Discover and read the best of Twitter Threads about #ampleforth
Most recents (2)
#Ampleforth $AMPL : clue of S3 (distribution) ? We might have a top here (marketcap chart). 
#Ampleforth $AMPL - see how that's efficient ? Even from the lower support, it's an instant -40% drop. S3 was in and now kicked a S4 stages (mark down).
#Ampleforth $AMPL - This is what happen in a mark down (S4)
1/ Hey there, Ladies and Gents!
Step right up to learn about:
The Magical
The Mysterious
The Infamous
First of its kind
Destroyer of FUD
Flipper of Paradigms
Decimater of Order Books
Adaptive Moneyyyyyyyyyyyyy
#Ampleforth
Step right up to learn about:
The Magical
The Mysterious
The Infamous
First of its kind
Destroyer of FUD
Flipper of Paradigms
Decimater of Order Books
Adaptive Moneyyyyyyyyyyyyy
#Ampleforth
2/ Before we dive into the current market, lets talk background.
AMPL is Adaptive Money which uses supply smoothing. Every night it adjusts its supply 1/10th of the way towards its target price.
1/10th is to make sure it does not over adjust and to not overly shock the market
AMPL is Adaptive Money which uses supply smoothing. Every night it adjusts its supply 1/10th of the way towards its target price.
1/10th is to make sure it does not over adjust and to not overly shock the market
3/ Why is this cool?
This has two functionalities. Early stage, it acts as a pump to add arbitrage opportunities on the way up.
Late stage it acts as an anchor to keep price rooted when the market cap is less volatile.
This has two functionalities. Early stage, it acts as a pump to add arbitrage opportunities on the way up.
Late stage it acts as an anchor to keep price rooted when the market cap is less volatile.
