Ampleforth protocol is a set of instructions on the Ethereum blockchain that produces a decentralized unit of account called AMPL. The AMPL token is the primary building block of the Ampleforth Elastic Finance Ecosystem. It is used for lending &amp; borrowing, for the creation of derivatives, and as collateral for a decentralized stablecoin. AMPL's price targets the CPI adjusted 2019 USD, but the number of AMPL tokens in user wallets automatically increases or decreases based on demand. AMPL will deviate from its target when market demand indicates there is too much or too little supply, but the price per AMPL will always eventually return to its long-run target.&nbsp;Use cases of AMPL:<ul><li>Decentralized Lending</li><li>Decentralized Derivatives</li><li>Decentralized Stablecoin.</li></ul>

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The AMPL protocol automatically adjusts supply in response to demand. When price is high, wallet balances increase. When price is low, wallet balances decrease. AMPL is non-dilutive. Supply adjustments are applied universally and proportionally across every wallet’s balance. This means your percent ownership of the network remains fixed. AMPL's unique incentives allow it to decouple from Bitcoin's price pattern. This&nbsp;reduces systematic risk&nbsp;by adding diversity to a homogeneous ecosystem.

Ampleforth

AMPL is a durable, fully-algorithmic unit of account that targets the CPI adjusted 2019 USD

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