esAMP

esAMP token

A user can earn such tokens by staking AMP or ALP. If staked, they accrue rewards as follows:

• Participate in 30% of all generated protocol fees (compounded to the payments received for AMP/ALP staking alone).

• Earn additional escrowed AMP (esAMP) tokens (compounded to the esAMP received for AMP/ALP staking alone).

• Earn Multiplier Points (MP) that boost the yield (compounded to the MPs received for AMP/ALP staking alone).

The esAMP tokens can also be vested. In this case, the AMP/ALP staked are reserved, and esAMP no longer accrues the above staking rewards. Instead, staked AMP/ALP continues to accrue staking rewards. During the following 12 months, vested esAMP gets converted back into AMP. If a user wants to unlock their vested esAMP, he has to keep some ALP in the pool.