Ampleforth

Ampleforth is a decentralized finance protocol and cryptocurrency project that focuses on an elastic-supply token called AMPL.

This token aims to maintain a price target aligned with the CPI-adjusted U.S. dollar by automatically adjusting its supply in response to market demand. The AMPL protocol is designed to be a price-stable yet supply-volatile cryptocurrency, utilizing rebasing mechanics to ensure that token balances scale proportionally among holders while maintaining relative ownership. This approach positions AMPL as an on-chain unit of account, distinct from traditional collateral-backed stablecoins. Ampleforth also offers governance through the FORTH token, technical documentation, and resources for its elastic finance ecosystem, supporting various decentralized financial applications such as lending, borrowing, and derivatives.