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SPOT Protocol

Decentralized Flatcoin on Ampleforth

SPOT Protocol

SPOT Protocol

@$SPOT

Followers8,538
Following34
Influence Index100

Related News

Coinbase Ventures invests in Ampleforth's flatcoin technology, SPOT launches on Base

The Block2024-07-08

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About SPOT Protocol

SPOT is a decentralized flatcoin protocol that uses tranching instead of liquidation markets to provide stability that scales. SPOT can be held directly as a refuge from inflation, used as a peer-to-peer digital cash, or held as alternative collateral to USDC within reserves. It is created by reorganizing the volatility of its collateral asset (AMPL) into two derivative assets: SPOT is a low volatility derivative of AMPL that can be used as a flatcoin. stAMPL is a high volatility derivative of AMPL.
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Team Members

Evan Kuo
Evan Kuo

Founder

Investors

Coinbase Ventures
Coinbase Ventures

Fundrasing details

Strategic(2024-07-07)
Amount：$1.00M
Investors：
Coinbase Ventures
Coinbase Ventures
Valuation：--