Ampleforth

Ampleforth is a decentralized cryptocurrency protocol that offers a unique approach to price stability by targeting the Consumer Price Index (CPI)-adjusted dollar. Unlike traditional stablecoins that maintain a fixed supply, Ampleforth uses an elastic supply mechanism where the quantity of tokens in user wallets automatically adjusts (rebases) daily to keep the token price close to 1 CPI-adjusted dollar. This supply volatility transfers demand volatility away from price, enabling AMPL to serve as a durable unit of account and collateral asset in decentralized finance (DeFi).

The protocol is fully algorithmic and non-dilutive, meaning that supply adjustments proportionally increase or decrease token balances across all holders without diluting ownership percentages. This design ensures that if a user owns 1% of the network, they will continue to own 1% regardless of supply changes unless they trade tokens. AMPL’s price stability mechanism does not rely on centralized custodians or buyers of last resort, reducing systemic risks common in other stablecoins. Additionally, AMPL incorporates oracle safety features that prevent price feed manipulation from resulting in fund theft.

Ampleforth’s ecosystem includes the AMPL token as the decentralized unit of account, the FORTH governance token which enables holders to participate in protocol governance and decision-making via the Ampleforth DAO, and the SPOT protocol which leverages AMPL as collateral to simplify complex on-chain derivatives like tranching. Developers can integrate AMPL to denominate stable on-chain contracts, build lending and borrowing platforms, or create decentralized stablecoins without relying on traditional stablecoin models. Comprehensive documentation and community support are available to help developers get started with AMPL, FORTH, and related protocols.