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  1. AmpUSD - STABLECOIN

How does AmpUSD work?

PreviousThe Gem Rush ($ASF Airdrop)NextThe Market Opportunity

Last updated 24 days ago

Introducing AmpUSD

An Unprecedented Stablecoin - AmpUSD is the first stablecoin ever to be backed by AMPL & SPOT - A truly unique form of collateral.


What is AmpUSD?

AmpUSD is a synthetic dollar, part of a collateralized debt position (CDP), backed by Ampleforth's AMPL and SPOTโ€Šโ€”โ€Ša low-volatility commodity money token, also known as a โ€œflatcoin.โ€ SPOT is designed to adjust its value to track inflation.


How does AmpUSD work?

Users can deposit AMPL or SPOT as collateral into the protocol and mint AmpUSD against it. What sets AmpUSD apart is that users can customize their loan-to-value (LTV) ratio and interest rate, offering a high degree of user flexibility.

As SPOT is designed to increase in value over time by tracking inflation, the value of the collateral typically rises, reducing the LTV without needing additional collateral. This allows users to either โ€œset it and forget itโ€ or borrow more AmpUSD as needed.

Adopting the SPOT mechanism within AmpUSD's infrastructure facilitates a stablecoin that is permissionless, decentralized, and fully customizable, all while outpacing inflation. Asymmetry arenโ€™t the only ones that share this philosophy:

For more information on SPOT, check out the .

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SPOT Primer