Wrapped Ampleforth

What Is Wrapped Ampleforth (WAMPL)? Complete Guide Review About Wrapped Ampleforth.

What Is Wrapped Ampleforth (WAMPL)?

Wrapped Ampleforth is a durable, fully-algorithmic unit of account. For more information about AMPL please see the Introduction to Ampleforth entry. Although AMPL is an ERC-20 token that works natively with on-chain wallets and many decentralized finance applications, the nature of automatically changing balances sometimes calls for special technical considerations. Wrapped-AMPL is a token that wraps similar to wrapped ETH.

It facilitates ecosystem integrations on both centralized and decentralized platforms. In some cases wrapped-AMPL will be used almost invisibly in the background for bridging, routing, custody, etc. In other cases will be a direct access point for end users who want to take a position in the AMPL network, but don’t immediately need to use it as a unit-of-account.

Wrapped Ampleforth Storage Key Points

Coin BasicInformation
Coin NameWrapped Ampleforth
Short NameWAMPL
Circulating Supply477,006.00 WAMPL
Total Supply477,006
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Easy to Understand

Users have come to expect that asset prices go up when there’s more demand and down when there’s less demand for it. Wrapped Ampleforth has this easy to understand property as well, which means there’s less initial education required. Users can gradually develop an understanding of AMPL through WAMPL. If your platform supports ERC-20 tokens, it will support WAMPL by default without any technical considerations.

Non Rebasing

Wrapped Ampleforth automatically adjusts the quantity tokens in user wallets based on demand. This key feature allows AMPL to act as a decentralized unit of account and DeFi building-block. However, the nature of changing balances breaks traditional assumptions for matching engines, custodians, etc. Wrapped-AMPL has a simple floating price. Although WAMPL cannot be used as a unit-of-account as AMPL can, it can be held by users and network and unwrapped on-the-fly as needed.

How many WAMPL are there?

The supply of Wrapped Ampleforth depends on how much of the AMPL network has been wrapped by users. The maximum total supply of WAMPL is 10 million tokens—that is to say, if 100% of the world’s AMPL were to be wrapped, the total supply of WAMPL would be 10 million. Holding WAMPL provides exposure to AMPL. Although WAMPL has a floating price and cannot be used as a unit-of-account, from a portfolio’s perspective buying and holding WAMPL is equivalent to buying and holding AMPL.

Wrapped AMPL

Although AMPL is an ERC-20 token that works natively with on-chain wallets and many decentralized finance applications, the nature of automatically changing balances sometimes calls for special technical considerations. Wrapped-AMPL is a token that wraps AMPL similar to wrapped ETH. It facilitates ecosystem integrations on both centralized and decentralized platforms.

In some cases Wrapped Ampleforth will be used almost invisibly in the background for bridging, routing, custody, etc. In other cases WAMPL will be a direct access point for end users who want to take a position in the AMPL network, but don’t immediately need to use it as a unit-of-account.

Ampleforth Document Portal

AMPL is a durable, fully-algorithmic unit of account. The Ampleforth protocol transfers the volatility of demand from price per token to the number of tokens in user wallets by automatically adjusting supply in response to demand. Daily supply adjustments are automatic, universal, proportional, and non-dilutive. Although the quantity of tokens in user wallets can fluctuate according to demand, the token reverts to a stable price in the long-run.

For this reason Wrapped Ampleforth can be used as a unit of account without requiring centralized custodians or lenders of last resort. This portal links to the key resources on AMPL that help users understand the fundamentals of the protocol and it’s use-cases. This forum is dedicated to Ampleforth’s governance discussion for matters such as Ampleforth Improvement Proposals (AIPs), risk factors, and general governance discussions.