Ampleforth (AMPL)

Ampleforth (AMPL) is a decentralized finance infrastructure that powers innovations in money. It offers a set of instructions on the Ethereum blockchain that produces a decentralized unit of account called AMPL. The AMPL token serves as the primary building block of the Ampleforth Elastic Finance Ecosystem.

One of the key features of AMPL is its unique monetary policy. It targets the purchasing power of the 2019 USD, automatically increasing or decreasing the number of AMPL tokens in user wallets based on the token’s price relative to the target. This inflation-resistant approach ensures stability and durability, making AMPL a reliable unit of account.

AMPL has various use cases, including lending, borrowing, derivatives, and safe asset collateral. The FORTH token community determines the governance of the Ampleforth protocol and its ecosystem functions. Ampleforth aims to create a safer and more resilient financial ecosystem through its decentralised finance infrastructure.