#FORTHDAO has $1.5M in $AMPL / $ETH LP tokens on @Uniswap as some of it's first protocol owned liquidity 🥳
Keep tabs on the treasury wallet here: https://t.co/6622efubLw $FORTH $wAMPL
Happy Friday!
Join us later today on Twitter Spaces to hear about what's going on in crypto and the economy.
ADJUSTMENT: The conversation has been pushed back 1 hour to 2pm PDT⏰
We look forward to seeing you then!🚊
@ElasticSwap is excited to announce that @1inch has integrated our pools on #Ethereum 🚀🚀 A big THANK YOU to @tanz0rz and his team for getting this done so quickly!
$TIC-USDC, $AMPL-USDC, and $FOXy-FOX
Have a great weekend and happy swapping!
Why we've never called $AMPL a stable, is because it doesn't try to remove any volatility (only translate it to supply). Everyone has the same vol exposure, so no extra risk needs to be added and payed for. Hence, AMPL can provide Unit of Account while being non-dillutive.
A zero-risk algo stablecoin is impossible, because volatility can't magically be removed from a system--it has to be translated somehow, into risk.
The question to ask for any algo stable: Who holds the risk, and how are they compensated for it?
Been getting a lot of questions about AMPL in the wake of #UST because we're often compared to algo-stables.
I'd be thrilled to claim that AMPL is an algo-stable because it has consistently returned to target without intervention, but it's not a stablecoin at all.
1/n
If you look closely, $AMPL went to $0.40s couple times. And then recovered. ON ITS OWN.
No injections.
No lender of last resort.
No $ROPE.
If you want something that lasts: it shouldn’t fail when you let it fail. #LUNA#UST@AmpleforthOrg
$AMPL is a proud mainnet launch partner of @ElasticSwap -- the first #Elastic AMM 🥳
The $AMPL / $USDC pool has over 1M in liquidity and staking is live 🥂
https://t.co/xV5kCcRX6N
Learn more: https://t.co/frrKct9C5D
@ElasticSwap is live on #Ethereum with our early launch partner @AmpleforthOrg and an $AMPL-USDC pair.
Ampleforth stepped up in a BIG way and with a HUGE vote of confidence in our team, with $1M in liquidity for the pool.
ElasticSwap-Ampleforth: LFG 🚀 https://t.co/4a2l6B2lRG
$AMPL-USDC and $FOXy-FOX pools are live on #Ethereum and tradable on @ElasticSwap 🚀🚀🚀
You can #swap via the ElasticSwap website, provide liquidity, and earn #StakingRewards in our staking pools!
The future is #elasTIC
The best example of an elastic supply token is @AmpleforthOrg (#AMPL). It is an #Ethereum-based token that aims to keep a stable purchasing power. It is one of the first elastic supply tokens as far as their history is concerned. It's better than you think, keep reading!
7/26
Did you know that the $FORTH holders control over 10.8% of the $AMPL supply?
This $AMPL is in the #ForthDAO and at the discretion of $FORTH holders through proposals and votes:
https://t.co/4es6LzMBTw
Calculator compliments of Coin Tools link from @Ampltools1