Review on Ampleforth by Aman Arora
Ampleforth projects works on stabilizing the price of tokens with dynamic supply of economics
• Ampleforth A New project with Innovative idea of dynamic supply . These type of moves are always considered to be taken when you specially try to maintain a balance between demand and supply. According to the project, fixed supplies of asset like Gold, Bitcoin and other other top derivatives as sudden spike in demand usually destabalize ecosystem with fixed supply of assets.
• Project is totally unique while implementing the concept of dynamic supply while there are seen methods adopted by economies to increase reserves & start printing more in case there is need to inject money to the economy but Ampleforth dealt this situation two way technique of increasing supply when price is low & decreasing the supply when it high.
• I still wonder how project with be able to control the coins already circulated in the market but if they are in wallets token availability will rise and decrease according to your wallet quantity. This is systematic approach as price informs supply algorimathicall and price informs supply behaviourly
• Simple to understand protocol which depends on which depends on expansion and contraction and complete dilute the act of synchronized and most of the coins are strongly synced with price of BTC and top coins but Ampleforth completely independent of such price movements and that is why it become easy to integrate Ampleforth with Defi application platforms.
Stability of price makes it easy to stake the coin and earn good profit from providing liquidity to staking pools.
Pros
- Simple to use price dynamics which controls the supply and demand without even oversupply the market
Cons
- Project is still in initial phases and requires time to adapt untill results are visible
