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Block Enthusiast 🔥🌱🌻🌪️ Profile picture
Block Enthusiast 🔥🌱🌻🌪️
@BlockEnthusiast
"a driving force towards autocracy is often preemptive compliance towards imagined expectations" DAO/DeFi Ponderer⟠ Shun the non believers! Shun!
Jul 13, 2020 • 17 tweets • 5 min read
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