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Category: Derivatives
TVL: $215K

Ampleforth

Ampleforth provides decentralized financial infrastructure built around AMPL, a price-stable but supply-volatile cryptocurrency used as a unit of account and collateral asset. The ecosystem includes FORTH governance, tranching primitives for creating derivative assets with different volatility profiles, and the SPOT protocol, which uses tranching to provide a decentralized flatcoin. It also operates Geysers, smart-faucet staking programs that incentivize AMPL and SPOT on-chain liquidity.
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Funding Rounds

Funding Round: Unknown
Funding Date: 1 Dec, 2018
Raised Amount: $1.8M
Funding Round: Seed
Funding Date: 1 Mar, 2018
Raised Amount: $3M

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SPOT Protocol

SPOT Protocol produces SPOT, a low-volatility commodity-money and decentralized flatcoin, by reorganizing AMPL’s supply volatility into perpetual senior and junior tranches. The protocol provides an application for deposits, redemptions, brokering, and wallet interactions, and supports liquidity provision and staking programs for the SPOT:USDC pair. SPOT is intended for users seeking a decentralized store of value, peer-to-peer digital cash, or alternative collateral asset.
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