Blockchain
By Maheen Hernandez
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Ampleforth (AMPL) Synthetic Commodity-Money
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AMPL is all about rebasing cryptocurrency. It is found in a variety of cryptocurrency exchanges.
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Ampleforth Geysers are smart faucets that incentivize on-chain liquidity. Users receive AMPL for providing liquidity on automated market making platforms (AMMs) like Uniswap.
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The Geysers do the job of distributing AMPL tokens from the ecosystem fund to those facilitating liquidity on Uniswap V2.
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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…
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The geyser solidity code and contract addresses are available on Github. CertiK have audited the onchain code.
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The good thing about AMPL is that it is a synthetic commodity-money, like Bitcoin, but with near perfect supply elasticity, like fiat.
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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.
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For clarity, “The Ample is a Smart Commodity Money, which incorporates price directly into supply.
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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…
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However, AMPL does not suffer the deflationary drawbacks of the fixed supply currencies. Therefore, it is macroeconomically friendly.
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