Wrapped Ampleforth is a token that wraps AMPL similar to wrapped ETH. It facilitates ecosystem integrations on both centralized and decentralized platforms. In some cases Wrapped Ampleforth (WAMPL) will be used almost invisibly in the background for bridging, routing, custody, etc. In other cases WAMPL will be a direct access point for end users who want to take a position in the AMPL network, but don't immediately need to use it as a unit-of-account.

Key Benefits of Wrapped Ampleforth:

Fully Redeemable On-Chain — Wrapped AMPL is fully redeemable for AMPL on-chainZero Technical Integration — If your platform supports ERC-20 tokens, it will support WAMPL by default without any technical considerationsEasy to Understand — Users have come to expect that asset prices go up when there’s more demand and down when there’s less demand for it. WAMPL has this easy to understand property as well, which means there’s less initial education required. Users can gradually develop an understanding of AMPL through WAMPLNon Rebasing — AMPL automatically adjusts the quantity tokens in user wallets based on demand. This key feature allows AMPL to act as a decentralized unit of account and DeFi building-block. However, the nature of changing balances breaks traditional assumptions for matching engines, custodians, etc. Wrapped-AMPL has a simple floating price. Although WAMPL cannot be used as a unit-of-account as AMPL can, it can be held by users and network and unwrapped on-the-fly as needed. Fixed Supply — The maximum total supply of WAMPL is 10 million tokens. Holding 100000 WAMPL is equivalent to holding 1% of the AMPL network. Network Effects Transfer — Because AMPL and WAMPL are fully redeemable for one another, the growth of the Ampleforth community and demand for AMPL translates directly to demand for WAMPLand vice-versa.

Ampleforth protocol is a set of instructions on the Ethereum blockchain that produces a decentralized unit of account called AMPL. The AMPL token is the primary building block of the Ampleforth Elastic Finance Ecosystem. It is used for lending & borrowing, for the creation of derivatives, and as collateral for a decentralized stablecoin.