Wrapped Ampleforth is a token that wraps AMPL, functioning in a similar way to wrapped ETH. It enables integrations across both centralized and decentralized ecosystems. Sometimes Wrapped Ampleforth (WAMPL) can be used behind the scenes for activities like bridging, routing, custody, and more. Other times, WAMPL serves as a straightforward entry for users who want exposure to the AMPL network, without needing AMPL immediately as a unit-of-account.

Key Benefits of Wrapped Ampleforth:

Fully Redeemable On-Chain - Wrapped AMPL can be fully redeemed for AMPL on-chainZero Technical Integration - If your platform supports ERC-20 tokens, WAMPL will be supported by default with no special technical workEasy to Understand - Since many users associate higher prices with stronger demand and lower prices with weaker demand, WAMPL offers a similar intuitive behavior. This can reduce the amount of initial education needed, letting users learn about AMPL progressively through WAMPLNon Rebasing - AMPL changes the amount of tokens in wallets automatically according to demand. This capability supports AMPL as a decentralized unit of account and a building block for DeFi. At the same time, balance changes can conflict with expectations in systems like matching engines, custodians, and others. Wrapped-AMPL instead uses a simple floating price. While WAMPL can’t be used as a unit-of-account the way AMPL can, it can be held by users and the network and then unwrapped on-the-fly when required. Fixed Supply - WAMPL has a maximum total supply of 10 million tokens. Holding 100000 WAMPL corresponds to holding 1% of the AMPL network. Network Effects Transfer - Since AMPL and WAMPL can be redeemed for each other in full, growth of the Ampleforth community and demand for AMPL carries over directly to demand for WAMPL, and vice-versa.

The Ampleforth protocol is a set of Ethereum blockchain instructions that generates a decentralized unit of account called AMPL. The AMPL token is the core component of the Ampleforth Elastic Finance Ecosystem. It’s used for lending & borrowing, the creation of derivatives, and as collateral for a decentralized stablecoin.