Glossary
A glossary of terms commonly used when describing the Ampleforth Ecosystem
Derivates are a specific type of financial asset whose value depends solely on an underlying financial asset.
Stablecoins are cryptocurrencies designed to be a refuge from volatility. The most common types include fiat collateralized stablecoins, crypto-collateralized stablecoins, and algorithmic stablecoins. Although AMPL has a price target, it should not be considered a stablecoin because holders of the token experience supply volatility comparable to that of a typical floating price token.
In economics, store of value is a monetary function. A store of value is an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value.
In economics, unit of account is monetary function. Money acts as a standard measure and a common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems. More than a measure, the unit of account is the actual asset tendered upon completion of an agreement. AMPL is a unit-of-account token.
Last modified 1yr ago