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BalancerBalancerby0xcc6A949DB9b26a7173648d50Cf7C55e800E6585B0xcc6A…585B

Proposal: Move AMPL from cap2 to cap3

Voting ended about 5 years agoSucceeded

This proposal is also on Balancer's forum.

Summary:

This is a proposal to increase the AMPL capFactor from cap2 to cap3 ($3M —> $10M) as outlined in the Balancer whitelisting process

Background:

Ampleforth is a digital currency with an elastic supply that adjusts each day according to demand in the marketplace. The protocol effectively seeks to shift volatility from price to supply. The supply can shift dramatically over time, while the price stays within a band around the price target of the 2019 US Dollar.

Ampleforth has developed a smart pool that updates the pool weights each day in sync with the supply changes of AMPL in an effort to reduce the impermanent loss that is normally incurred by liquidity providers.

Proposal:

The AMPL/USDC smart pool currently has $8.8M in total liquidity. AMPL’s share of that liquidity is $6.1M which is notably over the current cap limit.

I therefore propose to increase the AMPL cap tier from cap2 ($3M) to cap3 ($10M)

Off-Chain Vote

Increase AMPL cap to $10M
75.26K 86.3%
Keep AMPL cap at $3M
11.96K 13.7%
Reduce AMPL cap to $1M
0 0%
Download mobile app to vote

Timeline

Dec 10, 2020Proposal created
Dec 11, 2020Proposal vote started
Dec 13, 2020Proposal vote ended
Oct 26, 2023Proposal updated