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Ampleforth Governance, powered by the **forth** token, oversees the Ampleforth elastic finance ecosystem, a pioneering **Stablecoin Protocol** within the **Ethereum Ecosystem**. Unlike traditional stablecoins, Ampleforth's native asset, AMPL, is a decentralized unit of account whose supply automatically adjusts (rebases) to target the CPI-adjusted US dollar, transferring demand volatility from price to quantity. This algorithmic **blockchain** protocol enables stable on-chain contracts, decentralized lending, borrowing, and the creation of advanced derivatives like tranching, which reorganizes AMPL's supply volatility into senior and junior tranches. The **forth** token grants holders crucial governance rights, allowing them to vote on protocol parameter changes, direct treasury assets, and steer ecosystem development, including initiatives for the upcoming SPOT inflation-resistant flatcoin. This unique **tokenomics** model provides a robust framework for decentralized **DeFi** and **Web3** innovations, minimizing reliance on centralized custodians or collateral, making it a key **digital asset** for elastic finance.

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Ethereum EcosystemStablecoin Protocol

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