Ampleforth

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Ampleforth

Ampleforth is proud to announce our collaboration with Chainlink! This is a big step towards decentralizing Ampleforth’s oracle system. Why Does Ampleforth Need Oracles and Data Providers? Every 24 hours, Ampleforth’s protocol receives price information — specifically the Volume Weighted Average Price (VWAP) — in order to calculate the proportional expansion or contraction of AMPLs to each token holder. This is integral to Ampleforth’s core functionality. As such, having trusted data providers such as Chainlink for Ampleforth’s oracles will ensure a fair, transparent and properly functioning system. Please follow Ampleforth on Twitter and learn more through our medium post here: medium.com/ampleforth/chainlink-to-power-ampl-oracle-73b882d9c7a8 twitter.com/AmpleforthOrg/status/1148955753627045890