Statera and Ampleforth Performance Review

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Written by

A Crypto Hodler playing with FIRE

2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Crypto, Analysis, Investing, Ethereum, Fantom, ...

I've recently added Statera and Ampleforth to my portfolio and have started to track their performance. I thought I would share that with you today.

Statera

Statera is a smart contract-powered IDT (Indexed Deflationary Token) based on the Fantom platform. The Fantom platform has currently around $8bn TVL.

If you have been holding STA in February, it has had an amazing run-up! A greater than 500% gain. Will this continue into the future?

If we take a YTD (year to date) view, we can see the results started turning around in February very clearly.

If we look at the 1 year time frame, we can see there is a reasonable gain of 43%, so those who were DCA'ing for the last year would have done very well holding STA.

Ampleforth

Now, let's move on to Ampleforth. Ampleforth is an Ethereum-based Crypto with an algorithmically adjusted supply. It is designed to be the new money in the Defi space. We can see that Ethereum has a much larger TVL than Fantom of $120bn.

We can see that Ampleforth also has a 86% score from Defisafety with 0 security incidents.

So how has Ampleforth performed in February? Let's take a look at the first chart, there we can see the value increase 9% in February.

If we look at the YTD data, we can see there was a reasonable 16% increase.

Looking at the 1-year chart, we can see there was a 31% increase over the year and the price was pretty stable. One thing to note with Ampleforth is that you own a fixed fraction of the total AMPL instead of a fixed number of tokens. Using the daily "rebase" feature, the price should rebalance daily. Therefore I am interested to observe how my holdings will develop over time with this process.