Ampleforth (AMPL) API and Price Oracle

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Ampleforth

AMPL
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0xD46b...A161
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Ampleforth (AMPL)?

Ampleforth (AMPL) is a cryptocurrency that aims to be a stablecoin with a unique twist. It uses a monetary policy that adjusts its supply in response to demand, making it less volatile than other cryptocurrencies. It was founded by Evan Kuo in 2017 under the company Fragments Labs. The name "Ampleforth" is inspired by the futuristic dystopian novel "1984." AMPL is designed to maintain a constant value through its supply adjustments.

How does Ampleforth work?

Ampleforth is a unique cryptocurrency that aims to provide a stable value while still being tradeable on the blockchain. It utilizes a combination of economic principles and blockchain technology to achieve this goal.

Ampleforth operates on the Ethereum blockchain, utilizing smart contracts to facilitate its functioning. The underlying technology behind Ampleforth is referred to as an "adaptive base-money," which means that the supply of Ampleforth tokens adjusts in response to changes in demand. This is achieved through a process called "elastic supply."

The elastic supply mechanism of Ampleforth works as follows: when the demand for Ampleforth increases, the smart contract automatically mints new tokens and distributes them to token holders, increasing the supply. Conversely, when the demand decreases, the smart contract reduces the supply by removing tokens from the circulating supply.

The goal of this process is to maintain a target price for Ampleforth, which is based on a predetermined price target. By adjusting the supply, Ampleforth aims to maintain a stable value over time, making it an attractive option for individuals looking for a stable store of value within the volatile cryptocurrency market.

It is important to note that while Ampleforth provides stability in its own market, its value can still be influenced by external factors such as market movement and fluctuations in the overall cryptocurrency ecosystem. Users should exercise caution and conduct their own research before engaging in any cryptocurrency transactions.

What are the benefits of Ampleforth?

Ampleforth is a cryptocurrency that brings a unique approach to maintaining stable value. Here are some of the benefits it offers compared to its direct competitors:

1. Price Stability: Ampleforth aims to achieve price stability by adjusting its token supply. Unlike stablecoins that peg their value to a traditional fiat currency, Ampleforth adjusts its supply daily based on the demand. This adjustment helps in maintaining a more stable value over time.

2. Decentralization: Ampleforth is built on a decentralized blockchain, which means it is not controlled by any central authority. This decentralization ensures transparency, censorship resistance, and eliminates the risk of a single point of failure.

3. Elastic Supply: Ampleforth's supply adjusts automatically, expanding during periods of high demand and contracting during periods of low demand. This elastic supply mechanism aims to reduce volatility and maintain purchasing power.

4. Diversification: Ampleforth provides investors with an alternative asset class that is not correlated with traditional markets. This diversification potential allows for risk mitigation and can help protect portfolios in times of market turbulence.

Compared to its direct competitors, such as stablecoins like Tether (USDT) or USD Coin (USDC), Ampleforth's unique approach to price stability and the elastic supply mechanism sets it apart. It offers a distinct way to maintain a stable value while also promoting decentralization and diversification. However, it is important to conduct thorough research and understand the risks associated with any cryptocurrency investment.

What is Ampleforth used for?

Ampleforth is a blockchain-based cryptocurrency designed to be a stablecoin with a unique property of elastic supply. It is used to maintain its purchasing power over time by automatically adjusting its supply based on changes in demand. This mechanism, known as "elastic supply," aims to keep the value of Ampleforth stable, even amidst fluctuations in market conditions.

One common use case for Ampleforth is as a medium of exchange and store of value. Its stability feature makes it a convenient means of conducting transactions and holding assets over more volatile cryptocurrencies. Users can trade and transact with Ampleforth without worrying about significant value fluctuations.

Additionally, Ampleforth can be used as a hedge against inflation. When traditional fiat currencies experience high inflation rates, people may turn to stablecoins like Ampleforth to preserve their wealth. Its elastic supply mechanism allows it to adapt to changes in purchasing power, which can help maintain the stability of funds during inflationary periods.

Another specific use case for Ampleforth is as collateral in decentralized finance (DeFi) protocols. This allows users to lock up their Ampleforth tokens as collateral to borrow other cryptocurrencies or stablecoins. By utilizing Ampleforth in DeFi applications, users can access various financial services while still benefiting from the stability features of the token.

In summary, Ampleforth is primarily used as a stablecoin with an elastic supply mechanism, making it suitable for medium of exchange, store of value, and hedging against inflation. It can also be utilized as collateral in DeFi protocols, unlocking additional financial opportunities for users.

What is DIA's Ampleforth API?

DIA's Ampleforth API is one of the many API endpoints provided by DIA that offer real-time price feeds of various crypto assets. These price feeds are created by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges. This extensive data collection allows DIA to provide a level of accuracy and reliability that sets them apart from other web3 data providers.

While DIA offers free API endpoints for developers to test, the true value lies in their custom feeds. These custom feeds can be tailored to meet specific requirements, including the selection of sources, methodologies, update mechanisms, and more. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are diverse, spanning across various areas within the blockchain ecosystem. In the realm of DeFi, the price information from DIA's APIs can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Moreover, in the NFTfi space, DIA's APIs enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

With DIA's Ampleforth API and other API endpoints, developers can access accurate and up-to-date price data to power their applications and services. The availability of both free and custom feeds ensures flexibility and adaptability to meet specific user needs. To support developers in building innovative blockchain solutions, DIA offers a comprehensive API infrastructure.

What is DIA's Ampleforth price oracle?

DIA's Ampleforth price oracle is a smart contract that provides real-time price feeds for crypto assets. Built by sourcing data from over 85 on-chain and off-chain exchanges, DIA is able to deliver accurate and reliable price data that other web3 data providers cannot. DIA's price oracles are integrated with 35+ layer 1 and layer 2 networks, allowing for the deployment of oracles in multiple blockchains.

While DIA offers demo oracles for developers to test, these are only for testing purposes and cannot be integrated into production applications. However, DIA also provides custom configuration options for users who need tailored price feed solutions. Custom price oracles can be built with specific sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's price oracles are diverse and span across the blockchain ecosystem. In decentralized finance (DeFi), the price information from DIA's oracles can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi space, DIA's oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

In summary, DIA's Ampleforth price oracle is a powerful tool for accessing real-time price data in the blockchain industry. While demo oracles are available for testing, users can request custom price feed oracles to suit their specific needs by contacting DIA through Discord or Telegram.

Why use DIA's AMPL API & price oracle?

DIA's AMPL API and AMPL Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customization available. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring the data sources, data cleaning filters, pricing methodologies, and update mechanisms. The customizability ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data.

Transparency is another significant benefit of using DIA's API and Oracle feeds. They offer full and granular transparency across the entire data journey, providing users with confidence in the integrity of the data they are accessing. Additionally, DIA provides tracking and monitoring tools to closely monitor the oracle and API feeds, further enhancing transparency and accountability.

By leveraging DIA's technology, users can access accurate price data for cryptocurrencies and NFTs. The customizability of the API and Oracle ensures robustness and resilience to unique market conditions, providing a tailored solution for every user. The transparency provided by DIA's technology instills confidence in the data being accessed. Overall, DIA's AMPL API and AMPL Price Oracle offer a powerful toolset for accessing reliable price data in the blockchain ecosystem.

Note: This answer assumes familiarity with blockchain technology and its terminology.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.