AMPLY
AMPLY #12276Project Safety Score: 13%
Updated 3 weeks, 3 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
Amply Finance operates as a decentralized lending platform where users can lend and borrow cryptocurrencies. Users can supply assets and contribute their cryptocurrencies to our lending pools. In return, users receive interest paid by borrowers. Secondly, users can also borrow assets. If user has deposited crypto as collateral, they will be able to borrow other cryptocurrencies. The amount one can borrow depends on the risk level of the chosen collateral and the maximum loan-to-value (LTV) ratio. Once you wish to close your position, one can repay their borrowed cryptocurrencies along with any accrued interest to close out the loan position. Lastly, if there no more outstanding loans, one can withdraw their deposited crypto assets from the lending pools at any time.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
