stablecoins: fiat-backed, crypto-backed, commodity-backed, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithmic-stablecoin/">algorithmic. The <strong>first three categories</strong> can be considered <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-collateralized-stablecoin/">collateral stablecoins</strong></a>. As the names imply, these coins are backed by fiat, crypto, and on-chain tokens. These tokens can be <strong>redeemed</strong> or swapped.</p>\n<p>One of the best-known biggest collateralized stablecoins is <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-tether-usdt/">Tether (USDT)</strong></a>. The value of one tether is pegged to the value of one US dollar. It is currently the most used stablecoin in the market. Its market cap, or total market value, is recorded at $82 billion as of <strong>April 2022</strong>.</p>\n<p>The supply of collateralized stablecoins is manually regulated by regularly <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-minting/">minting and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burning the cryptocurrency, thus increasing or <strong>decreasing</strong> it.</p>\n<p>Algorithmic stablecoins are cryptocurrencies that use an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithm/">algorithm to regulate the supply. These algorithms are known as market operation modules, or algorithmic market operations (AMOs). AMOs enable scalability while maintaining decentralization and transparency. One of the longest-running algorithmic stablecoins is <strong>Ampleforth (AMPL)</strong>.</p>\n<p>An AMO solution can help a stablecoin reach the growth and size requirements for cryptocurrency adoption. Thanks to AMOs, a centralized team is not needed to make in-house decisions. Instead, decision-making is done by using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a>, which reduce the risk of human error and market manipulation.</p>\n<p>Algorithmic market operations have three core features:</p>\n<ul>\n<li>Decollateralization - the collateral ratio is automatically decreased;</li>\n<li>Recollateralization - the collateral ratio is automatically increased;</li>\n<li><strong>Market operations</strong> - the part of the strategy that does not affect the collateral ratio.</li>\n</ul>\n<p>If the price of the algorithmic stablecoin ever goes above its pegged value, the collateral ratio is automatically lowered. The supply then expands and the AMO controllers proceed as normal. This way, the value of the stablecoin maintains the balance.</p>\n<p>If the collateral ratio drops too low and the stablecoin falls below the pegged value, the AMO runs the recollateralization. That way, the collateral ratio is brought back up, and the value is once again kept stable.</p>\n<p>An AMO can be built following the general specifications of anyone who wants to maintain an algorithmic stablecoin. Algorithmic stablecoins can <strong>perpetually increase or decrease the circulation</strong> of their tokens thanks to algorithmic market operations or the algorithms programmed in their smart contracts.</p>\n<p>This makes the capital of algorithmic stablecoins efficient. Additional coins are automatically minted if the price rises and the excess is burned&nbsp;if the value sinks. Having this system in place means there is no need for collateral backing.</p>","level":"medium","meta_title":"What are Algorithmic Market Operations (AMOs)? 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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-annual-percentage-rate-apr/">annual percentage rate</strong></a>.</p>\n<p>Before entering the crypto yield programs it is mandatory to do brief research since there are different interest-earning procedures, types of crypto assets, fees, and entry barriers.</p>\n<p>Furthermore, <strong>promotional APYs are offered by crypto exchanges</strong>, but you should be cautious before investing in them. There is a possibility that a few of these programs employ the technique of first giving higher APYs to attract consumers and then lowering the rates after enough customers have been captured.&nbsp;</p>\n<p>Keeping that in mind, if you see a yield farming platform that provides high APYs, make sure to evaluate its reputation. Nonetheless, cryptocurrency savings accounts with annual percentage yield (APY) is a valuable tool to have for investors if chosen carefully.</p>\n<p>Moreover, the annual percentage rate (APY) is a way of calculating how much money was gained in a year on a money market profile. It can also be a way of discovering how interest rates increase over time. This can be referred to as <strong>compounding interest</strong>.</p>\n<p>As an example, you can stock your <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum and receive a defined rate of return over a set length of time.</p>\n<p>Compounding interest normally indicates that the money you placed into the account and the interest that has accrued have resulted in a certain amount being received. An essential tool of investment is the possibility to earn money, and the compound interest makes sure it's doable.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Annual Percentage Yield (APY)? Definition & Meaning | Crypto Wiki","meta_description":"Annual Percentage Yield (APY) meaning: Annual Percentage Yield (APY) - the rate of return on investment that takes into account the effects of compounding interest.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:07:56.000000Z","updated_at":"2023-04-07T08:43:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-annual-percentage-yield-apy"},"prevSection":{"id":24,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Algorithm?","slug":"what-is-algorithm","section":"A","keyword":"Algorithm","status":"published","definition":"a process or set of rules that is followed in calculation operations, such as problem-solving or predictions, typically by a computer.","content":"<p>An <strong>algorithm</strong>, also referred to as algo, describes a set of rules that are used in problem-solving, typically related to computations. Algorithmic instructions are set out in a specific order that must be followed sequentially. Computers use algorithms for sophisticated calculations that cannot be easily done by humans.</p>\n<p>Algorithms are a time-saving tool, as they can handle complex computations in a very short time span. Using algorithms can help sufficiently redirect human resources and improve the overall work efficiency. As such, they have very flexible utility, can be employed in various sectors, and are not necessarily tied solely to mathematical processes.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algo-trading-algorithmic-trading/">Algorithmic trading</strong></a>, also known as <strong>algo-trading</strong>, is the process of automatic market trading. Traders use computer programs to buy and sell <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security/">securities based on predetermined algorithmic settings.</p>\n<p>Algorithms are commonly used in the financial sector for stock trading, loan pricing, and other automatized procedures. Additionally, algorithmic trading can be used to establish stock order quantities, pricing, and timing.</p>\n<p>Based on their utility, algorithms can fall under different categories. Categories like <strong>recursive</strong>, divide &amp; conquer, dynamic programming, or backtracking algorithms are used in programming and computational processes.</p>\n<p>Mean revision algorithms are more commonly used in the trading sector to analyze short-term prices over long-term average costs. In the context of crypto, algorithmic instructions are used to automatically purchase or sell <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens when the price meets a certain threshold.</p>\n<p>Algorithms play an essential role in the supply management of some <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoins. The supply of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-algorithmic-stablecoin/">algorithmic stablecoins</strong></a> is automatically adjusted when the algorithm burns or mints new coins as required. This ensures that their value does not fluctuate from the value of their pegged asset.</p>\n<p>The <strong>functionality</strong> of an algorithm depends on its development and sophistication. More advanced algorithms take more specific criteria into consideration to determine sale outcomes and decide whether to proceed with the transaction. In some cases, several algorithms can be used in conjunction to solve one complex problem more efficiently.</p>","level":"medium","meta_title":"What is Algorithm? Definition & Meaning | Crypto Wiki","meta_description":"Algorithm meaning: Algorithm - a process or set of rules that is followed in calculation operations, such as problem-solving or predictions, typically by a computer.","meta_keywords":null,"language":"en","created_at":"2022-02-10T13:59:24.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-algorithm"},"currentChapter":"A","currentSection":"what-are-algorithmic-market-operations-amos","chapterTitle":"A","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-are-algorithmic-market-operations-amos","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter A

What are Algorithmic Market Operations (AMOs)?

Algorithmic Market Operations (AMOs) MEANING:
Algorithmic Market Operations (AMOs) - operations that automatically manage the supply of algorithmic stablecoins. They control the collateral ratio, improve scalability, decentralization, and transparency of the stablecoins.
Medium
2 minutes

Let's find out Algorithmic Market Operations (AMOs) meaning, definition in crypto, what are Algorithmic Market Operations (AMOs), and all other detailed facts.

There are four primary types of stablecoins: fiat-backed, crypto-backed, commodity-backed, and algorithmic. The first three categories can be considered collateral stablecoins. As the names imply, these coins are backed by fiat, crypto, and on-chain tokens. These tokens can be redeemed or swapped.

One of the best-known biggest collateralized stablecoins is Tether (USDT). The value of one tether is pegged to the value of one US dollar. It is currently the most used stablecoin in the market. Its market cap, or total market value, is recorded at $82 billion as of April 2022.

The supply of collateralized stablecoins is manually regulated by regularly minting and burning the cryptocurrency, thus increasing or decreasing it.

Algorithmic stablecoins are cryptocurrencies that use an algorithm to regulate the supply. These algorithms are known as market operation modules, or algorithmic market operations (AMOs). AMOs enable scalability while maintaining decentralization and transparency. One of the longest-running algorithmic stablecoins is Ampleforth (AMPL).

An AMO solution can help a stablecoin reach the growth and size requirements for cryptocurrency adoption. Thanks to AMOs, a centralized team is not needed to make in-house decisions. Instead, decision-making is done by using smart contracts, which reduce the risk of human error and market manipulation.

Algorithmic market operations have three core features:

  • Decollateralization - the collateral ratio is automatically decreased;
  • Recollateralization - the collateral ratio is automatically increased;
  • Market operations - the part of the strategy that does not affect the collateral ratio.

If the price of the algorithmic stablecoin ever goes above its pegged value, the collateral ratio is automatically lowered. The supply then expands and the AMO controllers proceed as normal. This way, the value of the stablecoin maintains the balance.

If the collateral ratio drops too low and the stablecoin falls below the pegged value, the AMO runs the recollateralization. That way, the collateral ratio is brought back up, and the value is once again kept stable.

An AMO can be built following the general specifications of anyone who wants to maintain an algorithmic stablecoin. Algorithmic stablecoins can perpetually increase or decrease the circulation of their tokens thanks to algorithmic market operations or the algorithms programmed in their smart contracts.

This makes the capital of algorithmic stablecoins efficient. Additional coins are automatically minted if the price rises and the excess is burned if the value sinks. Having this system in place means there is no need for collateral backing.
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