How does Amply Finance Work?

Lending and Borrowing Made Easy

Amply Finance operates as a decentralized lending platform where users can lend and borrow cryptocurrencies:

Supplying Assets: Contribute your cryptocurrencies to our lending pools. In return, you receive interest paid by borrowers.

Borrowing Assets: Use your deposited crypto as collateral to borrow other cryptocurrencies. The amount you can borrow depends on the risk level of your chosen collateral and the maximum loan-to-value (LTV) ratio.

Repaying Loans: Repay your borrowed cryptocurrencies along with any accrued interest to close your loan position.

Withdrawing Assets: Withdraw your deposited crypto assets from the lending pools at any time.

Ready to explore the world of DeFi? Let's dive into how you can harness the power of Amply Finance.