The startup has developed a digital asset protocol that dynamically adjusts the supply of its currency based on daily market conditions and demand, targeting the CPI-adjusted purchasing power of the USD. This mechanism enables crypto investors to maintain stable value in their holdings despite currency volatility.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many cryptocurrencies exhibit high price volatility, making them unsuitable as a reliable unit of account or collateral for decentralized finance (DeFi) applications. Traditional stablecoins rely on centralized custodians or over-collateralization, introducing risks of censorship and capital inefficiency.
Solution
Ampleforth (AMPL) is an elastic supply cryptocurrency that automatically adjusts the number of tokens in user wallets in response to market demand, with the goal of maintaining a target price of one CPI-adjusted US dollar. This rebasing mechanism transfers volatility from price to supply, allowing AMPL to function as a decentralized unit of account and collateral asset. The protocol also supports tranching, which simplifies the creation of on-chain derivatives with different volatility profiles.
Target Audience
The primary target audience includes DeFi users, traders, and developers seeking a decentralized, price-stable unit of account and collateral asset for building financial applications.
Features
- Algorithmic supply adjustments (rebasing) based on market price relative to a CPI-adjusted USD target
- Non-dilutive rebasing: proportional increases or decreases in token quantity across all wallets
- Tranching capabilities to reorganize volatility into senior and junior tranches
- Integration with the SPOT protocol for creating a decentralized flatcoin
- Governance through the FORTH token, enabling community control over protocol parameters and treasury funds
- Support for wrapped AMPL (wAMPL) for broader compatibility across DeFi platforms
- Cross-chain availability on Avalanche and Binance Smart Chain