Fragments, the developer behind blockchain protocol Ampleforth, has launched an inflation-resistant token called spot in an effort to attract DeFi investors worried by rising prices.

The ampl token is a rebase coin designed to keep its price closely to the CPI-adjusted U.S. dollar. CPI stands for consumer price index and the CPI-adjusted dollar is $1 adjusted for inflation. Ampl does this by using the CPI-adjusted dollar to calculate daily supply adjustments for the rebase. This supply adjustments lead to the amount of ampl tokens in user wallets increasing or decreasing depending on the level of demand. In this way, demand does not drive the price of the ampl token.