Comprehensive Guide: How to Stake amApt Tokens with Amnis Finance Aptos (amApt)
1. Deposit Funds on Binance and Exchange for Aptos
The first step in this process is to have a balance of crypto funds. If you don't have any yet, you can easily register. After logging into your account, deposit the crypto you want to use for staking. Make sure to choose the crypto that suits your needs.
Next, you need to exchange this crypto for Aptos. Find the appropriate trading pair on the Market or Exchange and execute the trade. Ensure that you have researched Aptos and have a good understanding of what you are buying.
2. Deposit into Your Aptos Wallet
Now that you have Aptos in your account, the next step is to transfer them to your Aptos wallet. Make sure you have created or downloaded a wallet compatible with Aptos. A secure wallet is key to protecting your investment. As an example, I am using the Martian Wallet.
Once you have an Aptos wallet, send the Aptos you have to that wallet. Ensure you use the correct and secure wallet address. This process usually requires a few confirmations and may take several minutes to a few hours depending on network traffic.
3. Mint amApt with Your Aptos Tokens
After successfully depositing Aptos into your wallet, the next step is minting amApt tokens. Minting is the process that allows you to convert your Aptos into amApt, which you can then stake to earn rewards. The minting process is typically done at this link: https://stake.amnis.finance.
4. Mint & Stake
Once you have amApt, you are ready to stake them. This is the stage where you lock a certain amount of amApt in a smart contract that allows you to earn rewards.
The estimated APR is approximately 7.54%, which means you will earn a return of around that percentage on the amount of amApt you stake. Make sure to understand all the details of the smart contract and the staking rules before proceeding.
We hope this article is helpful, and happy staking!
