Ampleforth
@AmpleforthOrg
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A decentralized unit of account.
$AMPL
Joined February 2018
➕ Ampleforth, a decentralized unit of account. $AMPL and elastic supply, explained in minutes.
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DeFi runs on public rails but still thinks in dollars: TVL, yields, risk, and “stability” are all benchmarked to fiat claims on banks and states. That leaves the entire system correlated to sovereign policy, censorship, and off-chain balance sheets. $AMPL takes the opposite
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$SPOT is designed to bend without breaking during large market disruptions. It is a fully collateralized, low-volatility claim on $AMPL, so its price naturally gravitates toward redeemable value rather than just pure market sentiment. Mint/redemption arbitrage opportunities
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There is more to money than counting beans. DATs know this, and can converge on AMPL as a strategy for post-sovereign financialization. One where native roles and incentives help separate risk from the old system while unlocking opportunity in the new. https://t.co/XrF7D6Ik1A
blog.elasticmoney.xyz
Ampleforth’s elastic money powers SPOT, stAMPL, and DATs, delivering neutral collateral and low-volatility yield for post-sovereign, on-chain treasuries.
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Monetary policy is the process by which a country (via its central bank) manages its money supply and influences interest rates to achieve broad economic goals. When people think about monetary policy, they typically envision central banks, policymakers, and politicians making
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Crypto has long been dominated by speculation, with most tokens today serving as little more than volatile bets. Ampleforth has always taken a different path ↓ It functions like a decentralized “central” bank with one mandate: to preserve a rigorous unit of account over time.
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Most lending in crypto assumes collateral can cliff-dive, so it protects lenders by liquidating borrowers. SPOT deviates from that logic. The $SPOT token is created by tranching $AMPL in the Rotation Vault: deposits are split into a senior, low-volatility claim (SPOT) and a
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Deviation Ratio (DR) is SPOT’s ‘swing angle’. I.e., how far the system’s $SPOT ←→ $stAMPL balance has drifted from the center. At DR≈1, the pendulum hangs still; actions that restore balance are cheap. As DR swings away (above or below 1), protocol ‘gravity’ increases:
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