On August 7, Ampleforth (AMPL) co-founder Brandon Iles revealed on the AMPL Talk forum that the team had removed two emergency functions that by default made the system centralized. Meant to protect the network “against unexpected, adverse situations” in its early days, the team has followed through on its promise to remove these two last-resort measures.
- setRebasePaused and setTokenPaused were last resort measures to prevent any adverse network scenario
- The first pauses the rebase mechanism, while the second pauses all transactions on the network
- Their removal marks Ampleforth’s step into full decentralization
- With pausability removed, the team says third party platforms will be more willing to integrate
- Also notes that the ideal governance is “zero governance”
- Ampleforth continues to refine protocol as it becomes one of the biggest assets in DeFi