零点课堂 | Elastic Supply Tokens Explained（2）

The idea is that your holdings proportional to the total supply haven’t changed with the rebase. If you had 1% of the supply before the rebase, you should still have 1% after it, even if the number of coins in your wallet has changed. In essence, you retain your share of the network no matter what the price is.

Rebasing token examples

Ampleforth

Ampleforth is one of the first coins to work with an elastic supply. Ampleforth aims to be an uncollateralized synthetic commodity, where 1 AMPL targets a price of 1 USD. Rebases occur once every 24 hours.

The project had relatively little traction until the introduction of a liquidity mining campaign called Geyser. What’s particularly interesting about this scheme is its duration. It distributes tokens for participants over a 10-year period. Geyser is a prime example of how liquidity incentives can create significant traction for a DeFi project.

While technically a stablecoin, the AMPL price chart shows you how volatile elastic supply tokens get.

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