Asymmetry Finance, a prominent player in liquid staking tokens (LST) protocols, is on the verge of unveiling its latest product, afUSD, in collaboration with Ampleforth. This partnership marks a significant stride forward in the decentralized finance (DeFi) arena. The afUSD is crafted as a fully on-chain synthetic dollar, aiming to deliver competitive potential yields, scalability, and resilience against market volatilities, all while maintaining a fully on-chain framework.

Distinguishing itself with scalability, stability, and a user-centric design, afUSD leverages the innovative infrastructure pioneered by Ampleforth. Unlike traditional stablecoins, afUSD leverages Ampleforth’s AMPL with a distinctive supply-adjustment mechanism, eradicating the necessity for conventional collateral and the accompanying risks. Its fully on-chain nature bolsters decentralization and security. By leveraging perpetually rotating AMPL tranches, afUSD intends to offer scalability and immunity to market fluctuations, positioning itself to compete with top-tier stablecoins.

Evan Kuo, the Co-Founder of Ampleforth, expressed excitement about the venture, emphasizing the vast potential in DeFi's burgeoning staked assets market. This sentiment was echoed by Asymmetry's Founder, Hannah Jojo, who underscored the company's commitment to pushing boundaries in the synthetic dollar market and offering a more DeFi-native alternative compared to centralized counterparts.

Asymmetry's roadmap includes the successful launch of afCVX, a staking product for Convex Finance, which garnered over 1,000,000 CVX within its inaugural week, representing a substantial portion of the total TVL of DeFi's largest CVX wrapper. Looking ahead, Asymmetry plans to introduce afeETH in Q3 of 2024, a Liquid Restaking Token (LRT) developed in partnership with EtherFi.

The company has already secured $4 million in funding from notable investors, including key figures from Convex, Frax, Avon Ventures, Republic Crypto, Side Door Ventures, Comma3 Ventures, and others. With a focus on sustainability, innovation, and product excellence, Asymmetry aims to reshape the stablecoin market's trajectory through afUSD.

**Key Points of Interest**

Interested individuals can explore Asymmetry's website to gain deeper insights into afUSD and its revolutionary impact on the DeFi landscape.

**About Asymmetry**

Asymmetry stands as a trailblazer in the DeFi sector, committed to offering sustainable yield opportunities and cutting-edge investment avenues. Armed with a team of industry experts, Asymmetry develops permissionless strategies embedded in smart contracts, enabling users to seamlessly accrue potential yields. The company aspires to become the premier destination for high-real-yield products encompassing synthetic dollars, LSTs, and LRTs.

**About Ampleforth**

AMPL represents a digital currency with a dynamic supply adjustment mechanism based on prevailing market conditions. It operates as a decentralized protocol that regulates the circulating AMPL tokens through inflation or deflation, aligning with current market dynamics. Ampleforth serves various purposes, including lending and borrowing, derivative creation, and collateralization for decentralized stablecoins.