Wrapped Ampleforth (WAMPL) is a variation of Ampleforth (AMPL) that follows the popular ERC-20 token standard. Unlike AMPL, which automatically adjusts its supply based on demand, WAMPL does not rebase. Consequently, AMPL and WAMPL are expected to have different prices.

Ampleforth (AMPL) is a protocol for smart commodity-money in the digital asset space. wAMPL aims to enhance access to AMPL and the broader Ampleforth ecosystem by introducing a composable ERC-20 token, simplifying and speeding up platform integrations. As the DeFi market expands, wAMPL will further solidify AMPL's role as a fundamental component for stable contracts, providing an independent, algorithmic unit of account.

wAMPL functions similarly to wETH or wBTC, which are wrapped ERC20 tokens that can be redeemed 1:1 for ETH and BTC, respectively. However, unlike AMPL, wAMPL does not rebase and maintains a floating price.

wAMPL unlocks new technical integrations and expands opportunities to engage with the Ampleforth ecosystem. Despite the high gas prices associated with Ethereum-based transactions, which can be cost-prohibitive for many users, the AMPL community continues to grow in terms of wallets and total value locked (TVL). With wAMPL, the community gains greater flexibility in deploying their AMPL tokens.