RETHINKING MONEY: introduction to $AMPL by Ampleforth
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#Most people think of money as something fixed. Bitcoin has a hard cap. Fiat gets printed when someone in power says so. But what if there was another way to think about money altogether?
Introducing $AMPL, a decentralized unit of account built not to mimic the old rules, but to rewrite them.
Instead of locking into a fixed supply or relying on collateral like most stablecoins, AMPL takes a different path. Its supply breathes. When demand goes up, the total number of AMPL tokens expands. When demand falls, it contracts. This process, called rebasing, happens daily, automatically, without central control.
But here’s the twist: even when supply changes, your share of AMPL holdings doesn’t. If you own 1% of all AMPL before a rebase, you still own 1% after. The system adjusts quantities, not value dilution.
AMPL doesn’t chase price stability by hoarding assets. Instead, it translates price swings into supply shifts, a design that aims to preserve purchasing power over time, targeting roughly the value of a 2019 USD, inflation-adjusted.
Now, this elastic design is just the foundation. The real magic unfolds in the Rotation Vault where you can split AMPL into two new assets with entirely different personalities:
– $SPOT: It absorbs AMPL’s supply volatility, giving holders stability.
– stAMPL: It amplifies exposure to AMPL’s daily rebases.
In the end, Ampleforth is creating a new kind of financial architecture that tracks value and reshapes how it's shared, grown and understood.
To discover more:
🔗 https://www.ampleforth.org
