With a focus on scalability and security the Aptos blockchain has recently been making waves in the DeFi space. Many crypto users have been using Aptos dApps for various activities such as borrowing, lending, staking and yield farming. However, a key hurdle for users staking their native APT token lies in limited liquidity. Here’s where Amnis Finance plays a role by being the first to offer liquid staking on the Aptos blockchain.

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Staking with Amnis Finance and amAPT 

Traditionally, staking has been a double-edged sword. While it allows users to earn rewards on their crypto holdings, it often involves locking up the tokens for a predetermined period. This lack of liquidity restricts users' ability to participate in other DeFi opportunities or react to market fluctuations. Amnis Finance shatters this limitation on Aptos by introducing amAPT tokens.

When users stake their APT tokens with Amnis Finance, they receive amAPT in return. This token acts as a liquid derivative, essentially a stand-in for the original APT, while offering its own advantages. First, amAPT is not locked up and retains full liquidity, allowing users to trade it freely on different Aptos DeFi platforms. One can generate more yield through staking or sell their tokens to reorganize their portfolio. Furthermore, despite being traded and used in DeFi applications, the underlying APT associated with amAPT continues to generate staking rewards by locking it up as stAPT. Users essentially earn passive income without sacrificing their ability to move their assets. 

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Benefits of Amnis Finance 

Amnis Finance goes beyond simply offering liquid staking. It offers an active ecosystem designed to cater to the diverse needs of users:

• Dual Token System: The staking system utilizes two distinct tokens: amAPT (liquid staking token) and stAPT (staked Aptos token). some text
  • amAMPT: As mentioned above, amAPT 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.
  • stAPT: This represents the user's actual stake in the Amnis vault. 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 accumulate staking yield, an equivalent amount of amAPT is minted and added to the vault. This allows users to redeem their stAPT for a greater amount of amAPT than they deposited.
• Competitive Yields: Amnis Finance prides itself on offering competitive APRs (Annual Percentage Rates) for staking APT. This ensures users maximize their returns on their crypto holdings. Currently, Amnis Finance is one of the top projects on Aptos in terms of Total Value Locked (TVL). 
• Tight Security: Security audits on Amnis by industry leaders like MoveBit and Verichains provide users with peace of mind. Amnis prioritizes the safety of user funds and transparency by employing rigorous security measures.
• Seamless User Experience: Staking with Amnis is really convenient. The platform integrates seamlessly with popular Aptos wallets such as Petra and Martian, making it easy for users of all experience levels to participate.

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Mechanics Behind Amnis

This project utilizes a sophisticated system to optimize user rewards. Aside from its dual token staking token model for simplified management, Amnis carefully selects and whitelists (adds to an approved list) validator nodes (trusted entities responsible for verifying transactions and securing the network) based on performance to ensure optimal returns for users. The system calculates a performance score for each validator node at regular intervals, influencing reward allocation and directing users towards the highest-performing validators. Finally, the system automatically distributes staking rewards generated by the network validator nodes to users holding stAPT every two hours.

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Governance and the Amnis DAO

Amnis Finance embraces a decentralized approach by incorporating a Decentralized Autonomous Organization (DAO) structure. This grants its governance token holders (AMI - Amnis Token) the power to influence the platform's future through voting on key decisions. These decisions encompass protocol upgrades, fee structures, validator selection, and future integrations. The Amnis DAO also has ambitious plans to transcend internal governance and envisions itself as a central hub for DeFi governance on Aptos. This collaborative environment would allow different projects to propose and vote on integrations, fostering a more interconnected DeFi ecosystem. Additionally, the DAO aims to set shared standards for Aptos DeFi, promoting a unified and user-friendly experience across the board.

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Amnis Finance going forward

Not content with the status quo, Amnis Finance persistently pushes the boundaries of DeFi on Aptos. The Amnis protocol is built with composability in mind, allowing future integration with other applications. Furthermore, Amnis is exploring the concept of yield tokenization. This would allow users to split their staking rewards into separate principal and interest tokens, enabling them to sell rewards for immediate gains, reinvest for compounding, or leverage them in advanced DeFi strategies like loan applications and liquidity provision.

With its focus on user-centric features and commitment to innovation, Amnis definitely stands out in the Aptos DeFi space. Dive into the Amnis Finance platform and discover how it can transform the standard DeFi experience.