Blockchain
By Steven Anderson
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Ampleforth Protocol (AMPL) Smart Contracts
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The Ampleforth Protocol is a lot like Bitcoin, but different in that it is a financial building block and is used in stable contracts. It is algorithmic and uncollateralized.
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The protocol works by translating price volatility to supply volatility. Thus, the numbers of the AMPL tokens in the user wallets will increase or decrease according to the…
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The AMPL protocol will automatically adjust the supply in response to demand. Since the AMPL is non-dilutive, there will be supply adjustments, which will be applied…
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Rebases happen once in a day. When the network grows, users will have more tokens and when the network shrinks users will have fewer tokens.
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Stable coins is a familiar concept, but stable contracts sounds different. When a contract is entered to using Bitcoin, due to the high price volatility, it is considered…
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Stable coins depend either on traditional banks or they depend upon the lenders as a last resort. However, AMPL does not depend upon a centralized collateral or lenders.
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For clarity, DAI are debt market place derived stable coins, which are sustained by free market incentives and require periodic bailouts.
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In AMPL, the question is "If the number of tokens in my wallet can change, then isn’t AMPL still speculative and volatile?
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When AMPL is used in a stable contract obligation, there is a lower risk of default. The unique incentives, movement pattern, and monetary qualities of AMPL make it ideal…
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AMPL is a cryptocurrency and how it differs from the entire lot of others Alts is that the token supply changes daily!
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