Wrapped $AMPL “wAMPL” 101

Ampleforth office hours on 08/09/2021
  • How big a deal is this?
  • What will wAMPL look like?
  • How to wrap/unwrap $AMPL
  • How will it impact $AMPL and the Ampleforth ecosystem?

What is Wrapped $AMPL?

Converting $AMPL to wAMPL & Vice Versa

  • When the $AMPL supply is 100M, 100K wAMPL will be redeemable for 1M $AMPL
  • When the $AMPL supply is 500M, 100K wAMPL will be redeemable for 5M $AMPL

How to Wrap $AMPL for wAMPL

The Ampltools AMPL Wrapper web app: https://ampltools.com/wrap/
  1. Connect Metamask/Brave wallet
  2. Set/Check $AMPL Allowance
  3. Set Amount $AMPL to Wrap/Unwrap
  4. Confirm transaction
  5. That’s a Wrap — you’re done.

wAMPL to Broaden Platform Access & Boost Liquidity

  • Automatically rebalanced wAMPL Balancer pools
  • wAMPL trading across DEXes (UniSwap, SushiSwap, TraderJoe, etc.)
  • wAMPL can be more easily bridged across chains (Avalanche, Polygon, Fantom, Arbitrum, Optimisim, etc.)
  • Lending/Borrowing wAMPL on Aave, Benqi, etc.
  • wAMPL on centralized exchanges (Coinbase, Binance, etc.)
  • + more

Buy Pressure for wAMPL = $AMPL Buy Pressure

Final Thoughts

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