Amp will be available on Flux Protocol πŸŽ‰πŸŽŠπŸŽ‰

Flux Protocol
2 min readAug 2, 2021

Supply and Borrow cAMP on the Conflux Network

We are pleased to announce that AMP will be joining Flux Protocol on August 6th! We hope our partnership gives both our communities another opportunity to best utilize their assets in the world of crypto.

About AMP:

Amp is a digital collateral token designed to facilitate 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. By using Amp as collateral, individuals and entities benefit from the security and efficiency of collateral which is transparently attestable on an immutable ledger.

Introduction of cAMP Supply/Borrow Process

Supply Process:

  1. Deposit AMP into your Conflux Portal Wallet through Shuttleflow or Moonswap
  2. Supply cAMP into Flux Protocol supply markets and earn high APYs rewards in native token and $FLUX tokens

Borrowing Process:

  1. Borrow cAMP against your supplied collateral while simultaneously mining $FLUX Tokens.
  2. Use borrowed cAMP in DeFi projects like 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 πŸ‘‡πŸ‘‡πŸ‘‡

About FLUX:

Flux Protocol is a borderless, decentralized and secure digital asset lending protocol created by the ZeroOne team. The Flux contract code has passed Certik security audit and has been deployed across multiple blockchains. Join us on our website to participate and follow our socials for the most up-to-date announcements!

πŸ‘‰Stayed tuned for our coming AMA with AMP!πŸ‘ˆ

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Flux Protocol

Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality