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What is Amnis Finance (AMI)?

Quick Facts

  • Blockchain: Aptos
  • Token: AMI — governance and rewards token
  • Protocol type: Liquid staking
  • Liquid tokens issued: amAPT and stAPT
  • Backers: OKX Ventures, Borderless Capital, Aptos Labs, and others
  • Governance: Amnis DAO, fully on-chain
  • Audited: Yes

Introduction

Amnis Finance is the leading liquid staking protocol on the Aptos blockchain. It allows users to stake their APT tokens and earn rewards without locking up capital or operating a validator node.

The protocol is built around a dual-token model — amAPT and stAPT — alongside the native AMI governance token. Together, these tokens power a capital-efficient DeFi ecosystem on Aptos.

History & Background

Amnis Finance launched as a foundational DeFi primitive on Aptos, quickly becoming the largest liquid staking protocol on the network. It raised a $2 million seed round led by Borderless Capital and OKX Ventures, with participation from Aptos Labs, Gate Ventures, Chorus One Venture, and several others.

The AMI governance token launched at its Token Generation Event (TGE) in early 2025 and became listed on major exchanges including Kraken.

How Amnis Finance Works

Users deposit APT tokens into the protocol and receive amAPT, a token pegged 1:1 to APT that maintains liquidity flexibility. amAPT can then be converted into stAPT, a yield-bearing token that accrues staking rewards over time.

The protocol distributes staking rewards across a curated set of validators, selected using a performance score system to ensure fair and optimized returns. Users may withdraw via a slow pathway or a quick option using integrated DEX liquidity.

Amnis also provides a liquid governance portal, allowing amAPT and stAPT holders to vote on Aptos Improvement Proposals (AIPs) without giving up staking yield.

Tokenomics

The AMI token serves a dual purpose: governance and ecosystem incentivization. Through the Amnis DAO, AMI holders vote on protocol upgrades, validator strategies, liquidity policies, and treasury management.

AMI is also distributed as rewards to users who stake APT, provide liquidity, or participate in DeFi activities on the platform. The protocol charges a fee on staking rewards, a portion of which flows to the DAO Treasury to fund ongoing development.

Token allocation includes community rewards, team, ecosystem development, marketing, investor allocations, liquidity, and an airdrop for early users.

Circulating Supply ? 612.50 million AMI
Total supply ? 1.00 billion AMI
Max supply ? -- AMI
Updated 2w ago

Ecosystem & Use Cases

amAPT and stAPT can be deployed across the broader Aptos DeFi ecosystem — used in liquidity pools, lending protocols, and yield strategies — allowing stakers to earn staking rewards and DeFi yields simultaneously.

The liquid governance feature further extends utility, letting liquid staking token holders shape the direction of the Aptos network itself.

Team, Governance & Community

Amnis Finance operates under the Amnis DAO, an on-chain governance structure where AMI holders propose and vote on protocol changes. This includes updates to staking mechanisms, fee structures, and ecosystem partnerships.

The project is backed by reputable institutional investors and maintains an active community across Telegram, Discord, and X (formerly Twitter).

Advantages

  • Capital efficiency: Stake APT and use liquid tokens in DeFi simultaneously
  • Dual-token model: Separate tokens for liquidity (amAPT) and yield (stAPT) minimize arbitrage risk
  • Liquid governance: Vote on Aptos network proposals without unstaking
  • Strong backing: Supported by Aptos Labs, OKX Ventures, and other prominent investors
  • Audited protocol: Independent security audits provide added confidence

Risks & Challenges

  • Smart contract risk: As with any DeFi protocol, vulnerabilities in code could put user funds at risk
  • APT price exposure: Returns are denominated in APT; declining APT value can offset staking yields
  • Competition: Other liquid staking protocols on Aptos could erode market share
  • Governance concentration: Early token distribution may concentrate voting power among insiders before full decentralization is achieved

Long-Term Vision

Amnis Finance aims to become the core liquidity infrastructure layer for the Aptos ecosystem. By deepening DeFi integrations, expanding validator diversity, and empowering token holders through the Amnis DAO, the protocol is positioned to grow alongside the Aptos network as adoption expands.

Frequently Asked Questions

Amnis Finance is the leading liquid staking protocol on the Aptos blockchain. It allows users to stake APT tokens and receive liquid derivative tokens while continuing to earn staking rewards.

amAPT is a token pegged 1:1 to APT that preserves liquidity, while stAPT is a yield-bearing token that accrues staking rewards over time. Both can be used across the Aptos DeFi ecosystem.

AMI is the governance and rewards token of Amnis Finance. It allows holders to vote on protocol decisions through the Amnis DAO and is distributed as incentives to stakers and liquidity providers.

No. Amnis Finance handles validator selection and management on your behalf. Users simply deposit APT and receive liquid staking tokens in return.

Holders of amAPT and stAPT can vote on Aptos Improvement Proposals (AIPs) without unstaking. Voting power is proportional to the APT value of the tokens held.

Amnis Finance raised a $2 million seed round led by Borderless Capital and OKX Ventures, with participation from Aptos Labs, Gate Ventures, Chorus One Venture, and other investors.

The protocol charges a fee on staking rewards generated by users. A portion of this fee is directed to the DAO Treasury to fund protocol development and ecosystem initiatives.

Yes, Amnis Finance has undergone independent security audits. This is a standard practice for DeFi protocols to identify and address potential smart contract vulnerabilities.