Elastic Finance makes its case in the DeFi discussion
Cointelegraph
Published Sep 13, 2020 07:00PM ET
Updated Sep 13, 2020 08:40PM ET
The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “ Elastic (NYSE:ESTC) Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert.
During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based elastic digital currency that automatically translates price volatility into supply volatility.
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Written By: Cointelegraph
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