Wrapped Ampleforth
Crypto Overview
Overview
Wrapped Ampleforth (WAMPL) is the wrapped version of AMPL, representing a fixed number of AMPL gons (the underlying unit of account for AMPL balances). WAMPL was created to make the Ampleforth protocol more accessible to DeFi applications while maintaining the core elastic supply mechanism of AMPL.
Purpose and Utility
The primary purpose of WAMPL is to provide a more standardized way to interact with the Ampleforth ecosystem in DeFi applications. While AMPL's supply adjusts based on demand (rebasing), WAMPL maintains a constant supply with its price reflecting both AMPL price movements and rebase effects.
Business Model and Operations
The token operates through a smart contract that wraps AMPL tokens, allowing users to participate in the Ampleforth ecosystem through a more traditional ERC-20 token format. The wrapping mechanism is transparent and verifiable on-chain.
Real-World Adoption
WAMPL is primarily used in DeFi applications and trading. It has achieved integration with various DeFi protocols and exchanges, serving its intended purpose of making Ampleforth more accessible to DeFi users.
Platform Development
The project maintains active development, with regular updates to the protocol and integration support. The team continues to work on expanding WAMPL's utility within the DeFi ecosystem.
Crypto Impact
To assign a comfort level investing in Wrapped Ampleforth from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Wrapped Ampleforth.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.