AMPLis 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.
AMPLsimilar 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
WAMPLwill be a direct access point for end users who want to take a position in the
AMPLnetwork, but don't immediately need to use it as a unit-of-account.
WAMPLhas this easy to understand property as well, which means there’s less initial education required. Users can gradually develop an understanding of
AMPLautomatically adjusts the quantity tokens in user wallets based on demand. This key feature allows
AMPLto 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
WAMPLcannot be used as a unit-of-account as
AMPLcan, it can be held by users and network and unwrapped on-the-fly as needed.
WAMPLis 10 million tokens. Holding 100,000
WAMPLis equivalent to holding 1% of the
WAMPLare fully redeemable for one another, the growth of the Ampleforth community and demand for
AMPLtranslates directly to demand for
AMPLand receive a non-rebasing ERC-20 token and vice-versa. Since both
AMPLare on the Ethereum platform, there are no bridges or third-party custodians that stand between redeeming one token for another.
WAMPLlogo to be used in integrations.
WAMPLprovides exposure to
WAMPLhas a floating price and cannot be used as a unit-of-account, from a portfolio's perspective buying and holding
WAMPLis equivalent to buying and holding
WAMPLdepends on how much of the
AMPLnetwork has been wrapped by users. The maximum total supply of
WAMPLis 10 million tokens—that is to say, if 100% of the world's
AMPLwere to be wrapped, the total supply of
WAMPLwould be 10 million.
WAMPLsuddenly changes, redemption arbitrage will propagate this change in demand to