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Amplify

Amplify AMPT Price N/A

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DeFi

AMPT Price

N/A

General Info

Contracts/Explorers:

Tags (Sub-Categories):

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Description

Amplify Protocol is a decentralized financing application that enables borrowing against collateralized assets

Amplify (AMPT) Chart

The Amplify to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Additional Data

Max Supply

AMPT 100,000,000

Total Supply

AMPT 100,000,000

Listing Date

3 Mar 2022

All Time High

$ 1.47

4 Mar 2022


All Time Low

$ 0.000519

1 Dec 2022

Amplify Price Analysis

What is Amplify (AMPT)?

Amplify Protocol represents a peer-to-peer system designed to address the supply chain finance challenge. It aims to improve the traditional credit granting system by making it accessible and easy to use. Amplify Protocol is a decentralized financing application that enables borrowing against collateralized assets. It is designed to enable algorithmic lending from Borrowing Pools to serve supply chain financing through tokenized accounts receivable (AR). These pools allow users to borrow and lend crypto-assets featuring mechanisms to equilibrate the loan market. The protocol is implemented as a set of persistent, non-upgradable smart contracts. These contracts are designed to promote inclusivity, self-custody, and security. The priority is to provide the technological infrastructure that enables participants to transact without any intermediaries who may selectively restrict access.

Amplify Protocol is built around two main actors: Borrowers and Lenders. Borrowers are parties that connect with protocol in order to request a loan, offering their collateral (an illiquid asset that represents a real-world financial instrument) for a specified loan amount. Borrowers can take back their offered collateral once the total loan is repaid but they cannot request new loans backed by the same collateral. On the other hand, Lenders are earning floating interest by providing liquidity to these Borrowers, which is a win-win situation.

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