Wrapped Ampleforth

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.