Amnis Finance is a liquid staking protocol built on the Aptos blockchain, offering enhanced liquidity and yield for staked APT tokens.
- Liquid Staking: Liquid staking allows users to stake their tokens while receiving a derivative token that can be used in other decentralized finance (DeFi) applications, ensuring liquidity and flexibility without locking up assets.
- Advantages: It offers higher liquidity, flexibility to participate in DeFi activities, and increased yield potential.
- Disadvantages: Risks include smart contract vulnerabilities, potential slashing penalties, and the complexity of managing liquid staking tokens across multiple platforms.