🪙amAPT and stAPT

amAPT

amAPT logo

amAPT (Amnis Aptos coin) acts as a stablecoin loosely pegged to APT, so that 1 amAPT always represents 1 APT and the amount of amAPT in circulation matches the amount of APT in the Amnis Finance. When APT is sent to the Amnis Finance, an equivalent amount of amAPT is minted.

1. Get amAPT: Mint amtAPT directly from APT on Amnis Finance.

2. Uses of amAPT in Aptos DeFI:

• Stake amAPT to stAPT to get 8,5% APR (the APR will be changed due to the amount of amAPT held by stakers)
• Add liquidity on Cellana, Pancakeswap, Liquidswap.
• Lending on Aries, Meso, Echelon.
• Staking and yield farming in Aptos DeFI ecosystem.

amAPT/APT liquidity pool

The amAPT/APT liquidity pool provides users with a fast and convenient way to withdraw amAPT instantly, bypassing the standard 14-day epoch wait time. With a 1:1 peg between amAPT and APT and deep liquidity across multiple DEXs, users can easily swap between the two tokens.

To address situations where market demand for amAPT or APT surges significantly, Amnis has established a reserve mechanism. When necessary, the protocol will buy back amAPT from the market to stabilize its price. Any profit generated from this mechanism will be transferred directly to the Amnis treasury. Additionally, Amnis has developed a robust system equipped with monitoring alerts and AI-powered algorithms to ensure the peg remains stable and effectively managed.

stAPT

stAPT logo

stAPT (Amnis Staked Aptos coin) is a vault designed to accrue the staking yield of the Amnis APT validators. The total validator rewards for Amnis LSD are generated based on the combined supply of amAPT and stAPT as follows:

• stAPT earns 100% of its validator rewards, plus 80% of amAPT’s validator rewards.

• The remaining 20% of amAPT’s validator rewards are allocated to the Amnis treasury to support future protocol incentives.

This structure makes Amnis’s LSD solution more attractive than competitors. stAPT holders benefit from enhanced validator rewards, while amAPT’s supply can be strategically managed through incentive mechanisms.

1. Get stAPT: Stake APT/amAPT at the Amnis Finance
2. Uses of stAPT in Aptos DeFI:

• Simply holding stAPT in your wallet which earn passive income at about 8,5% APR (the APR will be changed due to the amount of amAPT held by stakers)

• Lending on Aries, Meso, Echelon.
• Add liquidity on Cellana, Pancakeswap, Liquidswap.
• Staking and yield farming in Aptos DeFI ecosystem.