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esAMP Token

esAMP (escrowed AMP) is a non-transferable token that users can earn by staking AMP or ALP. It plays a crucial role in the Amped Finance ecosystem by incentivizing long-term participation and platform growth.

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Earning esAMP

Users can earn esAMP tokens through:
  • Staking AMPED tokens
  • Staking ALP tokens
  • Platform rewards and incentives

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Staking Benefits

When staked, esAMP tokens provide multiple benefits:
  1. Protocol Fee Sharing
    • Participate in 30% of all generated protocol fees
    • This compounds with payments received from AMP/ALP staking
  2. Additional Rewards
    • Earn additional escrowed AMP (esAMP) tokens
    • Compounds with esAMP received from AMPED/ALP staking
  3. Multiplier Points
    • Earn Multiplier Points (MP) that boost yield
    • Compounds with MPs received from AMPED/ALP staking

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Vesting Process

esAMP tokens can be vested to convert them into AMPED tokens:
  1. During vesting:
    • AMPED/ALP staked are reserved
    • esAMP stops accruing staking rewards
    • Staked AMPED/ALP continues to accrue regular staking rewards
  2. Conversion details:
    • 12-month vesting period
    • Vested esAMP gradually converts to AMPED
    • Must maintain ALP in the pool to unlock vested esAMP

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Important Considerations

  • esAMP is non-transferable
  • Vesting requires maintaining staked assets
  • Rewards compound with other staking benefits
  • Vesting period is fixed at 12 months