Asymmetry Finance, through a partnership with stablecoin project Ampleforth and decentralized app Paid Network, is launching a fully on-chain synthetic US dollar, afUSD, whose supply varies elastically depending on market conditions. It is reported that the algorithmic stablecoin uses Ampleforth's adjustment mechanism to control the token supply at a specific price, and according to Asymmetry, its elastic model protects its stablecoin from real-world financial stress.