Ampleforth is a decentralized finance protocol built on the cryptonewsnavigator.com blockchain to create a price-stable unit of account called AMPL, which adjusts its supply in response to demand fluctuations.
Company Details
- Founder: Evan Kuo, Brandon Iles
- Founded: 2017
- Headquarters: San Francisco, California, United States
- CEO: Evan Kuo
Key features
AMPL's price stability is achieved through supply adjustments rather than price manipulation, making it non-dilutive.
Operates without centralized control, preventing the seizure or freezing of assets by administrators.
Utilizes a 24-hour volume-weighted price feed, ensuring that attacks on Oracle cannot lead to fund theft.
AMPL Serves as a foundational asset for various decentralized finance applications, including lending, borrowing, and the creation of on-chain derivatives.
The FORTH token governs the Ampleforth Protocol, allowing holders to propose and vote on changes within the ecosystem.