ampleforth

Ampleforth is a decentralized cryptocurrency protocol built to create a price-stable unit of account called AMPL, which adjusts its supply in response to demand fluctuations. The AMPL token targets the CPI-adjusted dollar, ensuring that its purchasing power remains stable over time. The protocol employs a unique mechanism known as rebasing, which automatically increases or decreases the number of tokens in user wallets, allowing holders to maintain their proportional ownership of the network. Supply Volatility: Unlike traditional cryptocurrencies, AMPL's price stability is achieved through supply adjustments rather than price manipulation, making it non-dilutive. Decentralization: The protocol operates without centralized control, preventing the seizure or freezing of assets by administrators. Oracle Safety: AMPL utilizes a 24-hour volume-weighted price feed, ensuring that attacks on the Oracle cannot lead to fund theft. Use Cases: AMPL serves as a foundational asset for various decentralized finance applications, including lending, borrowing, and the creation of on-chain derivatives.Governance: The FORTH token governs the Ampleforth Protocol, allowing holders to propose and vote on changes within the ecosystem.