Amply Finance
  • Introduction to Amply
    • What is Amply Finance?
    • Why Amply Finance?
    • How does Amply Finance Work?
  • Tokenomics
    • Tokenomics Details
    • preAMP Conversion Scheme
    • AMPLY Token Offering
  • Using Amply Finance
    • How to use Amply Finance
    • Supplying Tokens
    • Borrowing Assets
    • Repaying Loans
    • Withdrawing Assets
    • Claiming $AMPLY Rewards
    • Staking AMPLY
      • Withdrawing AMPLY
      • Upgrade AMPLY
      • Claim AMPLY rewards
    • Converting preAMP to AMPLY
    • Claiming vETH and vUSD Rewards
  • Efficiency Mode
    • Activating eMode
    • Using Collateral and Borrowing Tokens in eMode
    • Repaying Debt and Withdrawing Collateral in eMode
    • Deactivating eMode
  • Interest Rate Model
    • Borrow interest rate
    • Supply rate
  • Health Factor and Loan-to-Value Ratio (LTV)
  • Liquidations
    • Liquidation Simulator
  • Yield Opportunity
  • Yield Matrix
    • Using the Yield Matrix
  • Asset Listings and Risk Management
    • Asset Listing Criteria
    • Supported Assets and Parameters
  • Information
    • Smart Contract Addresses
    • Paymaster
    • Amply Finance Terminology
    • Contact Us
    • Brand Assets
    • Audits
    • Risk Disclosure
    • AMA Transcript
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  1. Using Amply Finance

Converting preAMP to AMPLY

PreviousClaim AMPLY rewardsNextClaiming vETH and vUSD Rewards

Last updated 6 months ago

Your 1 $preAMP will be converted to 1 $AMPLY. This conversion is subject to a Vesting schedule detailed .

You have 2 options for your converted $AMPLY:

  1. Stake $AMPLY to a 3 month vault, or

  2. Claim your unlocked tokens to wallet,

Here's a step-by-step guide:

  1. Navigate to the Claim $AMPLY page. You will be prompted 2 options:

    • Option A: Stake to vault

    • Option B: Claim unlocked tokens to wallet

Option A: If you want to stake $AMPLY to vault, you can follow the below steps

  1. Click “Stake in 3 Month Vault”

  2. You can ONLY choose a 3 month duration

  3. Click “Confirm” once you have checked and confirm the transaction details

Key points:

  • Staking offers the highest potential yield at the end of 3 months. You are likely to have earned more extra $AMPLY from staking it, than by waiting for the vesting period to end

  • All available $AMPLY, including the locked amounts, are eligible to be staked immediately

  • If you wish to stake your $AMPLY for longer, you can the maturity on the AMPLY page

Option B: If you choose to claim unlocked tokens to your wallet, you can follow the below steps

  1. Click “Claim in wallet”

  2. You will be shown amount of $AMPLY to be claimed

  3. Click “Confirm” once you have checked details of claim

  4. At any one time, you can choose to stake the remaining locked $AMPLY into a 3 month vault

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