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Ampleforth integrates with Avalanche to introduce stablecoin alternative
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Fragments Inc, the team responsible for the development of the Ampleforth Protocol, has announced that the protocol will be integrated into popular blockchain Avalanche to facilitate the introduction of unit-of-account denomination model AMPL.
AMPL is an algorithmic computer programming language that holds promise as a decentralized method of denominating stable contracts for core functionalities in the DeFi space such as lending, borrowing and the deployment of on-chain derivatives.
Ampleforth's rebasing mechanism of daily adjusted supply levels enables the metric measurement of price value for user's token accumulation, as opposed to the traditional method of price-tracked volatility. These systemic rules are then encoded on Ethereum via
Read more on cointelegraph.comAbout this in other media
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