Ampleforth Has Been Added To Meter_IO Family
A high performance infrastructure that allows smart contracts to scale and travel seamlessly through heterogeneous blockchain networks Meter.IO welcomes Ampleforth to its bundle of family.
Meter was thrilled to announced the official launch of the Meter Passport cross-chain interoperability infrastructure and the integration with Ampleforth to build the world’s first multi blockchain asset class and dApps.
Meter Passport is a N-way blockchain router that allows assets and information to flow directly from one blockchain to another within minutes or even seconds. It is secured by a group of decentralized relayers. The initial set of relayers includes Protofire, Hashquark, Wetez, InfinityStones, and Meter.io An implementation with an unlimited number of relayers will be available later this year.
Ampleforth is one of the first dApps launching on Meter Passport. The infrastructure allows Ampleforth to not only transfer $AMPL tokens across blockchains but also use inter-blockchain smart contract calls to control the token rebasing and the total circulation on all blockchains through the master smart contract on Ethereum.
Meter and Ampleforth join hands to build the world’s first multi-chain asset class and showcase the possibility of composable DeFi across multiple blockchains. With the help of such infrastructure and asset class, DeFi smart contracts will be able to automatically move liquidity, find the best price and yield across different blockchains in the future.
ABOUT AMPLEFORTH
AMPL is the first rebasing currency and a key DeFi building block for denominating stable contracts. The AMPL protocol adjusts total supply daily based on market conditions, transferring volatility from price to supply. AMPL’s elastic supply policy does not rely on traditional banks or lenders of last resort, unlike stablecoin models.
ABOUT Meter_IO
Meter.io envisions a borderless financial and information ecosystem empowering people to reimagine the world. We take Ethereum to the next level by enabling scalable and interoperable dapps with the safety and security of full decentralization.
