What is Amnis Finance (AMI)?

TLDR
Amnis Finance (AMI) is a decentralized liquid staking protocol on Aptos blockchain that issues yield-bearing tokens (amAPT/stAPT) while using AMI for governance and ecosystem incentives.

1. Governance token for DAO managing protocol upgrades
2. Liquid staking unlocks APT liquidity while earning rewards
3. Incentive mechanism to bootstrap LSD adoption

Deep Dive

1. Purpose & value proposition

Amnis solves the liquidity lockup problem in traditional staking by minting amAPT/stAPT tokens when users stake APT. These tokens:
- Accrue staking rewards automatically
- Can be traded/used in DeFi while earning yield
- Reduce opportunity cost of staking (Token Utilities)

This positions Amnis as Aptos' answer to Ethereum's Lido or Cosmos' Stride.

2. Technology & architecture

Built on Aptos blockchain, which uses:
- Move programming language for secure smart contracts
- Delegated Proof-of-Stake consensus
- Horizontal throughput scaling via parallel execution

Amnis’ architecture focuses on:
- Validator performance monitoring
- Reward distribution automation
- Slashing risk mitigation for stakers

3. Tokenomics & governance

• 1B total supply with 88.5M AMI circulating (8.85%)
• Governance powers include adjusting staking fees, validator selection, and treasury management
• Incentive pool (size undisclosed) rewards early adopters of amAPT/stAPT

Token unlocks and emission schedule aren’t detailed in available docs.

4. Pros & cons

Strengths
- First-mover advantage in Aptos liquid staking
- Native integration with Aptos’ 10K TPS capacity

Risks
- Competition from Aptos-native projects like Thala
- Dependence on Aptos’ ecosystem growth
- Undisclosed token vesting schedules

Conclusion

Amnis combines liquid staking mechanics with DAO governance to position AMI as both utility token and ecosystem growth lever. With Aptos’ throughput and Move’s security, it targets institutional DeFi users – but faces adoption risks in a crowded LSD market.

What emerging Aptos DeFi protocols could drive demand for amAPT/stAPT liquidity?