Ampleforth is launching its algorithmic unit of account on the Ethereum competitor Avalanche.
“With the changing regulatory landscape and uncertainty around what the verdict around stablecoins will be, it’s important for DeFi to have a financial building block that’s decentralized, uncensorable and have some aspect of price predictability or stability,” said Evan Kuo, CEO of Fragments, Inc., the development company behind the Ampleforth Protocol.
The Ampleforth Protocol adjusts total supply daily by transferring volatility from price to supply, and the protocol’s supply policy does not rely on traditional banks or lenders.
Ampleforth adjusts its total supply through a mechanism called rebasing. Holders of the AMPL token will either have their tokens burned if the price of AMPL falls below $1, or holders will receive more AMPL tokens if the price exceeds $1.
The rebasing events have, however, been extremely volatile, marred by many double-digit rises and falls. At press
We współpracy z: https://decrypt.co/84450/defi-token-ampleforth-launches-avalanche
