# About Wrapped AMPL

Although `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.

Wrapped-AMPL is a token that wraps `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.

### Key Benefits

* **Fully Redeemable On-Chain** — Wrapped-AMPL is fully redeemable for AMPL on-chain. A user interface for wrapping and unwrapping `AMPL` can be found at <https://wrap.ampleforth.org><br>
* **Zero Technical Integration** — If your platform supports ERC-20 tokens, it will support WAMPL by default without any technical considerations. <br>
* **Easy to Understand** — Users have come to expect that asset prices go up when there’s more demand and down when there’s less demand for it. `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`<br>
* **Non Rebasing** — `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. <br>
* **Fixed Supply** — The maximum total supply of `WAMPL` is 10 million tokens. Holding 100,000 `WAMPL` is equivalent to holding 1% of the `AMPL` network. <br>
* **Network Effects Transfer** — Because `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.

## Overview

Wrapped-AMPL is the output of a simple contract that allows users to deposit `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.&#x20;

* **Contract Address** —  The `WAMPL` mainnet contract address is: **`0xEDB171C18cE90B633DB442f2A6F72874093b49Ef`**, view it on [Etherscan](https://etherscan.io/address/0xEDB171C18cE90B633DB442f2A6F72874093b49Ef).&#x20;
* **Github Repo** — The contract code can be found on github at: <https://github.com/ampleforth/ampleforth-contracts/blob/master/contracts/WAMPL.sol>.&#x20;
* **Logo** — Below is the official `WAMPL` logo to be used in integrations.

![](/files/KoZLqV2hglw3mqf7r8Dh)

## WAMPL FAQ

Below we capture some of the most common questions asked about Wrapped-AMPL. Please join the [Ampleforth community Discord server](https://discord.gg/mptQ49m); our team and members of the community look forward to helping you understand and use `WAMPL`.

#### 1. Is holding wAMPL as good as holding AMPL?

Holding `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`.

#### 2. How many wAMPL are there?

The supply of `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.&#x20;

#### 3. Does demand for wAMPL impact the market cap growth of AMPL?

Yes. If the demand for `WAMPL` suddenly changes, redemption arbitrage will propagate this change in demand to `AMPL`and vice-versa.&#x20;


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.ampleforth.org/learn/about-wrapped-ampl.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.