⛏️How Amnis works?
Last updated
Last updated
Requirements:
Step 1: Acquire APT
Staking APT via Amnis requires you to have APT. For example, you may purchase APT on centralized exchanges like Coinbase or Binance from fiat currency.
Once purchased, withdraw the APT to your Aptos-supported wallet. (Coinbase, Binance)
Step 2: Connect wallet to Amnis Finance
Now that you have APT in your Aptos-supported wallet, navigate to the Amnis Finance app.
On the Stake tab, click "Connect Wallet".
Select the wallet that you have installed and approve the app.
Step 3: Stake your APT
Enter the number of APT that you would like to stake.
Click "Mint & Stake" and then confirm the transaction. This will stake APT, and you will receive stAPT in return.
Step 4: Use or hold your stAPT!
Simply by holding stAPT in your wallet, you can earn passive income at an approximate +7.5% APR (Annual Percentage Rate). Additionally, you can use stAPT for lending on Aries, staking, and yield farming within the Aptos DeFI ecosystem.
Step 1: Mint amAPT
On the Mint tab, enter the number of APT that you would like to mint to amAPT.
Click "Mint Only" and then confirm the transaction. This will mint APT, and you will receive amAPT in return.
Step 2: Use or hold your amAPT
You can use amAPT to add liquidity on Pancakeswap, Liquidswap or stake amAPT to stAPT in return with a +7.5% APR.
Step 1: Stake amAPT
On the Stake tab, enter the number of amAPT that you would like to mint to stAPT.
Click "Stake" then Confirm the transaction.
Step 2: Use stAPT
Simply holding stAPT in your wallet which earn passive income at about 7% APR. And, you can use stAPT in lending, staking and yield farming in Aptos DeFI ecosystem.
On the Withdraw tab, there are two ways to obtain APT from amAPT:
Slow withdrawal: This process takes 30 days. After that, you can claim your APT using the Claim tab.
Quick withdrawal: This process only takes a few minutes and allows you to exchange amAPT for APT on Pancakeswap, Liquidswap.
