### What is Ampleforth?

Ampleforth (AMPL) is a decentralized financial ecosystem built on the Ethereum blockchain. It is designed to provide a foundation for the digital economy by using a price-stable but supply-volatile mechanism. AMPL targets a CPI-adjusted dollar and is used as a unit of account and collateral asset .

### How does Ampleforth work?

Ampleforth uses an elastic supply mechanism known as "rebasing" to maintain price stability around an adjusted CPI value. The protocol automatically increases or decreases the circulating supply of AMPL tokens based on the market price, which occurs once daily. This adjustment ensures that the price of AMPL reverts to its target, without reducing holders' proportional ownership of the total supply  .

### What are the potential use cases for Ampleforth?

Ampleforth has several potential use cases in the realm of decentralized finance (DeFi), including:

- **On-chain lending and borrowing:** AMPL can be used as collateral for decentralized stablecoins and derivatives .
- **Medium of exchange:** Its elastic supply allows AMPL to scale to meet user demand globally .
- **Collateral asset:** Ampleforth serves as a unit of account in various protocols .
- **Arbitrage opportunities:** The supply adjustments provide price arbitrage opportunities for traders .

### What is the history of Ampleforth?

Ampleforth was founded in early 2017 by Evan Kuo and Brandon Iles. The platform aimed to create a self-sustaining unit that retains purchasing power over time. Ampleforth raised about $10 million through initial coin (ICO) and exchange offerings (IEO). It was launched in June 2019 and has since formed partnerships with platforms like Uniswap and Chainlink  .

Ampleforth

Deposits and withdrawals are not currently available for this coin.

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