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SPOT The Inflation Resistant Store of Value?


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In this episode. Ampleforth Community Members discuss the launch of SPOT (a inflation resistant store of value) Checkout more at https://www.blog.elasticmoney.xyz
Reference the SPOT whitepaper at https://spot.cash
Highlights from the call:

  • AMPL as an atomic clock, reference to the federal reserve
  • Buttonwood (liquidation free) Tranches and how they work in the SPOT system. AMPL tranches remove supply volatility SPOT system only uses SAFE tranches. Button Finance
  • SPOT is simply a claim to underlying collateral & is NOT runnable
  • SPOT could be etched in stone for eternity and the prices would never change
  • Unlike Terra/Luna SPOT doesn't try to ever hold a price peg, it oscillates around a target price (2019 USD). Additionally SPOT does not require an Oracle, it uses the supply values of its AMPL collateral for instant updates
  • SPOTs risk is upfront, and doesn't require borrowers/lenders of last resort to operate. 
  • Discussion around if SPOT could be used as underlying collateral for other stablecoins (i.e Maker DAI) all of DEFI. (SPOT is the holy grail? or is the holy grail unattainable?)
  • G-Yes Gives us an update on Hourglass Protocol hourglass.wtf
...more
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AmplCast's PodcastBy AmplCast