Elastic Finance makes its case in the DeFi discussion
However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert. During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based elastic digital currency that automatically translates price volatility into supply volatility.
He said elastic finance represents the category of assets featuring AMPL’s rebasing function, and the ecosystem of platforms that support elastic tokens. Features that could be highlighted from elastic finance assets include being non-collateralized, having a non-fixed supply, a price target, and an automatic supply rebasing.
