Odaily report: According to Defimon monitoring, a suspicious proposal 54 has appeared in Ampleforth's governance system Governor Bravo, involving approximately $2.5 million in treasury funds. The incident has been classified as an access control risk and malicious governance proposal, and the related funds have not yet been transferred out. The Ampleforth timelock contract currently holds approximately 2.538 million USDC, meaning the proposal involves nearly all treasury assets. The proposer disclosed that they authored the proposal themselves and plans to vote through a delegated address holding 87,238 FORTH, approximately 0.57% of the supply, slightly above the 75,000 FORTH proposal threshold. The proposal quorum is 600,000 FORTH, valued at approximately $132,000 at FORTH's current price of $0.22.

Odaily News: Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network, stated that most DeFi protocols are no longer truly decentralized, with only a few niche areas still qualifying as DeFi. He believes DeFi has evolved into "on-chain finance" or "open finance." He pointed out that true DeFi should possess characteristics such as decentralization, immutability, and the absence of intermediaries, whereas the intermediaries in most current protocols have become corporations, taking on traditional financial institution roles such as decision-makers and risk committees. Cronje noted that this does not mean true DeFi has completely disappeared, as some protocols are still innovating. Data from DefiLlama shows that the total value locked (TVL) in DeFi has dropped from $167 billion in early October 2025 to $75 billion at the time of the original report over the past 10 months, a decline of more than half. In a working paper published in March, the European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap, finding that based on holding snapshots from November 2022 and May 2023, the top 100 addresses holding governance tokens in these protocols each controlled over 80% of the token supply. The ECB consequently questioned the level of decentralization of these DAOs and whether they should continue to be regarded as "fully decentralized" services exempt from the Markets in Crypto-Assets Regulation (MiCA). (Cointelegraph)

Odaily News The European Central Bank (ECB) published a working paper on March 26, studying the governance concentration of four major DeFi protocols: Aave, MakerDAO, Ampleforth, and Uniswap. Based on snapshot data of holdings from November 2022 and May 2023, the paper found that although governance tokens are distributed across tens of thousands of addresses, the top 100 holders in each protocol control over 80% of the supply. Furthermore, a significant portion of governance tokens can be linked to the protocols themselves or to centralized and decentralized exchanges, with Binance identified as the largest centralized exchange holder across all four protocols.Regarding voting participation, the paper points out that actual voters are primarily representatives who have obtained delegated voting power from smaller holders. The top 20 voters in Ampleforth control 96% of the delegated voting power, the top 10 voters in MakerDAO hold 66%, and the top 18 voters in Uniswap hold 52%. Approximately one-third of the major voters cannot be publicly identified.The paper argues that these findings challenge the inherent assumption of decentralization in DAOs, making it more difficult to determine regulatory anchor points under the EU's MiCA framework. MiCA currently excludes "fully decentralized" services from its scope. The paper also notes that public data alone cannot determine whether protocol-linked holdings belong to founders, developers, or treasuries, nor can it confirm whether exchange wallets are voting for themselves or on behalf of clients. This paper represents the authors' views and does not reflect the official position of the European Central Bank.

Odaily News According to the official announcement, BitMart will launch Ampleforth Governance Token (FORTH) at 17:00 (ET8) on April 7, and the FORTH/USDT trading pair will be opened. The Ampleforth Governance Token (FORTH) is the native ERC-20 governance token of Ampleforth (AMPL), an algorithmic stablecoin with a fluctuating supply. FORTH will be used to vote on upgrades and changes to protocol parameters.

Odaily News Fragments, the developer of the Ampleforth protocol, announced that Coinbase Ventures has made a strategic investment of $1 million in SPOT, a decentralized low-volatility commodity currency (flatcoin) under the Ampleforth Foundation. As part of the transaction, SPOT is currently available on Ethereum and will soon be launched on Base. In addition, Aerodrome Finance on the Base chain will launch a new market on Monday. (The Block)

Odaily News Coinbase Assets announced on X that based on recent reviews, the platform will suspend trading of Circuits of Value (COVAL), Rai (RAI) and Wrapped Ampleforth (wAMPL) at around 2:00 on July 20, involving Coinbase.com (simple and advanced trading), Coinbase Exchange and Coinbase Prime; the platform has now switched COVAL, RAI and wAMPL order books to limit mode. In addition, Coinbase will suspend Synthetix (SNX) trading for New York users at around 2:00 on July 20, involving Coinbase.com (simple and advanced trading), Coinbase Exchange and Coinbase Prime; Synthetix (SNX) trading is still available in supported regions.

Odaily News 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)

Odaily星球日报讯 算法稳定币项目Ampleforth开发团队Fragments推出抗通胀代币SPOT，据悉，SPOT并非锚定美元型稳定币，但其价值趋向于经CPI调整后的美元。SPOT是对一篮子链上抵押品的可自由赎回的债权。在发行初期，SPOT将由Kennel Club控制的多签管理，一个阈值为2的Gnosis Safe合约。SPOT最终将过渡至由Ampleforth生态系统的治理代币FORTH控制。 Fragments首席执行官Evan Kuo表示，SPOT是不同于传统类型的稳定币，不与任何东西挂钩。SPOT的价格由市场决定，其价值就是可以赎回的抵押品。

据官方消息，Coinbase将上线Wrapped Ampleforth（WAMPL）和Index Cooperative（INDEX）。需要注意的是，Coinbase仅支持ETH网络（ERC-20代币）上的Wrapped Ampleforth（WAMPL）和Index Cooperative（INDEX），用户不要通过其他网络发送此资产，否则资金可能会丢失。 如果满足流动性条件，交易将于北京时间6月10日0:00或之后开始。一旦资产供应充足，WAMPL-USD、WAMPL-USDT、INDEX-USD和INDEX-USDT交易对的交易将分阶段开放。

算法稳定币项目Ampleforth社区正式启动去中心化自治组织FORTH DAO，负责管理Ampleforth协议，包括用于支持应用程序和生态系统持续增长和发展的金库资产，目前管理大约2210万美元资产。