There is a lot of new attention on $AMPL today.. so here are some basics 🧵: $AMPL is not a stablecoin! So what is it and what does it do?

This will be an interring discussion

If we are building a system, it should work in every scenario. vitalik.eth acknowledges this and calls for designs that safely wind down to zero (because this implicit feedback is inevitable). vitalik.ca/general/2022/0…

This is why we created the `PerpetualTranche` protocol. SPOT is the first and maybe most novel implementation of this protocol. Eventually we'll have perpETH and perpBTC. I look forward to building those out along with the rest of the DeFi community. Fin. :)

ICYMI, yesterday we held a Q&A on SPOT that covered: - launch specifics & bond configurations - run-resistance & redemption - Uniswap v3 pools, concentrated positions - and more

"Bank runs are a common feature seen in extreme crises that have played a prominent role in monetary history" - 2022 Nobel Prize winners Diamong & Dyvbig SPOT is not vulnerable to runs due to how it treats redemption🧵

Join us and Ampleforth on Friday for Twitter Spaces with the Core Devs and Advisors🎙

Join us for a Dev discussion led by our old friend Mark Toda from Uniswap Labs 🦄 tomorrow! x.com/i/spaces/1LyxB…

Check out some HourGlass coverage from the @TheBlockRes🧃 theblockresearch.com/searching-for-…

Rebase Statistics back online. Filters and features will come back soonTM. ampltools.com/SoTN/rebase/

What is the difference between: dApp and dΛpp ? Anyways a new dΛpps page. Portal stuff found here -> ampltools.com/SoTN/dapps

Due to a yesterdays change in Twitters App, Spaces is unavailable. We are moving this event to Discord and will begin in 10 minutes (link in next tweet):

With Twitter Spaces no longer in existence, this discussion is shifting to Buttonwood’s discord server! Join us here discord.gg/7umz24Ykpc

Upcoming Twitter Spaces - SPOT The Inflation Resistant Stablecoin? Here's what to expect🧵

Characteristics of what we call 'responsibly-designed' independent money: - no reliance on lenders of last resort - no risk of undercollateralization - no reliance on continual growth - no explicit feedback loops - no risk of bank runs - no opaque risk - no liquidations

x.com/i/spaces/1YpKk…

New Bug Bounty 🚀 SPOT has launched their BBP on Immunefi! SPOT is a perpetual note backed by fully collateralized AMPL derivatives. Ampleforth Find bugs - get $10,000! immunefi.com/bounty/spot/

Introducing the bug bounty 🪲 program for #SPOT on Immunefi! Launched to strengthen the inflationary-resistant store of value #SPOT, this new program will be focused on further strengthening the security of #SPOT. Learn more 👇👇 immunefi.com/bounty/spot/

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