Community AMA tonight with MoonSwap and Conflux; Amp now on Bancor v2.1 and Gate.io
The Amp Community Digest for Friday, February 26, 2021
Welcome back to the Amp Community Digest, featuring periodic news from across the DeFi and payments ecosystems. If you missed the first issue, read it on Substack. (And don’t forget to subscribe if you haven’t already!) For additional, more frequent updates, make sure to join the Amp community on Discord and Twitter.
In case you missed it…
Tonight: a community AMA with MoonSwap and Conflux
Flexa’s Kayla Williams will be hosting an AMA discussion with Hatter from MoonSwap’s Community Committee and Sami Tannir from Conflux Network tonight, February 26, at 8 p.m. ET. Join us in the #ama channel of Flexa’s Discord server to ask any burning questions about Amp, MoonSwap, or the Conflux platform.
$MOON rewards for cAMP–cETH double on MoonSwap!
After becoming the most active pair on MoonSwap for the past month, the $MOON rewards multiplier has increased from 1× to 2× for the cAMP-cETH farming pool. MoonSwap is an automated market maker (AMM) decentralized exchange based on Conflux. If you’d like to start using MoonSwap yourself, take a look at our blog post announcing the launch to make sure that you’re set up properly to interact with the Layer 2 contracts on Conflux.
Amp available on Bancor v2.1
The AMP–BNT pool on Bancor’s AMM platform was recently whitelisted for v2.1 features after passing a unanimous vote. These features include single-sided liquidity exposure and a novel impermanent loss protection mechanism. Check out Bancor’s announcement and staking guide for more on this new technology and how to participate in the broader Bancor ecosystem. (Given that Amp is only the second token to be whitelisted in Bancor’s voting process since its launch in October 2020, we’re very grateful to the BNT community for supporting this proposal!)
Amp available on Gate.io
Gate.io has enabled two new trading pairs for AMP–USDT and AMP–ETH. Check out Gate.io’s announcement for details on getting started.
Current TVL of Flexa Capacity — $467.7 million
Earn rewards for staking your Amp on the Flexa network toward the apps below:
Did you know?
Flexa Capacity supports staking Amp directly from MetaMask, Coinbase Wallet, and many popular wallets that have integrated the WalletConnect protocol, including Rainbow, Argent, Trust Wallet, and Gnosis Safe.
You can also stake Amp directly to Flexa Capacity using a Ledger or Trezor hardware wallet—take a look at this MetaMask support article to learn how.
Zapper now allows any token to be added to decentralized liquidity pools like Uniswap and SushiSwap, and they’ll also handle the intermediary transactions to help minimize gas cost. Check out their video demo on Twitter to learn more.
DeFi and payments news
Since the last Amp Community Digest, the financial industry has continued to lean into the idea of widespread crypto adoption. Most recently, BNY Mellon threw its own hat into the ring by announcing that they will support custody, transfer, and issuance of digital assets (including cryptocurrencies) for their asset-management customers.
Affirm founder and CEO Max Levchin is reconsidering crypto’s role in payments on his popular “buy now, pay later” platform. Speaking to CNBC, he said of crypto, “if it becomes a meaningful exchange that folks want to actually use to buy their Pelotons and their sporting goods, we will have to consider it.”
Canadian VersaBank has released the new Canadian dollar-based stablecoin, VCAD, which they’re claiming as “North America’s first bank-issued stablecoin.”
From the community
A special thanks to u/WarmFire for this excellent deep dive into the relationship between Flexa and Amp on Reddit.
Did you catch LFGswagg’s sweet rendering of a virtual Amp token on Twitter?
Finally, don’t forget to enter to win some Amp this weekend by participating in community member Bubby’s #ProofofPurchaseEvent on Twitter!