Amnis Aptos Price

Amnis Aptos Coin (AMAPT) is a cryptocurrency launched in 2023. It serves as a liquid staking derivative and stablecoin native to the Aptos ecosystem, maintaining a soft peg of 1 AMAPT to 1 APT.

The asset emerges from the Amnis Finance liquid staking protocol, which allows APT holders to deposit tokens and receive AMAPT in return. This mechanism solves the capital inefficiency of locked staking positions by separating the yield-bearing function from the transferability of the underlying asset. Participants can deploy the token across Aptos-based DeFi applications while their collateral continues to accrue staking rewards.

Amnis Aptos Coin operates on the Aptos blockchain. It exists as a custom fungible asset within the Aptos on-chain coin framework, deployed at smart contract address 0x111ae3e5bc816a5e63c2da97d0aa3886519e0cd5e4b046659fa35796bd11542a.

The AMAPT token is minted via a smart contract that locks an equivalent amount of APT, ensuring a fully collateralized peg. Its supply algorithmically expands and contracts based on deposits and redemptions, with no fixed maximum cap. The token adheres to the Aptos Coin standard, enabling native integration with wallets, explorers, and decentralized exchanges.

The protocol launched on October 19, 2023, marking the introduction of liquid staking to the Aptos mainnet. No individual founders are publicly documented, and the development team maintains a presence via the project’s GitHub repository and social channels. Early adoption concentrated on providing a gateway for staked APT liquidity within the nascent Aptos DeFi landscape.

The long-term objective of Amnis Finance is to deepen the capital efficiency of the Aptos network by unbundling staking rewards from asset lockup. By creating a liquid representation of staked APT, it intends to prevent the fragmentation of value that occurs when assets sit idle. This fosters a more composable and active financial layer atop Aptos.

AMAPT functions as a transferable claim on the underlying stake pool, programmatically accruing value as network rewards accumulate. The token is used to interact with lending protocols, automated market makers, and yield aggregators across the Aptos DeFi ecosystem. Governance rights are not embedded in the token; its utility is purely financial, centered on yield generation and liquidity provisioning.

Validators and delegators who deposit APT receive AMAPT, which they can supply to liquidity pools, lend on money markets, or stake in yield aggregators to capture multiple layers of returns. Arbitrageurs maintain the soft peg by swapping between AMAPT and APT when price discrepancies appear. The token can be redeemed for its underlying APT value subject to network-specific unbonding periods, completing a cycle that links staking yield with active market participation.

Amnis Aptos Coin has a total supply of 25,208,967.93 tokens. Currently, 24,260,772.36 are in circulation. With a market capitalization of $23,685,692, Amnis Aptos Coin ranks #6,777 among all cryptocurrencies.