Amp development update #4
Final development update, availability, and whitepaper release
It’s a pleasure to round out the seventh week of Amp’s development with an update on Amp trading availability and the release of the Amp whitepaper. With these final updates, Amp is now officially launched, and the primary development focus will shift to supporting networks building on the Amp protocol. Read on to learn more.
Now available to buy and sell on Gemini
On Tuesday, September 15, Amp launched for trading as the tenth token to ever list on the Gemini exchange, one of the most secure and compliant digital asset exchanges in the world. As part of a broader push toward DeFi and alternative digital asset classes, Amp was made available for trading alongside popular DeFi governance token Compound (COMP) and the gold-backed PAX Gold token (PAXG):
The Gemini exchange is available in all 50 US states and more than fifty additional countries. As noted in their announcement post, Gemini worked closely with the New York State Department of Financial Services to obtain approval to offer trading and custody services for Amp.
Release of the Amp whitepaper
The last Amp development update saw the release of the Amp token contract and Flexa collateral manager source code, as well as extensive documentation of the contract methods and hooks posted to the Amp website. For anyone interested in delving further into the mechanics of the Amp token and related smart contracts, we’re proud to now release the Amp whitepaper.
This whitepaper provides a foundation for understanding the social, technical, and economic considerations that led to Amp’s development, and offers a more comprehensive rationale for Amp than anything released to date. Covering the context for Amp’s practical utility, the protocol’s approach to finality assurance and transaction validation, implementation paradigms for Amp’s use in various networks, and the application of fundamental models for estimating total network value, the Amp whitepaper represents a complete analysis of Amp’s purpose and explains how the token can help eliminate the overwhelming deadweight loss of traditional financial transactions.
The Amp whitepaper is now available alongside existing documentation on the Amp website, and feedback is welcome on the Amp Discord server. Furthermore, please note that the Amp whitepaper is presented as-is, and does not constitute financial or investment advice.
What’s next?
Now that Amp has been released on the Ethereum mainnet, the currently deployed partition strategies are expected to support any number of collateral manager implementations for the immediate future, and development focus will shift to supporting networks like Flexa in building collateralization on top of the Amp protocol. As such, we expect that while there may be fewer development updates to post going forward, more lively discussion will shift to the Amp community channels—especially as Amp availability increases and more developers and stakers can access the platform.
To make sure you don’t miss an update, follow Amp here on Medium and Twitter, and join the official Discord server for more frequent updates!
