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SPOT Protocol
SPOT Protocol is a decentralized flatcoin protocol that creates the low-volatility SPOT asset by tranching AMPL. It supports holding, minting, redeeming, and liquidity provision for SPOT.
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Spot
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Description
Spot is a decentralized protocol that uses perpetual tranching of AMPL to create SPOT, a rotating basket of Senior AMPL tranches, and stAMPL, a rotating basket of Junior AMPL tranches. SPOT has no fiat peg and is designed to be a mean-reverting, lower-volatility, inflation-resistant commodity money. The protocol also supports SPOT/USDC liquidity provision and a Bootstrap rewards program for managed Uniswap V3 positions.Category: Derivatives
TVL: $215K
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AMPL
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Description
AMPL is a price-stable but supply-volatile cryptocurrency designed to target one CPI-adjusted dollar. Its protocol automatically expands or contracts token quantities in holders’ wallets to move the token price back toward its target. AMPL is used as a unit of account and as collateral for the SPOT protocol, and is intended to support use cases such as on-chain lending, borrowing, derivatives, tranching, and decentralized stablecoin collateral. FORTH is the governance token for the Ampleforth Protocol and DAO.Category: Stablecoin Issuance