Crypto & Chill: Ampleforth, Polkadot, and Ethereum 2.0!

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https://forum.web3.foundation/t/teams-building-on-polkadot/67

How ampl describes itself: Supply, Meet Demand ...
Demand for currencies is volatile. Varying economic circumstances like recessions, booms, and technological advances, affect how much currency people want to hold. In the case of fixed supply currencies like gold, silver, and Bitcoin, these changes in demand are expressed entirely by changes in the value of the currency.

This means the volatility of demand translates into the price of anything denominated in that currency—including contracts and notably debt. For this reason, sudden shocks in demand can destabilize ecosystems supported by fixed supply assets. The greater the complexity of an ecosystem built on fixed supply assets, the greater the risk of cascading failure.

To address this shortcoming, we gave AMPL the ability to fairly and automatically adjust its supply in response to demand, without any need for a bank. AMPL was designed to be the simplest direct solution to the supply inelasticity problem.


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