Founder @AmpleforthOrg | @SPOTprotocol | spot.cash | CEO Fragments | likes drawing | ampleforth.org | advisor @buttondefi |
San Francisco, CA
- Tweets 3,435
- Following 1,055
- Followers 10,621
- Likes 7,024
Pinned Tweet
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/the-sp…
@SPOTprotocol
@AmpleforthOrg
#SPOT
#AMPL
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"At a high level, decentralized banks like MakerDAO can be viewed as directionally reducing the role of centralized banks. We felt — along similar lines — it was time to gently expand the role of base-monies." @AmpleforthOrg
medium.com/ampleforth/defi-n…
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"One of crypto’s 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
medium.com/ampleforth/is-bit…
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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 😅
vimeo.com/manage/videos/7789…
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PSA: The FORTH DAO will be launching on Saturday. It will be one of the largest DAO's at inception.
$ampl
$forth
#forthdao
@AmpleforthOrg
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BAD ASSUMPTION 🚫
Designing systems based on popularly held beliefs about how financial instruments work, gives projects a built-in audience—and is a perfectly good practice.
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BAD Assumption:
Tokenizing USD thereby making it digital, programmable, and globally accessible, means we’ve fundamentally advanced money
GOOD Assumption:
Tokenizing USD doesn't fundamentally advance money. The unsolved remaining problem with respect to fiat is inflation.
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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
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Thread on #SPOT @Spotprotocol:
The promise of blockchain technology was to deliver a usable global currency, but today’s decentralized stablecoins are poorly conceived.
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Bad Assumption 🚫
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.
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"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/sergey…
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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 🍻
@AmpleforthOrg @brandoniles #MayTheForthBeWithYou $AMPL $FORTH
ampleforth.org/governance/cl…
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I think it’s sad that people are only crying for a decentralized alternative to USDC after the tornado sanctions, and I think it’s sad that people only care about inflation resistance in times of persistent price increases like today.
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For those of you who are starting to dive into SPOT, you'll quickly start learning about tranching.
@mrinconcruz and the @ButtonDeFi team have developed a super clean building block here that we use as part of SPOT's system, and I hope to see it used throughout the space.
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"It is a mistake to view the modern central-banking framework as a starting point for how to think about monetary blockchain protocols."
#btc #makerdao #ampl #defi
ampltalk.org/app/forum/front…
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The $AMPL rebasing monetary policy is now functioning across multiple chains. 🌈
This means you can send AMPL from #Ethereum to #BSC and the daily supply changes will seamlessly execute across all wallets (kinda magical) 🪄🌞
Check out the bridge:
bridge.ampleforth.org/transf…
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Sweet! Looks like $FORTH will be listed on @binance
Thanks @cz_binance 👍🥳
@AmpleforthOrg $AMPL $FORTH @richy_qiao @brandoniles
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It has been interesting to watch the market undergo the agony and ecstasy of learning just how different $AMPL is.
We sought to generate an idiosyncratic movement pattern, a new flavor of nondilutive randomness. And we have!
@AmpleforthOrg @CoinDesk
coindesk.com/first-mover-thi…
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FYI — We have basically built what Matt Levine describes here:
bloomberg.com/opinion/articl…
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The #AAVE UI is fixed. Wow, 86,459.52% APY on the #AMPL pool. 🎉
@The3D_ @AaveAave congrats on open-sourcing the interface. @AmpleforthOrg
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$FORTH is now supported by Coinbase custody!
Thanks @zosegal @richy_qiao @brandoniles
$AMPL 🤜🤛 $FORTH
@AmpleforthOrg
Coinbase Custody now supports deposits and withdrawals for Ampleforth Governance Token ($FORTH) custody.coinbase.com
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$AMPL is just the beginning. @AmpleforthOrg sneak peek on the future of elastic assets. It's time to build the E-Fi stack.
@brandoniles @njess @M_MannyRincon @nithinkrishh
ampleforth.org/roadmap/
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“talent hits a target no one else can hit; Genius hits a target no one else can see" — Arthur Schopenhauer
I've always thought this to be true
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Stoked about @asymmetryfin congrats! Looking forward to the deep dive
SPOT / tranched AMPL as collateral for a high yield synth dollar would be 🔥
Asymmetry is proud to announce a partnership with @AmpleforthOrg - integrating Ampleforth & Asymmetry technology to bring high yield to the synthetic dollar market.
The on-chain alternative to Ethena is around the corner...
In full, on @Cointelegraph 👇
cointelegraph.com/news/asymm…
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Our Chainlnk integration is going live!
Thanks @chainlink for all the hard work.@brandoniles @AmpleforthOrg #ampl #link $ampl $link medium.com/ampleforth/the-am…
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I guess #google now knows what $ampl rebasing is—that's gotta be a win. 😎 Great find @aalavandhan1984 @brandoniles
@AmpleforthOrg
#GoodVibesOnly
#DefiSummer
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Over 51% of $FORTH tokens have been claimed — 🍻
@AmpleforthOrg $AMPL + $FORTH @aalavandhan1984
duneanalytics.com/hildobby/F…
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"Markets are obviously shaken by the coronavirus, and bitcoin is an uncorrelated risk-asset, but a risk asset nonetheless" - Evan Kuo
Folks will protect first, then seek uncorrelated volatility
#btc @CharlesLBovaird @ForbesCrypto $AMPL @AmpleforthOrg
forbes.com/sites/cbovaird/20…
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Really grateful for the support of @cbventures on the SPOT #flatcoin. Long time coming!
@brandoniles @brian_armstrong @coinbase @AmpleforthOrg @SPOTprotocol
cointelegraph.com/news/ample…
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Hey man it’s okay
You tried something bold
You made disclaimers
You fully captured the zeitgeist of defi today (good and bad)
Hit me up if you wanna chat
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Most people in #defi think that a truly decentralized stablecoin locks in the sustainable recreation of all meaningful financial instruments on-chain.
I think we're just a couple instruments shy of being able to create a truly decentralized stablecoin. @mrinconcruz
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Just claimed my #UNI 🌈
#AMPL holders. If you purchased AMPL on @UniswapProtocol—and I'm pretty sure thousands of you did—you can go to uniswap.exchange and claim 400 #UNI immediately
@AmpleforthOrg
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Someone from our community bought the domain notastablecoin.org and set it up to redirect to the ampleforth website. 🪄🍻😂
Who is this mysterious hero / comedian?
@AmpleforthOrg
$AMPL + $FORTH
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Hey guys, wanted to get some quick feedback on a simple diagram for explaining $ampl — what do you think?
@AmpleforthOrg @mrinconcruz @micahjay1 #ampl #btc #stablecoins #MayTheForthBeWithYou
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Can't have a "run on the bank" if you're not a bank 😎
$AMPL
@AmpleforthOrg
@mcuban
@hasufl
@brandoniles
@mrinconcruz
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To clear up any confusion: The current proposal is to add $AMPL ONLY as a borrow asset and not as collateral. This means there's no added risk to the $Aave platform, only upside 😀👌🥳
@AmpleforthOrg @AaveAave @ahnaguib @The3D_
The vote to add AMPL as a borrow asset to Aave is now live! Here’s why we think this is a benefit for the Aave platform, and transformational for the DeFi ecosystem. Thread below 👇
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We’re at 99% utilization on AAVE 👀😅
@AmpleforthOrg
@The3D_
@AaveAave
@brandoniles
@richy_qiao
@mrinconcruz
$AMPL
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New #Binance listing: $FORTH
@ampleforthorg Governance Token is the native ERC-20 governance token of Ampleforth, which is an algorithmic stablecoin with a fluctuating supply.
Learn more ⬇️
research.binance.com/en/proj…
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Stoked to see $ampl rebasing smoothly on @avalancheavax 😊🪄☀️🌞❄️
#AMPLEverywhere @traderjoe_xyz @pangolindex
DeFi's unit of account is LIVE on @avalancheavax 🥳
Welcome $AMPL x $AVAX!! #AVAX #AMPLEverywhere @traderjoe_xyz @pangolindex
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Very excited about the coming launch of USDaf.
Will be awesome to see SPOT functioning as a low volatility collateral-asset
@AmpleforthOrg
Introducing USDaf, the inflation-resistant stablecoin for all.
Built in partnership with @AmpleforthOrg.
USDaf is the home for on-chain, transparent yield that far outpaces inflation - est 15-20% APY.
Welcome to the next generation stablecoin.
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The $AAVE governance proposal to increase max APY to 10,002% on the $AMPL pool is now live ... 🪄🌞
@AmpleforthOrg
@AaveAave
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I thought this was going to be a relaxed conversation, but i guess #ampl is a controversial concept. They came out guns blazing 😅
Still I’m grateful for having chatted with @epicenterbtc and would do it again
@AmpleforthOrg
There's been a lot of activity with #AMPL recently, as we all know. And in our interview with @evankuo we strived to get all the facts for you. Hear him talk about the community's reaction to the protocol. Has this interview changed your mind about @AmpleforthOrg?
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The idea of a decentralized on-chain stablecoin is still the only thing I’ve come across that simply can’t be a fleeting trend.
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We made this video for @AmpleforthOrg , somehow @saylor posts it with the Ampleforth watermark removed??
731K views 🤦♂️🤦♂️
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Made this GIF based on our new website ... testing to see how it looks on twitter @AmpleforthOrg
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Thanks so much @AshBennington and @RealVision for taking the time to chat. I really enjoyed it and hope to be back again. 🪄🌞🥳
@AmpleforthOrg
$AMPL
$FORTH
realvision.com/shows/the-int…
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We have some pretty solid work on this coming down the pipe, stay tuned for a more complete response @brandoniles @mrinconcruz 😀
If fiat backed stablecoins really become inflation coins (not so stable), then how will we get a coin that is truly stable?
Perhaps something that tracks a basket of real world goods (purchasing power parity) using oracles?
Ideas welcome.
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$AMPL was mentioned in a study in the @stlouisfed !
I've been a fan of their forward-looking studies for a long time, and often cite them in our materials. Kindof a huge honor!
Also, they describe us as: 1) A unit of account, and 2) Not a stablecoin 😃
research.stlouisfed.org/publ…
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2) #YAM is an experiment in open-source discretionary money. It's scarcity, soundness, and economic planning, will be a function of community discretion.
Welcome to E-Fi
(elastic-fi 😂)
@AmpleforthOrg #rulesvsdiscretion
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The UI for wrapping and unwrapping AMPL <> wAMPL is now available 🎉🪄🌞
wrap.ampleforth.org/
Another great @prl_one @AmpleforthOrg collaboration!
@aalavandhan1984 @mrinconcruz
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Excited about this analysis of the Ampleforth protocol from @gauntletnetwork as it specifically investigates the key assumptions behind our original paper.
More thoughts to come on their findings. Thanks @jmo_mx @tarunchitra @brandoniles @M_MannyRincon
@AmpleforthOrg
Given the astounding run-up in $AMPL price and market cap, much has been said about its mechanism.
We took a closer look at AMPL — analyzing the token's historical and trading behavior observed across exchanges.
gauntlet.network/reports/amp…
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First governance proposal going into snapshot @AmpleforthOrg 😃
$AMPL + $FORTH 🎉
Thanks @Guz_MassAdopt for the tutorial
If you're a FORTH holder be sure to delegate your tokens to yourself if you plan on voting with your FORTH tokens for snapshots and onchain votes.
For a walk through on how to delegate check out this guide from @Guz_MassAdopt guz-massadoption.medium.com/…
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Pretty amazing how far rebasing has come since we started @AmpleforthOrg
Congrats to @ElasticSwap 😀
elasticswap.org/
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SPOT has its own Twitter now! Give it a follow, lots to come soon
@SPOTprotocol
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FACT: Satoshi Nakamoto had at least one mother, so I'm sending her good vibes. Give your mom a call. Happy Mother's Day. 🪄🌞
#GoodVibesOnly
#DefiSummer
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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
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This is me channeling all the characters on tv who obsessively draw black circles and then somehow have insight into otherworldly or future phenomena. 🪄🔮
#GoodVibesOnly
#defi #aave #ampl
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wAMPL on the @coinbase roadmap finally!
@AmpleforthOrg #ampl #wampl #forth
blog.coinbase.com/increasing…
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Thanks for writing about us 😅 @MartinRivers @Forbes
@AmpleforthOrg
@SPOTprotocol
#ampl #spot
forbes.com/sites/martinriver…
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Add $ampl to $ftx US!
1) It’s easy since you already have the tech integration done with global.
2) (via Blockfolio) could quickly become a primary on-ramp for US users.
@SBF_Alameda
@AmpleforthOrg
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ETH/AMPL liquidity has surpassed $10mm—we are now the number one pool by a solid margin. Thanks everyone
@AmpleforthOrg @brandoniles
uniswap.info
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The first cross-chain app 🥳🔥🌞. I love that framing. Thanks @Meter_IO @xiaohanzhu @chizhao
@AmpleforthOrg + @Meter_IO +
@BinanceChain
cointelegraph.com/press-rele…
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The proposal to lift the APY cap on the $AMPL <> $AAVE pool is now live! 🌞
The goal of this proposal is to update APY rates so they can accommodate borrowing demand.
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#wen10002
@AaveAave
@AmpleforthOrg
@brandoniles
@The3D_
@StaniKulechov
app.boardroom.info/aave/prop…
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It’s great that exchanges are helping to educate the market! @krakenfx @AmpleforthOrg
kraken.com/learn/what-is-amp…
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The aAMPL pilot geyser (splendid) has been released. Excited 😊
@The3D_ @ahnaguib @brandoniles @AaveAave @AmpleforthOrg
geyser.ampleforth.org/
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So glad to have folks like @mrinconcruz helping to set the record straight about AMPL. And thanks @Cointelegraph for covering this.
@AmpleforthOrg $AMPL
cointelegraph.com/news/algor…
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The digital-cash narrative giveth, and the digital-cash narrative taketh-away. #StoryOfBitcoin 🪄🌞
#GoodVibesOnly
#DefiSummer
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Nice mention in the coinbase blog on synthetic assets blog.coinbase.com/around-the…
@AmpleforthOrg #ampl
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Thanks @StaniKulechov. Stoked to see this proposal moving into on-chain voting.
#ampl and #aave is a unique combination.
This proposition signals a willingness from the @AaveAave community to integrate an entirely new class of assets.
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1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so - check it out.
We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are the best time for building - why not start today?
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wAMPL moved from "under consideration" to "planned" ... nice!
@brandoniles @AmpleforthOrg @aalavandhan1984
Assets moved from “under consideration” to “planned” listings: BitDAO (BIT), Coin98 (C98), Gemini USD (GUSD), Index Cooperative (INDEX), Wrapped Ampleforth (WAMPL)
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To those who are newly wondering how @SPOTprotocol works, I encourage you to first understand what SPOT is designed to be.
Many questions are preemptivey answered by our basic thesis on LVCM's (low-volatility commodity-monies):
blog.ampleforth.org/the-asse…
@AmpleforthOrg
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"SPOT is a low-volatility derivative of AMPL, designed to move less dramatically in price. When AMPL's price changes significantly, SPOT's price adjusts slightly"
@brandoniles @brian_armstrong @AmpleforthOrg @SPOTprotocol @cbventures
theblock.co/post/303990/coin…
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#AMPL doesn’t break. It just hurts for a while sometimes.
@AmpleforthOrg
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This integration will be a big step forward for the space. Cheers to measuring twice and avoiding mistakes 🍻.
Also ... wen AAVE? 😂
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The insight of kydland-prescott was that discretionary systems are a game against rational economic agents
1. Agents know the rules
2. Agents know that the rules can be changed
They incorporate 2 into their strategy, which results in provably suboptimal outcomes
@AmpleforthOrg
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Another great piece by @hosseeb
"Aggregators will become the frontend of DeFi — they will own the users — and on-chain market makers will compete alongside AMMs"
Agree that professional mm's will compete alongside pools, also think special purpose AMM's are inevitable.
Uniswap is today the largest DEX in DeFi, and trades more volume than most centralized exchanges. But I believe that it's inevitable that Uniswap is going to be unbundled.
Here's what I believe the future of on-chain market making will look like:
medium.com/dragonfly-researc…
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stoked about this
$10 MILLION in AMPL Rewards.
Bootstrap the Evergreen Cycle ∞ spot.cash/staking/
Starts a Flywheel ➕ Ends Inflation
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There's a problem with how people are interpreting functions of money in crypto. We need to:
1) De-mystify MOE (Medium-of-Exchange)
2) Re-mystify SOV (Store-of-Value)
tldr; we don't need more MOE's, but we do need SOV's
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This guy gets it 😀
“AAVE has an acute need for users who borrow assets ... AMPL has strong borrowing demand and it appears the goal of this ARC is to make the depositor and borrower markets more efficient to better serve AAVE users”
BNM 🧠
governance.aave.com/t/arc-ra…
@AaveAave
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PSA: There's a lot of noise about stablecoins out there and it's hard to keep up. But decentralized stablecoin problem, the p2p digital-cash problem, the holy-grail crypto problem, has still not been solved.
#StayTuned
@AmpleforthOrg
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