➕ Ampleforth, a decentralized unit of account. $AMPL and elastic supply, explained in minutes.

The adjustments implemented to the $AMPL rebase curve in September 2024 significantly transformed the dynamics and intensity of its supply cycles ⬇️ The adjustment specifically reduced the neutral supply bounds from ±5% of $AMPL's Price Target to ±2.5%. Average Rebase (Pre-September 2024): +2.71% -1.53% Average Rebase (Post-September 2024): +3.57% -5.23% This resulted in an increase in the intensity of positive rebases by +31.7% and negative rebases by a remarkable +241.8%. We can also view the impact of this change through the Average Rebase Cycle Length (in days). Average Rebase Cycle Length (Pre-September 2024): Positive Cycles: 12.65 days Negative Cycles: 20.33 days Average Rebase Cycle Length (Post-September 2024): Positive Cycles: 4.76 days Negative Cycles: 4.33 days Cycle lengths decreased dramatically: positive cycles by 62.4% and negative cycles by 78.7%. The overall effect of the change have been the near-elimination of rebase cycles of either kind under ±2%: While rebases have become more frequent, the substantial reduction in negative cycle lengths is particularly impactful, effectively addressing the challenge of prolonged supply contractions. Given these findings, it's clear the governance proposal implemented in September 2024 successfully achieved its goal of shortening contraction periods and stabilizing supply dynamics.

Why SPOT’s 22% Enrichment Rate Matters (and What it Means for Holders) ↓ If you’ve been watching lately, you might have noticed that the enrichment rate has quietly surged to 22%. What exactly does this mean? A dynamic basket of senior AMPL tranches backs $SPOT. Every week, this basket is rotated, with mature tranches being rotated out for fresh ones. The rotation vault itself is based on market dynamics, essentially responding to demand for high volatility $AMPL (stAMPL). When demand is high for volatility, more AMPL flows into $stAMPL than required, creating a surplus. SPOT then captures this surplus, converting it into “enrichment” as a way to incentivize minting or holding more SPOT tokens to bring stAMPL-SPOT demand closer to equilibrium. The current enrichment rate of 22% is particularly noteworthy because it signals substantial excess demand for leveraged exposure to AMPL (stAMPL). Here’s why this is bullish: As collateral in the rotation vault grows, each rotation increases the quantity of senior collateral per SPOT token, raising the mint floor and leading collected fees to flow to SPOT as a bonus yield. Higher demand for stAMPL ultimately means that there is excess demand for AMPL and a high expectation of an expansionary supply cycle. A high enrichment rate significantly increases the yield and value offering of SPOT, helping to attract additional stability seekers to the ecosystem.

Your money isn’t truly yours; it's just licensed to you. Whenever you hold fiat, you’re just accessing someone else’s balance sheet. Nothing more than a database entry controlled by withdrawal limits, shifting compliance rules, and policy changes. It is difficult to trust a system with countless failed promises and a lack of transparency. $SPOT is fundamentally different. It's bearer-owned, final, and irreversible. SPOT lives securely in your wallet, entirely under your control. No gatekeepers, no rental fees, and certainly no arbitrary revocation. With fiat, you rent access to your wealth, and yet still face massive debasement due to central bank policies and government spending. With SPOT, ownership is absolute and permanent. SPOT doesn’t know or care who you are. By design, it can't be frozen, censored, or reclaimed. Your money should truly be yours, no questions asked.

Introducing Amplewave ➕ our newest program that rewards steady involvement. → 👀 Show up. Stay active. Earn recognition. Every action strengthens the rise of LVAs and defines your legacy within it. Follow us, turn on notifications, and be ready.

Ampleforth ➕ The vision. The path. All revealed in our deep dive.

Most stablecoins can be paused. Circle has blacklisted nearly $100M in USDC across 275+ addresses, and Tether has frozen more than $500M to date. Ethena’s reliance on centralized exchanges introduces a single point of regulatory failure. It only takes one phone call. These are all deliberate features, not bugs. In contrast, @SPOTprotocol does not have admin keys, a pause function, or the ability to censor or reverse. It cannot be altered or halted by Circle, banks, or us. SPOT doesn’t know your name or address. That’s by design. Censorship resistance is a foundational requirement for trust-minimized money. Because when control exists, it’s eventually used. SPOT can’t be frozen because it was never built to obey.

I’m not an expert. Still learning. But this project clicked for me. Instead of copying stablecoins and their flaws… They built a real decentralized monetary system: → $AMPL → $SPOT → $FORTH Here’s why I invested. A thread for the curious:

We've been blown away by the response to the Amplifiers program these last few months. That said, we're still welcoming entries! ➕

Why not just hold $BTC? Because @SPOTprotocol exists. $SPOT gives portfolio architects a strategic asset to increase performance by limiting downside and earning yield on otherwise stable value holdings. Portfolios integrating both BTC and SPOT benefit from: - Bitcoin’s long-term upside - SPOT’s ability to smooth volatility and offer real yield Bitcoin’s long-term trajectory remains upward, but its occasional bouts of extreme volatility severely limit it as a reliable financial tool outside speculation or long-term value holding. BTC can routinely face 30% + drawdowns that completely erase its credibility for different financial applications, like contract denominations. In contrast, SPOT introduces a fundamentally new dynamic: scarcity and genuine stability. Designed to resist inflation and minimize volatility, SPOT sacrifices extreme upside potential for drastically reduced downside risk, creating a more practical asset that serves equally well as a store of value and a stable unit of account. Plus, SPOT generates consistent, real yield purely through organic market activity. So, SPOT acts like a yield-generating, low-volatility Bitcoin offering a more favorable risk profile throughout the market cycle.