Good morning.

Well after looking at our AMPL token this month I thought this would be a good time to write about my plans for SPOT.

I have read the SPOT 'playbook' and understand it is a newly designed type of stable coin that they are calling a 'flat coin', stating that it will bend rather than break, although even they say that no asset can promote stability forever. SPOT also believes it can withstand a black swan event.

SPOT token is designed to be an inflation resistant store of value low risk, low reward token with AMPL as the underlying collateral asset. (With AMPL the quantities of the tokens go up and down to keep the price stable within its band). As I knew about Ampleforth I did not look into the SPOT token when we first started getting it here on PubOx, but as I have now reached over $10 I thought it was about time I did something with it.

I also read an article about bridging SPOT and converting it to ETH (sorry I can't remember who's post it was) which was a great idea but the fees for doing that were more than I even have in SPOT token, so I am looking for something for my SPOT that won't cost me the earth.

It looks like the only trading pair currently is SPOT/USDC on UniswapV3 although I did see something about Arakis finance for SPOT but I am unfamiliar with this compared to Uniswap.

I could send it to Metamask and wait until I have more but it seems a shame for it to just sit in there, but I do also need an affordable option!

What do you do with your SPOT tokens? I would love to know what you all do with your SPOT before I make a decision so please feel free to post your recommendations in the comment section.

As always, thank you for reading.