We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
AMP is the native token of the Amp platform and can be earned in several ways: through lending, staking and yield farming.
Lending your AMP
The easiest way to earn yield on your AMP in Australia is through an exchange or digital asset lending platform such as Gemini Cryptocurrency Exchange.
The highest return currently available on AMP from the products we compared is 0.5% through Gemini Cryptocurrency Exchange with a fixed deposit length, meaning you cannot withdraw your funds any time.
Use the table to compare rates on AMP and use our calculator to forecast how much you could earn.
Staking your AMP
Alternatively, you can stake AMP on the Amp platform in return for DeFi staking rewards. This method requires using a web 3.0 wallet on a blockchain like ethereum which is why we have put together a visual step-by-step explainer to help guide you through the process.
You can use our table to compare rates on AMP or skip to the staking section for a step-by-step guide on how to stake your tokens on the Amp platform with a wallet.
|Go to site|
|Gemini Cryptocurrency Exchange||0.5%||0%||Varies||Variable||Earn now|
The instructions below are for earning yield on Amp using a cryptocurrency exchange for lending:
AMP tokens can be staked through Flexa Capacity and used as collateral for transactions. For every transaction processed, AMP stakers are rewarded.
To begin staking, you will need access to a Web 3.0 crypto wallet, such as MetaMask. This wallet comes in the form of a browser extension and will act as a bridge between your digital assets and the Flexa Capacity protocol. You will also need AMP tokens held in your Web 3.0 wallet along with the native cryptocurrency of the blockchain that will be used for transactions (e.g. ETH for gas fees on Ethereum).
Step 1. Head over to the official Flexa Capacity website.
Step 2. Connect your Web 3.0 crypto wallet to the platform by clicking the "Connect Wallet" button in the top-right corner of the screen. Follow the on-screen prompts from your wallet to complete the connection.
Step 3. Once your wallet is connected, click on your Web 3.0 crypto wallet icon in the top right of the screen. Within the pop-up tab, it should display the amount of AMP you have stored in the wallet.
Step 4. Adjacent to the AMP token, click the "Stake" button. You will be greeted with another pop-up that shows the applications where you can stake your AMP tokens. Each application will have its own yield return for rewards.
Select the application you would like to use and enter the number of tokens you would like to stake. Then click "Continue".
Step 5. Finally, the transaction will need to be signed with your Web 3.0 crypto wallet. Once the transaction has been confirmed and processed, you will be able to see how many AMP tokens you have staked and where you are staking them. This can be achieved by clicking on your wallet in the top right of the screen.
Additionally, if the chosen collateral pool is close to the minimum requirements needed for all of the transactions it is processing, APYs will be higher. This will encourage more users to deposit more AMP. On the other hand, APYs will be lower if the collateral in the pool can easily handle the number of transactions being requested.
Staking returns from AMP are lower than those of other networks and protocols. Returns have been known to range between 2% and 4%.
Compare rates on Balancer in Australia and earn up to 4.21%. Forecast your earnings using our APY calculator.
Compare rates on Oxygen in Australia and earn up to 1.86%. Forecast your earnings using our APY calculator.
Compare rates on Radio Caca in Australia and earn up to 1.58%. Forecast your earnings using our APY calculator.
Compare rates on Radicle in Australia and earn up to 4.27%. Forecast your earnings using our APY calculator.
Compare rates on Mandala Exchange in Australia and earn up to 0.53%. Forecast your earnings using our APY calculator.
Compare rates on Rarible in Australia and earn up to 0.36%. Forecast your earnings using our APY calculator.
Compare rates on Wrapped NCG in Australia and earn up to 0.63%. Forecast your earnings using our APY calculator.
Compare rates on BitDAO in Australia and earn up to 0.48%. Forecast your earnings using our APY calculator.
Compare rates on Ontology Gas in Australia and earn up to 0.74%. Forecast your earnings using our APY calculator.
Compare rates on Dogecoin in Australia and earn up to 3%. Forecast your earnings using our APY calculator.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.