I hope this helped any new AMP investors! Please upvote (or pin mods) this to make it a hot post so new subreddit members can see and understand how to contribute to this amazing project and help it grow!Īnd remember, you are awesome, worthy, and perfect just the way you are. And always be cautious to triple check wallet addresses before sending/receiving anything so you don’t lose your precious crypto! And just like that you have your AMP again! The process takes no longer than it took to stake. 1) Confirm how much you want to release (fee) 2) Wait 3) Move to wallet (fee). This is a 3 step process with 2 transaction fees: one to release from staking and one to move to wallet. You’ll see a “Move” button next to your staked amount. Unstake any time you’d like for just the gas fee using the same website. That’s it! You’ve successfully staked your AMP and are helping the Flexa network thrive by providing your AMP as collateral 🥳 and you get paid for it! Once your staking is confirmed (it shows you the 8 steps it’s going through at the bottom of the page if you leave it alone), you’ll now see your AMP shown “In Capacity” with the current APY % (it changes nearly daily). Expect a wait time of anywhere from 5 minutes to 3 hours depending on what you set your gas fee limit at (just don’t mess with the settings for gas and you should be fine). Once you confirm your gas fee, your transaction will start and your AMP will be staked. Expect anywhere from $10-100 in ETH to stake/unstake your AMP.
Gas fees vary depending on time and network activity, but I find it’s usually cheapest late at night. If you’re new to crypto, the gas fee is just the fee for completing a transaction, or in this case, a transfer.
Once you choose your staking wallet, you’ll be shown your gas fee. I personally chose Gemini and recommend that option) Press stake, choose the amount you want to stake, and choose which wallet you want to stake in (this doesn’t really matter much from what I can tell. Click on it, and where it shows “Available in wallet”, you’ll see a button to stake when you click on your amount. Once connected, you’ll see in the top right corner your account info. Visit and connect whichever wallet you just selected Or simply go to CoinGecko, find AMP, and click on the MetaMask icon. If using MetaMask, you will have to click “Add Token” and paste AMP’s contract for it to show in your wallet. You’ll also need to transfer some ETH into this wallet to pay for gas fees (will explain in Step 6). Transfer your AMP to a partnered wallet (MetaMask, Coinbase Wallet, Rainbow, Argent, Trust Wallet, or Gnosis Safe). Gemini Earn is not staking and earns much less rewards.īuy AMP on an exchange (Gemini, Coinbase, etc.) With our subreddit growing so rapidly, I figured I’d give all of the new members a brief overview of how to stake AMP and earn rewards (3.91% APY as of now).įirst and foremost, the only true way to stake AMP is through. Hello new AMP investors! Welcome to the party 🎉 I'm in a real jam at the moment and need to very quickly liquidate my AMP for USD $. Will I be able to "sell/swap" my un-staked AMP from my Metamask wallet once txn complete? Is there a way to swap to ETH and SELL my ETH for USD ? I've attempted to move a small amount using the "MOVE" function on the "Flexa Capacity" staking page and Etherscan still indicates that the txn is "Release Pending." (I have enough ETH - gas - in the wallet I'm un-staking/moving my AMP to.)īOTTOM-LINE: I would like to SELL my AMP. I'm hopeful that someone here could assist me with "UN-staking" my AMP tokens. I have my Metamask wallet (original wallet connected and used successfully with the AMP staking "contract" which is: 0xff20817765cb7f73d4bde2e66e067e58d11095c2 ) ( ) (Note that I am NOT staked to the Gemini "exchange" - I connected my MM wallet to the "Flexa Capacity" (AMP token page) I have ~200,000 AMP tokens staked between both "Gemini" and "SPEDN" via the "Flexa Capacity" page.
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