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Ampleforth
AMPL

About Ampleforth

Ampleforth protocol is a set of instructions on the Ethereum blockchain that creates a decentralized unit of account called AMPL. The AMPL token serves as a core component of the Ampleforth Elastic Finance Ecosystem. It is used for lending, borrowing, creating derivatives, and as collateral for a decentralized stablecoin. The price of AMPL is targeted to the CPI-adjusted 2019 USD, but the quantity of AMPL tokens in user wallets adjusts automatically based on demand. When market demand is high or low, AMPL's supply deviates from its target, but its price ultimately returns to its long-term goal. Use cases for AMPL include decentralized lending, derivatives, and stablecoins.

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