AMPL
is an ERC-20 token that works natively with on-chain wallets and many decentralized finance applications, the nature of automatically changing balances sometimes calls for special technical considerations.AMPL
similar to wrapped ETH. It facilitates ecosystem integrations on both centralized and decentralized platforms. In some cases wrapped-AMPL (WAMPL
) will be used almost invisibly in the background for bridging, routing, custody, etc. In other cases WAMPL
will be a direct access point for end users who want to take a position in the AMPL
network, but don't immediately need to use it as a unit-of-account.AMPL
can be found at https://wrap.ampleforth.org
WAMPL
has this easy to understand property as well, which means there’s less initial education required. Users can gradually develop an understanding of AMPL
through WAMPL
AMPL
automatically adjusts the quantity tokens in user wallets based on demand. This key feature allows AMPL
to act as a decentralized unit of account and DeFi building-block. However, the nature of changing balances breaks traditional assumptions for matching engines, custodians, etc. Wrapped-AMPL has a simple floating price. Although WAMPL
cannot be used as a unit-of-account as AMPL
can, it can be held by users and network and unwrapped on-the-fly as needed.
WAMPL
is 10 million tokens. Holding 100,000 WAMPL
is equivalent to holding 1% of the AMPL
network.
AMPL
and WAMPL
are fully redeemable for one another, the growth of the Ampleforth community and demand for AMPL
translates directly to demand for WAMPL
and vice-versa.AMPL
and receive a non-rebasing ERC-20 token and vice-versa. Since both WAMPL
and AMPL
are on the Ethereum platform, there are no bridges or third-party custodians that stand between redeeming one token for another. WAMPL
mainnet contract address is: 0xEDB171C18cE90B633DB442f2A6F72874093b49Ef
, view it on Etherscan. WAMPL
logo to be used in integrations.WAMPL
.WAMPL
provides exposure to AMPL
. Although WAMPL
has a floating price and cannot be used as a unit-of-account, from a portfolio's perspective buying and holding WAMPL
is equivalent to buying and holding AMPL
.WAMPL
depends on how much of the AMPL
network has been wrapped by users. The maximum total supply of WAMPL
is 10 million tokens—that is to say, if 100% of the world's AMPL
were to be wrapped, the total supply of WAMPL
would be 10 million. WAMPL
suddenly changes, redemption arbitrage will propagate this change in demand to AMPL
and vice-versa.