Ampleforth
San Francisco, US · Founded 2019 · 7 known investors
FORTH DAO is a decentralized autonomous organization that governs the AMPL token and manages treasury assets through community voting, including protocol-owned liquidity and ecosystem grants in the elastic finance space.
Also known as AMPL · Ampleforth · FORTH DAO
Founders & leadership
Ampleforth was founded in 2019 by Brandon Iles.
Investors · 7
Reported raises · per SEC filings
Form D private placements$1.7M disclosed across 2 rounds · 2019
▶$910KraisedJun 2019 · 6 investors · OtherRule 506(b)
- Gestany AguilarExecutive Officer
- Karen LassoExecutive Officer
- Emilio Mc EntoshExecutive Officer
- Offering amount
- $910K
- Amount sold
- $910K
- First sale
- Jun 2019
- Incorporated
- Other, Panama, 2019
- Federal exemptions
- 06b
▶$802.3KraisedMay 2019 · 17 investors · OtherRule 506(b)
- Aguilar GestanyExecutive Officer
- Karen LassoExecutive Officer
- Emilio Mc EntoshExecutive Officer
- Offering amount
- $802.3K
- Amount sold
- $802.3K
- First sale
- Apr 2019
- Incorporated
- Other, Panama, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Ampleforth develops a decentralized protocol built around AMPL, a cryptocurrency designed to be price-stable but supply-volatile, targeting the 2019 CPI-adjusted dollar. Rather than allowing demand shocks to move price, the protocol automatically increases or decreases the quantity of tokens held in user wallets ("rebasing") so that the price of AMPL reverts toward a target of one CPI-adjusted dollar. Rebases are proportional across all holders, so a holder's share of the network is unchanged by supply adjustments; the protocol describes the token as non-dilutive on this basis.
AMPL is positioned as a building block and collateral asset for on-chain finance, and is the collateral used in the SPOT protocol, which the company presents as the next evolution of AMPL. Stated use cases include on-chain lending and borrowing, the creation of on-chain derivatives, tranching, and collateral for a decentralized stablecoin, with the aim of denominating stable on-chain contracts without centralized custodians or buyers of last resort. The protocol is fully algorithmic, so assets cannot be seized or frozen by system administrators, and while AMPL uses a 24-hour volume-weighted price feed, the design is described such that attacks on the oracle cannot result in theft of funds.
Governance is exercised through the FORTH token and an associated DAO: proposals and ideas are surfaced on Discord or a public forum and are finalized by votes of FORTH holders. Contract addresses are published for both AMPL (0xd46ba6d942050d489dbd938a2c909a5d5039a161) and FORTH (0x77fba179c79de5b7653f68b5039af940ada60ce0).
Business model
The protocol is operated as decentralized, algorithmic on-chain infrastructure: AMPL serves as a unit of account and collateral asset, and FORTH is the governance token controlling the Ampleforth Protocol and DAO. Holders of AMPL are described as benefiting from network growth through supply rebasing.
Traction
The Ampleforth protocol has been live since 2019, with the site stating that price has consistently returned to target through extreme market conditions.
▸Full profile — market position, technology, go-to-market
Market position
The protocol transfers demand volatility from price to supply rather than relying on centralized custodians or buyers of last resort, targets purchasing-power stability via a CPI-adjusted dollar peg, applies rebases proportionally so holdings are non-dilutive, and is presented as limiting oracle risk to price accuracy rather than fund loss.
Technology
An algorithmic supply-adjustment (rebase) mechanism changes the number of AMPL tokens in holders' wallets proportionally so that price reverts to a target of one 2019 CPI-adjusted dollar, using a 24-hour volume-weighted price feed. The design is intended so that oracle attacks cannot result in loss of funds, and there is no administrative ability to freeze or seize assets. Related components include the SPOT protocol, which uses AMPL as collateral, and tranching functionality for on-chain derivatives.
Go-to-market
Direct access to AMPL and FORTH tokens via the project's website, supported by public documentation, a DAO dashboard, an ecosystem page, a blog, and community channels including Telegram, Discord, Twitter, GitHub, and public forums.
Crypto holders and stakers, DAO participants holding FORTH, and developers or protocols building on-chain lending, borrowing, derivatives, tranching, and decentralized stablecoin collateral.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 4
by search overlap
Companies competing with Ampleforth for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
▸Research sources · 1
primary sources listed
- Ampleforth Privateampleforth.org · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Ampleforth do?
- Ampleforth operates AMPL, a supply-rebasing cryptocurrency targeting the CPI-adjusted dollar as an on-chain unit of account.
- Who founded Ampleforth?
- Ampleforth was founded by Brandon Iles in 2019.
- Who are Ampleforth's investors?
- Ampleforth's investors include Black Dragon, Collab+Currency, Founder Collective, Magnus Capital, Pantera Capital, Slow Ventures, Manifold Ventures.
- How much funding has Ampleforth raised?
- Ampleforth has disclosed $1.7M raised across 2 rounds.
- Where is Ampleforth headquartered?
- Ampleforth is headquartered in San Francisco, US.