When fast payments are the requirement, Amp serves as a clearing layer for transfers. These tokens are there to settle payment transactions immediately by enforcing conditional rights using smart contracts embedded with a partition plan. It is a security partition strategy built to contribute to the interoperability of staking contracts. These tokens were made by the Flexa Network, which is one of the fastest and fraud-proof networks, it’s an open-source ERC-20 token built on Ethereum. So, what can you earn by staking amp on Flexa? Keep on reading to find out. People are now earning interest on the staked crypto and also providing to the safety and distribution of the network ecosystem. Earning passive income is always the dream and the crypto market is functioning better than ever with a value of $300 billion. As always DYOR.Staking utilizes the proof of stake blockchains. Flexa (AMP) is still very early and there is a lot of potential for the future, so I will HODL. Staking, in the case of Capacity is a "rewards" program for participating in the transaction process. Capacity is a staking pool earning ~5% APY, which you withdraw at anytime. Gemini earn is a loan program earning 1.8% APY, not a staking program. Staking is the way to go, but ultimately, the choice is yours. So if you are a believer that crypto payments have a path forward in the future and you want to support that cause and be rewarded for it. I'm looking at this as a long-term investment in support of the network.Īs crypto currency becomes more widely known and adopted more merchants may be willing to either accept it directly or move to gateways (such as Flexa) that allow them to get paid in Fiat. You can look at this as being a miner or earning interest on your invest. However, my view is that if I'm a long-term believer in the project, which I am of this one, I want to be involved in supporting the network as long as possible AND earning rewards for it. Since this isn't advice, that's an entirely personal reason. You can do this by connect your existing wallet, such as Coinbase Wallet (not the regular app), to capacity, paying the gas/transfer fees, and staking into the network.Īt the time of writing, there is nearly $0.5bln staked with Capacity.
#AMP STAKING FULL#
You have full control and can withdraw your funds at any time. Staking is different from the earn program because you stake your own wallet. A portion of each transaction is used to purchase AMP and then returned to stakers as a reward for staking in AMP. These rewards are created each time a transaction is made on the Flexa SPEDN App (or any other app using the Flexa SDK). Currently, Capacity offers ~5% APY as a staking reward. However, similar to mining you earn rewards for staking your assets in the pool. Staking pools, very generally, are used to secure the network and serve as an alternative to mining. The difference is you don't get compensated for loaning out your stock, in this case you get rewards for loaning out your crypto.Ĭapacity is the staking pool run by Flexa (AMP). This is pretty similar to stock loan programs that stock brokers (Robinhood, TDAmeritrade, ETrade, etc.) all do. Based on the terms and agreements, it seems that they loan your crypto and give you a return on the interest. Recently, Gemini has rolled out a new feature called Gemini Earn, which rewards users with 1.8% APY (at the time of writing) in return for loaning their crypto to Gemini. So as most of you know, Gemini is a crypto currency app which offers access to crypto currencies, including AMP. Do Your Own Research, and decide what is best for you. Wanted to make a quick write-up to explain the difference between Gemini Earn and staking your AMP with Capacity.Īs always, this is not financial advice.
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