@ampleforthorg
$SPOT is designed to bend without breaking during large market disruptions.
It is a fully collateralized, low-volatility claim on $AMPL, so its price naturally gravitates toward redeemable value rather than just pure market sentiment.
Mint/redemption arbitrage opportunities allow the market to push SPOT toward equilibrium anytime it is over- or undervalued relative to its fair market value (FMV).
And, because it's always collateralized with claimable AMPL underneath, SPOT operates without liquidation risks or CEX hedge dependence.
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