The adjustments implemented to the $AMPL rebase curve in September 2024 significantly transformed the dynamics and intensity of its supply cycles ⬇️ The adjustment specifically reduced the neutral supply bounds from ±5% of $AMPL's Price Target to ±2.5%. Average Rebase (Pre-September 2024): +2.71% -1.53% Average Rebase (Post-September 2024): +3.57% -5.23% This resulted in an increase in the intensity of positive rebases by +31.7% and negative rebases by a remarkable +241.8%. We can also view the impact of this change through the Average Rebase Cycle Length (in days). Average Rebase Cycle Length (Pre-September 2024): Positive Cycles: 12.65 days Negative Cycles: 20.33 days Average Rebase Cycle Length (Post-September 2024): Positive Cycles: 4.76 days Negative Cycles: 4.33 days Cycle lengths decreased dramatically: positive cycles by 62.4% and negative cycles by 78.7%. The overall effect of the change have been the near-elimination of rebase cycles of either kind under ±2%: While rebases have become more frequent, the substantial reduction in negative cycle lengths is particularly impactful, effectively addressing the challenge of prolonged supply contractions. Given these findings, it's clear the governance proposal implemented in September 2024 successfully achieved its goal of shortening contraction periods and stabilizing supply dynamics.