Wrapped Ampleforth (WAMPL) offers a 1:1 pegged token to Ampleforth (AMPL) for enhanced usability in DeFi. More
| Fully Diluted Valuation | $3.35M |
|---|---|
| 24H Trading Volume | $45,004 |
| 24H Low / High | $2.29 / $ 2.42 |
| Circulating Supply | 1.42M |
| Total Supply | 1.42M |
| Max Supply | 10.00M |
| Categories | Wrapped-Tokens 3 more |
|---|---|
| Founder | Brandon Iles 2 more |
| Website | ampleforth.org |
| Socials | |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Basescan 3 more |
| Contracts |
0xedb....b49ef
1 more
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| Name | Pair | OG Score |
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Wrapped Ampleforth (WAMPL): Enhancing Accessibility and Utility in DeFi
Wrapped Ampleforth (WAMPL) has emerged as a valuable addition to the decentralized finance (DeFi) landscape, offering users increased accessibility and utility for the Ampleforth (AMPL) token. Launched in April 2020, WAMPL provides a bridge between the AMPL token and various blockchain networks, such as Ethereum, enabling seamless interoperability and enhanced liquidity for users.
Seamless Interoperability and Enhanced Liquidity
One of the key features of WAMPL is its 1:1 peg with AMPL, ensuring that each WAMPL token is backed by one unit of AMPL. This peg maintains price stability and allows users to trade WAMPL with confidence, knowing that its value is directly linked to that of AMPL. This feature also enhances the usability of AMPL in DeFi applications, as WAMPL tokens can be easily traded and used in decentralized exchanges (DEXs), lending platforms, and other DeFi protocols.
Price Stability and Confidence in Trading
Another significant advantage of WAMPL is its cross-chain compatibility. By being compatible with multiple blockchain networks, WAMPL expands the reach of AMPL and enables users to access AMPL liquidity on different platforms. This interoperability enhances the overall utility of AMPL and contributes to its adoption in the broader DeFi ecosystem.
Cross-Chain Compatibility for Expanded Reach
Additionally, WAMPL tokens are governed by smart contracts that ensure their security and integrity. These contracts are designed to protect users' assets and provide them with a reliable and secure means of participating in DeFi activities. This security feature is crucial in the decentralized finance space, where the risk of fraud and hacking is ever-present.
Smart Contract Governance Ensuring Security
Furthermore, WAMPL holders have the opportunity to participate in the governance of the Ampleforth protocol. Through their WAMPL holdings, users can vote on proposals and decisions that impact the future of the ecosystem. This decentralized governance model ensures that the interests of the community are represented and that the protocol remains responsive to the needs of its users.
Community Participation in Protocol Governance
WAMPL was founded by a team led by Brandon Iles, Evan Kuo, and Simon Manka, who have been instrumental in the development and growth of the project. Their vision and expertise have helped to shape WAMPL into a valuable asset for the DeFi community, providing users with a reliable and efficient means of accessing and utilizing the AMPL token in the decentralized finance ecosystem.
Wrapped Ampleforth (WAMPL) stands out for its 1:1 peg with Ampleforth (AMPL), ensuring price stability and boosting confidence in trading and usability in DeFi applications.
Wrapped Ampleforth (WAMPL) was founded by a team led by Brandon Iles, Evan Kuo, and Simon Manka, who have been instrumental in its development and growth.
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