Discover and read the best of Twitter Threads about #ampleforth

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#Ampleforth $AMPL : clue of S3 (distribution) ? We might have a top here (marketcap chart). Image
#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). ImageImage
#Ampleforth $AMPL - This is what happen in a mark down (S4)
Read 7 tweets
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
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
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.
Read 17 tweets

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