Why $ASF?

$ASF - Asymmetry Finance Governance token will govern all pillars of the Asymmetry ecosystem, including the groundbreaking high-yield synthetic dollars: USDaf and AmpUSD.

Why $ASF? (Written Pre-Fjord Sale + Pre-USDaf launch in ~October 2024)

Asymmetry is already a revenue powerhouse as of 2024. It is on pace to generate millions in user revenue - without relying on the typical DeFi tactic of printing governance tokens to unsustainably inflate yields.

All revenue was directed back to users of the platform. Asymmetry's commitment to putting the community first is clear through its real, sustainable revenue generation and redistribution.

Asymmetry pioneers novel ways of combining composable DeFi pieces to deliver users the highest yield on the market. First with ETH Staking and Convex wrappers, and now revolutionizing the synthetic dollar: AmplUSD.

Why will AmplUSD be important for $ASF holders?

AmplUSD is inspired by DAI's successful and resilient Collateralized Debt Position (CDP) model and achieving yield akin to Ethena – the first secure inflation-resistant stablecoin to hit this trillion-dollar market.

DAI is the longest-existing stablecoin in crypto – proving the resilience of a CDP dollar. Ethena has become a household name due to its rapid success. However, Ethena was created for institutions – whereas AmplUSD is created for everybody. Ethena requires centralized entities to be at play, while they take dollars off-chain to generate yield. Crucially, AmplUSD is permissionless and decentralized.

DAI’s market cap tops $6B, exemplifying the desire within DeFi for a CDP model, but the yield isn’t high.

Ethena scaled to over $3B in TVL in mere months – proving demand for a high-yield dollar.

AmplUSD is a hybrid of these: a CDP model stablecoin, and delivering a high-yield dollar. An on-chain dollar, accessible to all, that consistently outpaces inflation, with no manual transactions to claim yield.

AmplUSD is a set-and-forget stablecoin built for the masses - designed to be so easy that your mom can use it.

Asymmetry believes in core crypto values of transparency, decentralization, and open-source smart contract based solutions. Thus, Asymmetry has designed an entirely on-chain high-yield synthetic dollar: AmplUSD👇

• On-Chain Dollar

• 15-40% APY + Inflation Resistant

• CDP Design

• Permissionless + Scalable

• Trillion Dollar Opportunity

• Decentralized DAO Governance

Upon launch, Asymmetry, backed by strong partners, aims to capture over $1B in TVL. As trust and reputation grow, Asymmetry can leverage its connection with F-Prime, Fidelity Investments’ token fund affiliate, to attract further institutional expansion.

With 15-40% APY, $ASF holders could vote to turn on a portion of fees for users, capturing a spread of the revenue. For example, a 3% spread on $1,000,000,000 in TVL represents $30M in annual revenue passed to $ASF holders, all while delivering a high-yield synthetic dollar that still far outpaces inflation.

AmplUSD is bringing unprecedented utility to the Ampleforth community, with the 5-year-strong AMPL community eagerly awaiting product launch.

AmplUSD will launch *after* $ASF TGE, so the decentralized community will have power over where protocol revenue is directed.

How will AmplUSD be governed?

That’s a lot of power! Far too much for a centralized group behind closed doors to manage.

$ASF holders will govern the ecosystem, revenue, and future.

Asymmetry is built for the people, and so it shall be governed by the people.

In addition, as Asymmtery's product catalog continues to grow beyond AmplUSD and USA.d too, all future products are designed with $ASF at the core of the ecosystem. $ASF's possibilities are endless.