Amnis Finance Review
Amnis Finance
amnis.finance
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Their Official site text:
Welcome to Amnis Finance
Simple and secure to earn 7.50% Aptos staking rewards
Before using Amnis Finance, you are required to read and agree to our .
Amnis Finance
What is AMNIS?
Amnis Finance - a Pioneering Liquidity Staking on Aptos. As a foundational component of the Aptos ecosystem, Amnis Finance introduces a secure, user-friendly and innovative liquid staking protocol that empowers users to effortlessly maximize returns on their APT tokens while unlocking their liquidity.
Features
Liquid Staking on Aptos
Traditional Proof-of-Stake ̣̣̣̣̣(PoS) protocols used to be about users locking their tokens and receiving an anticipated amount of staking reward in exchange. However, because these tokens are locked, users are prevented from trading or investing in other token pairs on other platforms. This consequently restricts the ability to explore higher-yield opportunities.
Amnis Finance offers the capability of liquid staking, a pivotal concept in the realm of cryptocurrencies and blockchain technology. Through this feature, Amnis allows users to instantly receive tokens of equivalent value to those they have staked, enabling them to make use of the value of these tokens in transactions or other activities of interest, all without necessitating the unstaking process and the subsequent waiting period for token release. Liquid staking also provides flexibility for users to take advantage of trading or investment opportunities without having to withdraw tokens from the PoS network.
Yield tokenization
Amnis aims to create a new financial instrument that allows for more flexibility in crafting payoff strategies and opens gateways for institutions to enter the market and enabling traders to leverage future yields.
First, Amnis wraps yield-bearing assets (stAPT) into SY (standardized yield tokens). SY is then split into its principal and yield components, PT (principal token) and YT (yield token) respectively, for maximum control. This process is termed as yield-tokenization, where the yield is tokenized into a separate token. PT represents the original value of the staked asset, At maturity, PT can get back to the original asset at the ratio of 1:1. Additionally, YT illustrates the portion of the interest that will be generated. Holding YT allows the users to receive the entire yield, but no principal repayment at the end.
Comparison with other Aptos staking options:
Amnis Finance offers a staking APR of 7%, which is higher than that of other protocols. In addition to this comparison, Amnis Finance provides APT Derivative tokens, including stAPT and amAPT, whereas other only offers stAPT or tAPT. Notably, Amnis Finance secures the backing of the Aptos Foundation, offering token utilities such as Governance and Incentives, as well as Institutional KYC Support and an Affiliate system. Unfortunately, specific information regarding these features is not available for the other alternatives.
Furthermore, it's important to highlight that Amnis Finance does not impose a protocol fee, setting it apart from other protocol, which levies a 10% fee on Staking Rewards. Amnis Finance remains committed to being a user-friendly protocol, with amAPT maintaining a stable 1:1 peg to APT. In contrast, tokens from other projects experience fluctuations in value over time. Additionally, Amnis Finance prioritizes user convenience by offering swift withdrawals with zero fees, while other platforms may incur fees and lack similar support mechanisms.
Legal Disclaimer
Please read this disclaimer carefully before using and/or any of its sub-domains (hereinafter referred to as the "Website").
By using the Website, you confirm that you accept this legal disclaimer and agree to comply with it. If you do not agree, you must not use the Website.
Information published is not advice
The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the Website's content as such. Our team provides the Website as a service to the public, and is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the Website. While the information contained within the Website is periodically updated, no guarantee is given that the information provided in the Website is correct, complete, and up-to-date.
Usage risks
The Website will not be responsible for any losses, damages, or claims arising from events falling within the scope of events like, but not limited to: mistakes made by the user (e.g., payments sent to wrong addresses), software problems of the Website or any related software or service (e.g., malware or unsafe cryptographic libraries), technical failures (e.g., hardware wallets malfunction), security problems experienced by the user (e.g., unauthorized access to wallets), actions or inactions of third parties (e.g., bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties).
Investment risks
The investment in cryptocurrencies can lead to loss of money and prices having large range fluctuations. The information published on the Website cannot guarantee no money loss.
The Website user is responsible for understanding these risks, doing own due diligence, and making own decision on how to interface with the Website.
Compliance with tax obligations
The users of the Website are solely responsible to determinate what, if any, taxes apply to their cryptocurrency holdings. The owners of, or contributors to, the Website are NOT responsible for determining the taxes that apply to user transactions.
No warranties
The Website is provided on an "as is" basis without any warranties of any kind regarding the Website and/or any content, data, materials and/or services provided on the Website.
The Website functionality is not guaranteed and could be disabled fully or in part without prior notice.
Security
Security audits don't eliminate risks completely. The Website is not guaranteed to be secure or free from bugs or viruses.
Limitation of liabilities
Unless otherwise required by law, in no event shall the owners of, or contributors to, the Website be liable for any damages of any kind, including, but not limited to, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the Website.
Arbitration
The user of the Website agrees to arbitrate any dispute arising from or in connection with the Website or this disclaimer, except for disputes related to copyrights, logos, trademarks, trade names, trade secrets or patents.
How Amnis works?
Requirements:
Wallet that supports Aptos:
Stake APT
Step 1: Acquire APT
Staking APT via Amnis requires you to have APT. For example, you may purchase APT on centralized exchanges like or from fiat currency.
Once purchased, withdraw the APT to your Aptos-supported wallet. (, )
Step 2: Connect wallet to Amnis Finance
Now that you have APT in your Aptos-supported wallet, navigate to the .
On the 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 in return.
Step 4: Use or hold your !
Simply by holding in your wallet, you can earn passive income at an approximate +7.5% APR (Annual Percentage Rate). Additionally, you can use for lending on , staking, and yield farming within the Aptos DeFI ecosystem.
Mint amAPT
Step 1: Mint amAPT
On the 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 in return.
Step 2: Use or hold your
You can use amAPT to add liquidity on , or to stAPT in return with a +7.5% APR.
Stake amAPT
Step 1: Stake amAPT
On the 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 in lending, staking and yield farming in Aptos DeFI ecosystem.
Unstake stAPT
On the tab, enter the number of stAPT that you would like to unstake to amAPT.
Click "Unstake" then Confirm the transaction.
Congratulations! You've unstaked your stAPT and received in return.
Withdraw
On the tab, there are two ways to obtain APT from :
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 for APT on , .