Asymmetry launches synthetic USD afUSD in collaboration with Ampleforth and Paid Network

Liquidity pledge derivatives protocol Asymmetry Finance is launching a fully on-chain synthetic dollar afUSD through cooperation with the stablecoin project Ampleforth and decentralized application Paid Network, whose supply changes flexibly according to market conditions. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control the token supply at a specific price. According to Asymmetry, its elastic model can protect its stablecoin from real-world financial pressures. (Cointelegraph)