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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 AMP 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 AMP/ALP staking

3. Multiplier Points

   • Earn Multiplier Points (MP) that boost yield
   • Compounds with MPs received from AMP/ALP staking

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Vesting Process

esAMP tokens can be vested to convert them into AMP tokens:

1. During vesting:

   • AMP/ALP staked are reserved
   • esAMP stops accruing staking rewards
   • Staked AMP/ALP continues to accrue regular staking rewards

2. Conversion details:

   • 12-month vesting period
   • Vested esAMP gradually converts to AMP
   • 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