![]() ![]() Once connected, you’ll see in the top right corner your account info. Visit and connect whichever wallet you just selected Or simply go to CoinGecko, find AMP, and click on the MetaMask icon. If using MetaMask, you will have to click “Add Token” and paste AMP’s contract for it to show in your wallet. You’ll also need to transfer some ETH into this wallet to pay for gas fees (will explain in Step 6). ![]() Transfer your AMP to a partnered wallet (MetaMask, Coinbase Wallet, Rainbow, Argent, Trust Wallet, or Gnosis Safe). Gemini Earn is not staking and earns much less rewards.īuy AMP on an exchange (Gemini, Coinbase, etc.) With our subreddit growing so rapidly, I figured I’d give all of the new members a brief overview of how to stake AMP and earn rewards (3.91% APY as of now).įirst and foremost, the only true way to stake AMP is through. The more transactions that AMP collateralizes, then the more fee income it generates, so I would think different interest yields could adjust accordingly and will be based on AMP that is slowly increasing in value.Hello new AMP investors! Welcome to the party □ The AMP and the Flexa network have a sustainable fee income model that is already used in over 41,000 stores in North America. So, rather than just holding a coin or token and waiting for the value to increase, you can earn 2% interest. The more it's used the more its value will go up. Over time the value of AMP will increase. Read the transfer document carefully if you stake through Gemini Earns. That being said, Gemini has the best security and Genesis is in the business of digital asset lending. There is risk that you could lose your AMP and Gemini is not responsible. The Gemini Earn program lends out your AMP to a third party, Genesis Capital. You are participating in their Gemini Earns program. You're not technically staking through Gemini. You can earn better yields staking AMP through different platforms. Ostensibly, as token price increases, adoption (i.e., staking) increases, and the Amp staking cycle becomes systematic and more correlated to consumption (§5.3). Economic growth of the network comes from adoption and payment volume (i.e., productivity output) as a result of new technology innovations that provide simplified access across new wallets and asset types (§2.1). Self-enforcing network rewards in the form of Amp compound adoption, since participants perpetually share the economic benefits created. Staking Amp increases overall utility, rising proportionally as more transactions and users (e.g., consumers, wallets, merchants) join the network. Accordingly, as capacity is created there is net capital increase to the network: the systematic design of collateralization. This modified Flexa network pricing model accounts for total users, representing their willingness to pay for the utility flow of the platform. Correspondingly, individuals are subjected to universal dilution rates non-stakers inherently lose financially and have no economic incentive to hold tokens.Īmp token pricing is based on user demand for staking yield, spending utility, and, expectation of future productivity growth. Due to capital infrastructure costs and minimum ownership requirements, validators exclusively receive these rewards, maintaining or increasing their percentage ownership of the network. Non–zero-sum participation Proof-of-stake block rewards are generated by minting new tokens as staking incentives. The more AMP that is staked, the more it will be utilized and the higher in value it will go over time. If you own AMP, then it should be a long term hold and it should all be staked. Just holding AMP without staking it does not benefit the network and does not help AMP increase in value. In summary of the excerpts, AMP’s value is based on its utility meaning it has to be staked to create and increase value. I am going to list some excerpts from pages 25 to 26 of the Amp Whitepaper. ![]()
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