely on collateralized debt and it will scale to the global ecosystem without the need to lock in exogenous assets.