Wrapped Ampleforth
WAMPL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WAMPL (Wrapped Ampleforth) functions as a non-rebasing, fixed-supply ERC-20 wrapper designed to enable the elastic AMPL token to interface with standard DeFi protocols. The token benefits from a sound underlying mechanism with trust-minimized 1:1 redemption, a 10 million supply cap, and transparent governance through the Ampleforth DAO and co-founders Evan Kuo and Brandon Iles. However, WAMPL operates primarily in maintenance mode with no dedicated development roadmap, minimal community engagement, and thin trading volume across secondary markets. Furthermore, while the wrapper code is public and derived from OpenZeppelin contracts, WAMPL lacks a formal third-party security audit. No qualifying red-flag exploits, delistings, or regulatory actions were identified, but the lack of independent market traction, derivative demand structure, and absence of independent audits substantially limit its investment profile.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped Ampleforth (WAMPL)
Wrapped Ampleforth (WAMPL) is a static, non-rebasing ERC-20 wrapper token for AMPL, the native unit of the Ampleforth protocol. Operating primarily on Ethereum with deployments on Base, WAMPL was created to bridge the gap between Ampleforth's elastic-supply mechanics and conventional decentralized finance (DeFi) platforms, centralized exchanges, and custody solutions. By locking AMPL tokens into the wrapper contract, users mint WAMPL tokens at a 1:1 redeemable ratio, creating a fixed-supply asset with a maximum cap of 10 million tokens that eliminates daily balance adjustments (rebases) for the holder.
The underlying Ampleforth protocol was co-founded by Evan Kuo and Brandon Iles. Governance for the wrapping infrastructure is integrated into the broader Ampleforth ecosystem and managed through the Forth DAO using the FORTH governance token. WAMPL does not maintain an independent governance structure, native community forum, or dedicated tokenomics model, relying entirely on the parent protocol. Development for WAMPL is in a maintenance-only posture, as development resources in the ecosystem have shifted toward newer protocols such as SPOT.
WAMPL has experienced a sustained market downturn, declining approximately 99% from its all-time high amid low trading volume and limited secondary market activity. Additionally, while the wrapper code is public and built upon OpenZeppelin contracts, security evaluations from platforms including CertiK and cer.live indicate that WAMPL has not undergone a formal third-party security audit, nor does it hold team KYC verification. The token has not experienced documented smart contract exploits, protocol insolvencies, or regulatory actions.