Wrapped Ampleforth (WAMPL)

Wrapped Ampleforth (WAMPL), also known as Wrapped AMPL, is a decentralized finance infrastructure that aims to power innovations in money. It provides an open-source wrapper for AMPL, a decentralized unit of account protocol on the Ethereum blockchain. WAMPL is designed to address the integration challenges faced by centralized exchanges when listing rebasing tokens. The wrapper simplifies the process and makes it easy for exchanges to integrate AMPL into their platforms.

AMPL, the primary building block of the Ampleforth Elastic Finance Ecosystem, targets the purchasing power of the 2019 USD. It automatically adjusts the number of AMPL tokens in user wallets based on the price movement. Despite extreme market conditions, this inflation-resistant and durable protocol has consistently returned to its target. With its ability to function as a unit of account, AMPL unlocks various use cases without the need for centralized custodians, such as lending and borrowing, derivatives, and safe asset collateral.

The governance of Wrapped Ampleforth is supported by the FORTH token community. While the core qualities of the Ampleforth protocol remain unchanged, configuration parameters and ecosystem functions may evolve. The mission of Ampleforth is to create a safer and more resilient financial ecosystem. It seeks to achieve this through constant innovation, community governance, and fostering collaboration within the industry.