SPOT Protocol

SPOT Protocol

SPOT is a decentralized, low-volatility store of value, also described as a flatcoin, designed to be a stable, inflation-resistant, and censorship-resistant unit of account. It operates through a system of perpetual tranching and is over-collateralized by assets like Ampleforth (AMPL). SPOT aims to provide high, sustainable yields through liquidity provisioning for stablecoin pairs, such as the SPOT/USDC pair on Uniswap V3, generating returns from trading fees that persist even in sideways markets.
Distributed

FORTH DAO


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Description

AMPL is a price-stable but supply volatile cryptocurrency that targets the CPI-adjusted dollar. It is used as a unit of account and collateral asset. The AMPL protocol automatically increases or decreases the quantity of tokens in user wallets such that the price of AMPL reverts to 1 CPI-adjusted dollar.


SPOT Cash


Project Links


Description

SPOT is a low-volatility commodity money created by reorganizing the volatility of its underlying collateral asset, AMPL, into two derivative assets: SPOT and stAMPL. It is designed to be durable, decentralized, and inflation-resistant, providing a stable asset for commerce.

Category: Algo-Stables
TVL: $873K

Chains:
Ethereum