amAPT and stAPT
Last updated
Last updated
amAPT
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.
Get amAPT: Mint amtAPT directly from APT on Amnis Finance.
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.
Staking and yield farming in Aptos DeFI ecosystem.
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 (Amnis Staked Aptos coin) is a vault designed to accrue the staking yield of the Amnis APT validators. At any time, amAPT can be exchanged for stAPT by depositing it into the stAPT vault, which allows users to earn staking yield on their amAPT. Over time, as validators accrue staking yield, an equivalent amount of amAPT is minted and added to the vault, allowing users to redeem their stAPT for a greater amount of amAPT than they deposited.
The exhange rate of amAPT per stAPT increases over time as staking rewards are added to the vault. By holding stAPT, you hold a % claim on an increasing amount of the vault's amAPT, splitting staking rewards up among stAPT holders proportional to their share of the total stAPT. This is similar to other autocompounding tokens like Aave's aUSDC and Compound's cUSDC.
Get stAPT: Stake APT/amAPT at the Amnis Finance
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)
Add liquidity on Cellana, Pancakeswap, Liquidswap.
Staking and yield farming in Aptos DeFI ecosystem.
