About SPOT

SPOT is a perpetual note backed by fully collateralized AMPL derivatives. SPOT can be held directly as a refuge from inflation, used as a peer-to-peer digital cash, or held as alternative collateral to USDC within reserves. Its price will likely float within a range similar to AMPL and you can think of SPOT as a derivative that strips away most of AMPL's supply volatility.

For more about Spot, see the dedicated site spot.cash

Key Points

• SPOT is an ERC-20 token

• SPOT is a perpetual wrapper that abstracts AMPL's supply volatility from holders. It's price will be similar to AMPL (which targets the CPI adjusted 2019 dollar). The asset can function as both a refuge from volatility and a refuge from inflation

• SPOT is fully collateralized by AMPL backed derivatives

• SPOT does not rebase and holders of SPOT do not experience supply volatility

• SPOT is governed by FORTH governance

To understand the high level concepts behind the SPOT perpetual have a look at Applications Now and Looking Forward.