Evan Kuo 😇
@evankuo
Followers
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Following
1,015
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99
Statuses
3,319
Founder @AmpleforthOrg | @SPOTprotocol | | CEO Fragments | likes drawing | | advisor @buttondefi |
San Francisco, CA
Joined July 2008
Don't wanna be here?
Send us removal request.
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Pinned Tweet
The $SPOT decentralized flatcoin is the culmination of a five-year-long endeavor. Required reading for anybody serious in the stablecoin space.
@SPOTprotocol
@AmpleforthOrg
#SPOT
#AMPL
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"At a high level, decentralized banks like MakerDAO can be viewed as directionally reducing the role of centralized banks. We felt — along similar lines — it was time to gently expand the role of base-monies."
@AmpleforthOrg
22
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1K
"One of crypto’s most vocal antagonists is caught actively reinforcing a narrative that supports Bitcoin, even as he wishes a swift death upon it"
$BTC
#bitcoin
#economics
#crypto
#defi
#narrative
#uncorrelated
@AmpleforthOrg
$AMPL
#oraclizedmoney
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Today we will be launching SPOT, an inflation-resistant stable asset designed to operate under all market conditions that can safely wind down to zero users without bailouts.
SPOT reflects our work on stablecoin designs over the past 4 years 😅
/1
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PSA: The FORTH DAO will be launching on Saturday. It will be one of the largest DAO's at inception.
$ampl
$forth
#forthdao
@AmpleforthOrg
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BAD ASSUMPTION 🚫
Designing systems based on popularly held beliefs about how financial instruments work, gives projects a built-in audience—and is a perfectly good practice.
/1
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BAD Assumption:
Tokenizing USD thereby making it digital, programmable, and globally accessible, means we’ve fundamentally advanced money
GOOD Assumption:
Tokenizing USD doesn't fundamentally advance money. The unsolved remaining problem with respect to fiat is inflation.
/1
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Given that no system can promise stability forever, what we need is a decentralized system that can:
1) Support extremely long-lived periods of stability
2) Degrade / resume gracefully outside discrete price and collateralization-ratio bands without bailouts
@SPOTprotocol
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Thread on
#SPOT
@Spotprotocol
:
The promise of blockchain technology was to deliver a usable global currency, but today’s decentralized stablecoins are poorly conceived.
/1
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Bad Assumption 🚫
The use of over-collateralization in combination with liquidation markets to secure synthetic value is a commonly accepted and necessary practice within DeFi. It can thus be used as a safe mechanism for securing value in base assets.
/1
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"In the months that followed, Sergey continued to support us ... surely he cared about oracles, but he cared even more about what developers would one day do with them."
#oraclizedmoney
$AMPL
@SergeyNazarov
@AmpleforthOrg
@chainlink
$LINK
#defi
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Hey all, just wanted to introduce FORTH a new governance token for AMPL.
Anybody who has interacted with the AMPL ecosystem on-chain can claim a portion of the network!
Cheers 🍻
@AmpleforthOrg
@brandoniles
#MayTheForthBeWithYou
$AMPL $FORTH
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I think it’s sad that people are only crying for a decentralized alternative to USDC after the tornado sanctions, and I think it’s sad that people only care about inflation resistance in times of persistent price increases like today.
/1
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For those of you who are starting to dive into SPOT, you'll quickly start learning about tranching.
@mrinconcruz
and the
@ButtonDeFi
team have developed a super clean building block here that we use as part of SPOT's system, and I hope to see it used throughout the space.
/1
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Sweet! Looks like $FORTH will be listed on
@binance
Thanks
@cz_binance
👍🥳
@AmpleforthOrg
$AMPL $FORTH
@richy_qiao
@brandoniles
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It has been interesting to watch the market undergo the agony and ecstasy of learning just how different $AMPL is.
We sought to generate an idiosyncratic movement pattern, a new flavor of nondilutive randomness. And we have!
@AmpleforthOrg
@CoinDesk
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FYI — We have basically built what Matt Levine describes here:
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$FORTH is now supported by Coinbase custody!
Thanks
@zosegal
@richy_qiao
@brandoniles
$AMPL 🤜🤛 $FORTH
@AmpleforthOrg
Coinbase Custody now supports deposits and withdrawals for Ampleforth Governance Token ($FORTH)
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$AMPL is just the beginning.
@AmpleforthOrg
sneak peek on the future of elastic assets. It's time to build the E-Fi stack.
@brandoniles
@njess
@M_MannyRincon
@nithinkrishh
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“talent hits a target no one else can hit; Genius hits a target no one else can see" — Arthur Schopenhauer
I've always thought this to be true
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Our Chainlnk integration is going live!
Thanks
@chainlink
for all the hard work.
@brandoniles
@AmpleforthOrg
#ampl
#link
$ampl $link
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I guess
#google
now knows what $ampl rebasing is—that's gotta be a win. 😎 Great find
@aalavandhan1984
@brandoniles
@AmpleforthOrg
#GoodVibesOnly
#DefiSummer
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Over 51% of $FORTH tokens have been claimed — 🍻
@AmpleforthOrg
$AMPL + $FORTH
@aalavandhan1984
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"Markets are obviously shaken by the coronavirus, and bitcoin is an uncorrelated risk-asset, but a risk asset nonetheless" - Evan Kuo
Folks will protect first, then seek uncorrelated volatility
#btc
@CharlesLBovaird
@ForbesCrypto
$AMPL
@AmpleforthOrg
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@brockjelmore
Hey man it’s okay
You tried something bold
You made disclaimers
You fully captured the zeitgeist of defi today (good and bad)
Hit me up if you wanna chat
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Most people in
#defi
think that a truly decentralized stablecoin locks in the sustainable recreation of all meaningful financial instruments on-chain.
I think we're just a couple instruments shy of being able to create a truly decentralized stablecoin.
@mrinconcruz
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Someone from our community bought the domain and set it up to redirect to the ampleforth website. 🪄🍻😂
Who is this mysterious hero / comedian?
@AmpleforthOrg
$AMPL + $FORTH
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Just claimed my
#UNI
🌈
#AMPL
holders. If you purchased AMPL on
@UniswapProtocol
—and I'm pretty sure thousands of you did—you can go to and claim 400
#UNI
immediately
@AmpleforthOrg
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$AMPL on $AAVE will be a huge step forward for decentralized finance amidst the backdrop of failed decentralized stablecoin attempts and inevitable centralized stablecoin regulation
/1
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Hey guys, wanted to get some quick feedback on a simple diagram for explaining $ampl — what do you think?
@AmpleforthOrg
@mrinconcruz
@micahjay1
#ampl
#btc
#stablecoins
#MayTheForthBeWithYou
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We’re at 99% utilization on AAVE 👀😅
@AmpleforthOrg
@The3D_
@AaveAave
@brandoniles
@richy_qiao
@mrinconcruz
$AMPL
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Can't have a "run on the bank" if you're not a bank 😎
$AMPL
@AmpleforthOrg
@mcuban
@hasufl
@brandoniles
@mrinconcruz
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To clear up any confusion: The current proposal is to add $AMPL ONLY as a borrow asset and not as collateral. This means there's no added risk to the $Aave platform, only upside 😀👌🥳
@AmpleforthOrg
@AaveAave
@ahnaguib
@The3D_
The vote to add AMPL as a borrow asset to Aave is now live! Here’s why we think this is a benefit for the Aave platform, and transformational for the DeFi ecosystem. Thread below 👇
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Nice!
@AmpleforthOrg
@binance
$AMPL 🍾 $FORTH
New
#Binance
listing: $FORTH
@ampleforthorg
Governance Token is the native ERC-20 governance token of Ampleforth, which is an algorithmic stablecoin with a fluctuating supply.
Learn more ⬇️
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Stoked to see $ampl rebasing smoothly on
@avalancheavax
😊🪄☀️🌞❄️
#AMPLEverywhere
@traderjoe_xyz
@pangolindex
DeFi's unit of account is LIVE on
@avalancheavax
🥳
Welcome $AMPL x $AVAX!!
#AVAX
#AMPLEverywhere
@traderjoe_xyz
@pangolindex
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The $AAVE governance proposal to increase max APY to 10,002% on the $AMPL pool is now live ... 🪄🌞
@AmpleforthOrg
@AaveAave
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The idea of a decentralized on-chain stablecoin is still the only thing I’ve come across that simply can’t be a fleeting trend.
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I thought this was going to be a relaxed conversation, but i guess
#ampl
is a controversial concept. They came out guns blazing 😅
Still I’m grateful for having chatted with
@epicenterbtc
and would do it again
@AmpleforthOrg
There's been a lot of activity with
#AMPL
recently, as we all know. And in our interview with
@evankuo
we strived to get all the facts for you. Hear him talk about the community's reaction to the protocol. Has this interview changed your mind about
@AmpleforthOrg
?
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We made this video for
@AmpleforthOrg
, somehow
@saylor
posts it with the Ampleforth watermark removed??
731K views 🤦♂️🤦♂️
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Made this GIF based on our new website ... testing to see how it looks on twitter
@AmpleforthOrg
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We have some pretty solid work on this coming down the pipe, stay tuned for a more complete response
@brandoniles
@mrinconcruz
😀
If fiat backed stablecoins really become inflation coins (not so stable), then how will we get a coin that is truly stable?
Perhaps something that tracks a basket of real world goods (purchasing power parity) using oracles?
Ideas welcome.
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Thanks so much
@AshBennington
and
@RealVision
for taking the time to chat. I really enjoyed it and hope to be back again. 🪄🌞🥳
@AmpleforthOrg
$AMPL
$FORTH
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$AMPL was mentioned in a study in the
@stlouisfed
!
I've been a fan of their forward-looking studies for a long time, and often cite them in our materials. Kindof a huge honor!
Also, they describe us as: 1) A unit of account, and 2) Not a stablecoin 😃
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2)
#YAM
is an experiment in open-source discretionary money. It's scarcity, soundness, and economic planning, will be a function of community discretion.
Welcome to E-Fi
(elastic-fi 😂)
@AmpleforthOrg
#rulesvsdiscretion
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Pretty amazing how far rebasing has come since we started
@AmpleforthOrg
Congrats to
@ElasticSwap
😀
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Excited about this analysis of the Ampleforth protocol from
@gauntletnetwork
as it specifically investigates the key assumptions behind our original paper.
More thoughts to come on their findings. Thanks
@jmo_mx
@tarunchitra
@brandoniles
@M_MannyRincon
@AmpleforthOrg
Given the astounding run-up in $AMPL price and market cap, much has been said about its mechanism.
We took a closer look at AMPL — analyzing the token's historical and trading behavior observed across exchanges.
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The UI for wrapping and unwrapping AMPL <> wAMPL is now available 🎉🪄🌞
Another great
@prl_one
@AmpleforthOrg
collaboration!
@aalavandhan1984
@mrinconcruz
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First governance proposal going into snapshot
@AmpleforthOrg
😃
$AMPL + $FORTH 🎉
Thanks
@Guz_MassAdopt
for the tutorial
If you're a FORTH holder be sure to delegate your tokens to yourself if you plan on voting with your FORTH tokens for snapshots and onchain votes.
For a walk through on how to delegate check out this guide from
@Guz_MassAdopt
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@AmpleforthOrg
@mooniswap
You can now farm $AMPL with:
$LINK
$CRV
$YFI
$BAL
$COMP
$MKR
$NMR
$YFI
$YUSD
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FACT: Satoshi Nakamoto had at least one mother, so I'm sending her good vibes. Give your mom a call. Happy Mother's Day. 🪄🌞
#GoodVibesOnly
#DefiSummer
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Been getting a lot of questions about AMPL in the wake of
#UST
because we're often compared to algo-stables.
I'd be thrilled to claim that AMPL is an algo-stable because it has consistently returned to target without intervention, but it's not a stablecoin at all.
1/n
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This is me channeling all the characters on tv who obsessively draw black circles and then somehow have insight into otherworldly or future phenomena. 🪄🔮
#GoodVibesOnly
#defi
#aave
#ampl
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ETH/AMPL liquidity has surpassed $10mm—we are now the number one pool by a solid margin. Thanks everyone
@AmpleforthOrg
@brandoniles
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Excited about wAMPL and the platform integrations it enables 😀
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@FTX_Official
Add $ampl to $ftx US!
1) It’s easy since you already have the tech integration done with global.
2) (via Blockfolio) could quickly become a primary on-ramp for US users.
@SBF_Alameda
@AmpleforthOrg
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The first cross-chain app 🥳🔥🌞. I love that framing. Thanks
@Meter_IO
@xiaohanzhu
@chizhao
@AmpleforthOrg
+
@Meter_IO
+
@BinanceChain
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The proposal to lift the APY cap on the $AMPL <> $AAVE pool is now live! 🌞
The goal of this proposal is to update APY rates so they can accommodate borrowing demand.
/1
#wen10002
@AaveAave
@AmpleforthOrg
@brandoniles
@The3D_
@StaniKulechov
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The aAMPL pilot geyser (splendid) has been released. Excited 😊
@The3D_
@ahnaguib
@brandoniles
@AaveAave
@AmpleforthOrg
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The digital-cash narrative giveth, and the digital-cash narrative taketh-away.
#StoryOfBitcoin
🪄🌞
#GoodVibesOnly
#DefiSummer
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1/
So glad to have folks like
@mrinconcruz
helping to set the record straight about AMPL. And thanks
@Cointelegraph
for covering this.
@AmpleforthOrg
$AMPL
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Thanks
@StaniKulechov
. Stoked to see this proposal moving into on-chain voting.
#ampl
and
#aave
is a unique combination.
This proposition signals a willingness from the
@AaveAave
community to integrate an entirely new class of assets.
/1
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1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.
We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are…
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wAMPL moved from "under consideration" to "planned" ... nice!
@brandoniles
@AmpleforthOrg
@aalavandhan1984
Assets moved from “under consideration” to “planned” listings: BitDAO (BIT), Coin98 (C98), Gemini USD (GUSD), Index Cooperative (INDEX), Wrapped Ampleforth (WAMPL)
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@brandoniles
@Hailing8868
@The3D_
@tokenstate
@CloudedLogic
@0xPolygon
@CurveFinance
This integration will be a big step forward for the space. Cheers to measuring twice and avoiding mistakes 🍻.
Also ... wen AAVE? 😂
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The insight of kydland-prescott was that discretionary systems are a game against rational economic agents
1. Agents know the rules
2. Agents know that the rules can be changed
They incorporate 2 into their strategy, which results in provably suboptimal outcomes
@AmpleforthOrg
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There's a problem with how people are interpreting functions of money in crypto. We need to:
1) De-mystify MOE (Medium-of-Exchange)
2) Re-mystify SOV (Store-of-Value)
tldr; we don't need more MOE's, but we do need SOV's
/1
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Another great piece by
@hosseeb
"Aggregators will become the frontend of DeFi — they will own the users — and on-chain market makers will compete alongside AMMs"
Agree that professional mm's will compete alongside pools, also think special purpose AMM's are inevitable.
Uniswap is today the largest DEX in DeFi, and trades more volume than most centralized exchanges. But I believe that it's inevitable that Uniswap is going to be unbundled.
Here's what I believe the future of on-chain market making will look like:
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This guy gets it 😀
“AAVE has an acute need for users who borrow assets ... AMPL has strong borrowing demand and it appears the goal of this ARC is to make the depositor and borrower markets more efficient to better serve AAVE users”
BNM 🧠
@AaveAave
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Today people are beginning the journey that
@brandoniles
and I began in 2017: what is money and who do I have to trust?
Love seeing $AMPL & $SPOT showcasing their worth/purpose during this stablecoin frenzy.
Further proof that commodity-money with innate elastic-supply + counter-cyclical features is essential
@AmpleforthOrg
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DeFi 3.0 can (and should) be a non-callable stack.
We don’t need to leave it to regulators to be the tail wagging after the dog of catastrophe. We don’t need to recreate CeFi. We shouldn’t.
@ButtonDeFi
#spot
Liquidation markets are everywhere in DeFi, especially in critical base layers, and it doesn't have to be this way.
We can build a safer "non-callable" DeFi stack that's not subject to systemic risk from liquidation cascades. Long thread below, but I think it's important.
🧵 👇
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Welcome, Ampleforth, to the Meter Family! 🥳
We're launching the Testnet today! Meter connects
@AmpleforthOrg
to the
@BinanceChain
& Meter Mainnet 1st & then all other supported blockchains in the near future. Keep an eye out for an upcoming AMA. 😉
$MTRG $FORTH
#Defi
#Crypto
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PSA: There's a lot of noise about stablecoins out there and it's hard to keep up. But decentralized stablecoin problem, the p2p digital-cash problem, the holy-grail crypto problem, has still not been solved.
#StayTuned
@AmpleforthOrg
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#bitcoin
does not derive its value from Tesla or Elon. And let's keep it real, almost no one was going to use BTC to buy a car anyway.
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Channeling Ben Franklin—but really hoping he's wrong about the certainty of death and taxes 🪄🌞
PS: It's also the name of a pretty good drink (if you like Mezcal)
#GoodVibesOnly
#DefiSummer
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