Supply and Borrow cAMP on the Conflux Network
Amp has a bona fide use securing asset transfers, thereby ensuring against fraud and default, without requiring a third party to verify or enforce the contract. With a 5-year investment, the revenue of AMP Digital currency is expected to be around +510.13%. Based on current AMP price predictions, a longstanding increase is expected; the price prognosis for 2026 is $0.230.
However, price alone doesn’t determine whether a token is a good investment or a bad one. Also, consider whether it solves a problem or performs a function better than competing coins.
About AMP:
Amp is a digital collateral token that facilitates fast and efficient value transfer, especially for use cases that prioritize security and irreversibility. Amp is an ERC20–compliant token built on Ethereum.
Amp facilitates instant, verifiable assurances for any pending or future value transfer so that any actions dependent on the transfer can proceed without delay. Individuals and entities benefit from the security and efficiency of collateral transparently attestable on an immutable ledger by using Amp as collateral.
Introduction of cAMP Supply/Borrow Process
Supply Process:
- Deposit AMP into your Conflux Portal Wallet through Shuttleflow or Moonswap
- Supply cAMP into Flux Protocol supply markets and earn high APYs rewards in native tokens and $FLUX tokens
Borrowing Process:
- Borrow cAMP against your supplied collateral while simultaneously mining $FLUX Tokens.
- Use borrowed cAMP in DeFi projects like Moonswap. Fi to provide liquidity and earn additional APY on your tokens!!
Tutorial of Supplying and Borrowing assets on Flux Protocol
If you need a refresher course on how to supply and borrow assets using Flux Protocol, please refer to our guide 👇👇👇
About FLUX:
Flux Protocol is a borderless, decentralized, and secured digital asset lending protocol created by the ZeroOne team. The Flux contract code has passed the Certik security audit and deployed it across multiple blockchains.
Through current trends, Investor sentiment, and the overall direction of the AMP cryptocurrency market capitalization, we think it (Amp) has long-term earning potential as long as the trend continues and will make it a good investment.
Source
https:/ቝ-flux.medium.com/amp-will-be-listed-on-flux-318c721c1eea
Disclaimer
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