Crypto lending has one assumption baked in: collateral can crash, so borrowers get liquidated to keep lenders whole.
Every protocol in the space inherits it.
SPOT doesn't.
$AMPL enters the Rotation Vault and gets tranched.
The senior slice becomes SPOT, low volatility by
$SPOT's Deviation Ratio is a pendulum.
DR ≈ 1 means the system sits at rest. Balanced. Any move that keeps it there costs almost nothing.
Push it off-center and protocol gravity kicks in. Rollover and funding fees start bending: cheap for flows that pull the system back toward
Bitcoin freezes supply and lets price go wild. Stablecoins peg price by trusting custodians.
$AMPL refuses both. When demand shifts, supply absorbs the shock, not price. Every wallet adjusts proportionally, so your share of the network never changes.
Over 120 self-corrections
Three tokens, one system. Here's how the pieces fit.
$AMPL is the base layer. A decentralized unit of account whose supply rebases daily to track demand. Everything else is built on top of it.
The Rotation Vault does the splitting.
