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The $SPOT decentralized flatcoin is the culmination of a five-year-long endeavor. Required reading for anybody serious in the stablecoin space.
medium.com/ampleforth/theโฆ
@SPOTprotocol
@AmpleforthOrg
#SPOT
#AMPL
Evan Kuo ๐
3,435 posts
Evan Kuo ๐
@evankuo
Founder @AmpleforthOrg | @SPOTprotocol | spot.cash | CEO Fragments | likes drawing | ampleforth.org | advisor @buttondefi |
- "At a high level, decentralized banks like MakerDAO can be viewed as directionally reducing the role of centralized banks. We felt โ along similar lines โ it was time to gently expand the role of base-monies." @AmpleforthOrg medium.com/ampleforth/defโฆ
- "One of cryptoโs most vocal antagonists is caught actively reinforcing a narrative that supports Bitcoin, even as he wishes a swift death upon it" $BTC #bitcoin #economics #crypto #defi #narrative #uncorrelated @AmpleforthOrg $AMPL #oraclizedmoney
- Today we will be launching SPOT, an inflation-resistant stable asset designed to operate under all market conditions that can safely wind down to zero users without bailouts. SPOT reflects our work on stablecoin designs over the past 4 years ๐ vimeo.com/manage/videos/โฆ /1
00:00 - PSA: The FORTH DAO will be launching on Saturday. It will be one of the largest DAO's at inception. $ampl $forth #forthdao @AmpleforthOrg
GIF - BAD ASSUMPTION ๐ซ Designing systems based on popularly held beliefs about how financial instruments work, gives projects a built-in audienceโand is a perfectly good practice. /1
- BAD Assumption: Tokenizing USD thereby making it digital, programmable, and globally accessible, means weโve fundamentally advanced money GOOD Assumption: Tokenizing USD doesn't fundamentally advance money. The unsolved remaining problem with respect to fiat is inflation. /1
- Given that no system can promise stability forever, what we need is a decentralized system that can: 1) Support extremely long-lived periods of stability 2) Degrade / resume gracefully outside discrete price and collateralization-ratio bands without bailouts @SPOTprotocol
- Thread on #SPOT @Spotprotocol: The promise of blockchain technology was to deliver a usable global currency, but todayโs decentralized stablecoins are poorly conceived. /1
- Bad Assumption ๐ซ The use of over-collateralization in combination with liquidation markets to secure synthetic value is a commonly accepted and necessary practice within DeFi. It can thus be used as a safe mechanism for securing value in base assets. /1
- "In the months that followed, Sergey continued to support us ... surely he cared about oracles, but he cared even more about what developers would one day do with them." #oraclizedmoney $AMPL @SergeyNazarov @AmpleforthOrg @chainlink $LINK #defi medium.com/ampleforth/serโฆ
- Hey all, just wanted to introduce FORTH a new governance token for AMPL. Anybody who has interacted with the AMPL ecosystem on-chain can claim a portion of the network! Cheers ๐ป @AmpleforthOrg @brandoniles #MayTheForthBeWithYou $AMPL $FORTH ampleforth.org/governance/claโฆ
