5/3/2023 0 Comments Amp coin staking![]() The annual percentage yield ( APY), which is the annual earning that staking guarantees, depends on the number of transactions in a given wallet and the amount of Amp staked to that same wallet. ![]() Anyone is free to buy and stake Amp in any pool - this is essential to ensure decentralization. This way, all staking holders use their collaborative power to make the network secure.įlexa requires every wallet app to have its collateral pool which won’t be capped or closed. ![]() The token holder entrusts pools like the Flexa Capacity and instantly becomes an essential component in the network’s security infrastructure by staking Amp. Token holders can put their Amp to work to collateralize payments on the network and get rewarded. Stakers provide the collateral essential to Flexa Network to process merchant transactions. Flexa can secure fast payment authorizations by using Amp as collateral while the underlying asset remains unconfirmed and can approve merchant transactions in near real-time. They built the first Amp collateral manager contract as open source. This has always been one of the main challenges cryptocurrencies face in real-world utility.Īmp was created by Flexa, the company behind the Flexa network that enables fast and fraud-proof payments for merchants worldwide.įlexa developed Amp in collaboration with Consensys. However, waiting for many confirmations may not be ideal when fast payments are required, for instance, in the case of merchant transactions. When transferring cryptocurrencies, several confirmations ensure the finality of the transactions. This way, users can stake tokens without transferring them to a smart contract. Token partitions can be managed separately with Amp token contracts allowing different collateral managers to enforce rules upon separate and distinct spaces associated with the same digital address.
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