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.