Spot is a decentralized, inflation resistant store of value that fills the gap between speculative cryptocurrencies and dollar substitutes. It builds on top of the Ampleforth and Buttonwood protocols and it is governed by FORTH.

Spot was created by the Ampleforth team, whose goal is to create a safer and more resilient financial ecosystem that does not rely on centralized custodians, or lenders of last resort.

## What Differentiates Spot from other stable assets?
- SPOT can wind down to 0 users and reboot. Since SPOT is simply a proportional claim on a set of assets, it can never be undercollateralized.
- SPOT has no explicit feedback loops and does not react to the market.
- No reliance on bailouts or lenders of last resort. Independent monies do not have the luxury of a backing state who can step in. This also means there are no liquidations, which rely on outside bailout capital and can result in liquidation cascades.
- No reliance on continual growth. SPOT can grow and shrink with demand in the market without saddling itself with future obligations.
- SPOT holds collateral, but is not subject to bank runs.
- Risk is transparent so it can be properly priced. Tranching and bundling are well understood in finance and all of this is viewable onchain.