Ampleforth Review 2026: How AMPL Rebasing Works

Ampleforth is a crypto asset whose AMPL supply adjusts in an attempt to track CPI-adjusted purchasing power. Its rebasing design is unusual, and it does not guarantee a stable market price.

Ethereum

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

5.0/10

Mixed

Visit Ampleforth

Our verdict on Ampleforth

5.0/10

Ampleforth may interest crypto users who want to understand elastic-supply assets and are comfortable with both changing balances and market-price risk. Its main distinction is AMPL’s CPI-adjusted purchasing-power target, supported by rebases rather than a fixed token supply. That design does not guarantee a stable price or preserve a holder’s balance. Fees, audit status, supported markets and regulatory details are not published, so users should verify current contract and wallet information before interacting.

Score breakdown

How Ampleforth scores

Security: n/a
Ease of use: 4.5/10
Fees: n/a
Features: 5.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Ampleforth?

Ampleforth is a crypto project built around AMPL, an elastic-supply token. Its aim is to track purchasing power equivalent to a dollar in 2019, adjusted for inflation, rather than to hold a fixed nominal dollar price.

AMPL uses rebases to adjust token balances and overall supply. The market price can still vary, and a rebase does not guarantee that AMPL will meet its target. Ampleforth’s current fees, audit status, regulatory status and supported markets are not published.

How Ampleforth works

AMPL uses an elastic-supply mechanism called a rebase. In general, when a rebasing token’s market price is above or below its target, the protocol adjusts token balances proportionally to expand or contract supply. Holders do not need to trade for their displayed AMPL balance to change.

Ampleforth’s target is tied to the purchasing power of a dollar adjusted for inflation, not a promise that each AMPL will always trade for one dollar. Rebases can affect supply, but they cannot guarantee market demand or keep the price at its target. As a result, AMPL combines a changing token balance with market-price risk.

4 features

Key features

Elastic supply

The token’s supply adjusts through rebases rather than remaining fixed. This can change the balance shown in a holder’s wallet.

CPI-adjusted target

AMPL aims to track purchasing power based on a dollar adjusted for inflation, rather than a fixed nominal dollar peg.

Price-responsive rebasing

The supply adjustment is intended to respond to AMPL’s market price relative to its target. It does not ensure the market price will stay on target.

Diversification use case

Ampleforth has described AMPL as an asset for portfolio diversification and use as a reserve asset. Those are intended uses, not guaranteed outcomes.

Pros and cons

What we like

Its supply-adjustment mechanism is designed to respond to price deviations from a purchasing-power target.
The target is adjusted for inflation rather than being a fixed nominal dollar peg.
Rebases adjust balances proportionally, so holders do not need to trade to receive a supply adjustment.

Watch out for

AMPL’s supply changes can alter the number of tokens in a holder’s wallet, making it less intuitive than a fixed-supply asset.
A supply adjustment does not guarantee that AMPL’s market price will reach its target.
The token’s current supported markets, contract details and wallet compatibility are not established here.
Audit status, fees and regulatory status are not published.

Ampleforth fees

Ampleforth does not publish fee details here. Any Ethereum transaction costs should be shown by the wallet before a transaction is confirmed; check the transaction screen for applicable network fees.

Is Ampleforth safe?

AMPL’s rebasing design creates risks beyond ordinary market-price volatility: token balances can change as supply adjusts, while the price can still move away from its target. Smart-contract and wallet compatibility risks also apply. Audit status, custody details, incident history and regulatory status are not published.

5 steps

How to get started with Ampleforth

1
Read how rebasing works and decide whether changes to your token balance suit your needs.
2
Check current AMPL availability and confirm the network and token contract using official project channels.
3
Use a wallet compatible with the confirmed network and review its security and recovery settings.
4
If you choose to acquire AMPL, check the purchase and transaction details before confirming.
5
Monitor both the AMPL market price and your token balance, since each can change.

Open Ampleforth

Who Ampleforth is for

Ampleforth is for crypto-curious users who want to explore rebasing tokens and understand the difference between a purchasing-power target and a fixed dollar peg. It is a poor fit for people who need a predictable token balance or a guaranteed dollar value.

Ampleforth FAQs

Is AMPL a stablecoin?

AMPL is designed to target purchasing power equivalent to a dollar in 2019, adjusted for inflation, rather than to maintain a fixed one-dollar market price. Its price can still move above or below that target.

How does an AMPL rebase work?

AMPL uses an elastic supply: a rebase changes token balances proportionally across holders. When supply contracts or expands, the number of AMPL in a wallet can change without a user making a transfer.

Which network does AMPL use?

Ampleforth is identified as an Ethereum token. Check current wallet and network compatibility, along with the token contract, before sending funds; supported markets are not established here.

What are the main risks of holding AMPL?

AMPL is not suitable for anyone who needs a guaranteed dollar value or a predictable token balance. Its market price and supply can both change, so users should understand rebasing before buying or holding it.

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