What do you think about ampleforth as a stablecoin?

[Ccexicocartel]

So I've been seeing posts about ampleforth. Backed by Pantera and solid team. But what do you really think about their model?

With basis going down recently, this sort of leaves them as the standing algorthmic stablecoin.

their website explains everything ( https://www.ampleforth.org/ )

[rjefferson]

So I've been seeing posts about ampleforth. Backed by Pantera and solid team. But what do you really think about their model?

With basis going down recently, this sort of leaves them as the standing algorthmic stablecoin.

their website explains everything ( https://www.ampleforth.org/ )

I saw the basis collapse when I first read their whitepaper. Gotta take a look at ampleforth's more in depth.

[jack107]

I saw the website...very simple. Any way you can explain what ampleforth does in like one sentence?