AMP

Mar 3, 2023 | DeFi, Projects

The universal collateral token

AMP – The universal collateral token

 

Problem

  • Digital assets are becoming the predominant medium of exchange for global commerce, but their universal adoption is still limited by barriers like high transaction costs.

Solution

  • Amp is a collateral token designed to decentralize the risk in a payment transaction, while dramatically reducing the validation cost from existing counterparty networks.

Value Proposition

  • It enables users to build apps that lock and unlock $Amp on demand to secure transfers, enable lending, and make value move more quickly.

Underlaying Magic

    • The protocol works through an open-source license which allows users to create and deploy custom collateral managers for their apps to interface with Amp on their own terms.

    Business Model

    • Amp is the backbone of Flexa network, wherein applications are staked with it to enable spending capacity and fuel the ecosystem through merchant fees.