As outlined in the new whitelisting process , this is a proposal to increase the AMPL capFactor from cap1 to cap2 ($1M -> $3M).
This is a proposal to increase the AMPL cap tier from cap1 to cap2. AMPL currently has ~$3.4M in liquidity, well above the $1M level.
Ampleforth has developed a Smart Pool that updates weights each day with supply changes to reduce impermanent loss normally incurred by LPs on other decentralized exchange platforms. This AMPL/USDC pool currently has $6.5M of liquidity.
What is AMPL?
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.