AMPGUSD
Amp / Gemini Dollar
crypto Gemini

On July 21, 2022, the SEC stated that AMP is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info. Amp is a digital collateral token that offers instant, verifiable collateralization for any kind of value transfer. Projects like Flexa use Amp to secure transactions and build networks that accrue value both securely and transparently. At the core of the Amp collateral model is the concept of the collateral partition. Collateral partitions represent subsets of Amp tokens that provide collateral for particular purposes, and are distinguished on the Ethereum blockchain with unique partition addresses. Each collateral partition can be endowed with its own set of rules regarding transfer hooks and privileges, and can also implement a predefined partition strategy in order to enable special capabilities (e.g., collateral models in which tokens are staked without ever leaving their original address). To lock, release, and reward collateral, Amp uses on-chain collateral managers, which are smart contracts that manage Amp on behalf of a specific collateralization application. Collateral managers interact closely with collateral partitions to allow, deny, and redirect Amp token transfers as needed and support the collateralization of value transfer activities. Amp has been designed to support any number of collateral manager contract implementations, and anyone can build and deploy their own collateral manager smart contract to integrate Amp with their own applications and use cases. The first collateral manager built on Amp is the Flexa collateral manager, which manages the Amp tokens staked to the Flexa network for the purpose of securing digital asset payments. To incentivize staking Amp, the Flexa collateral manager uses each collateral partition as a "pool," to which anyone can contribute Amp tokens, and in which the Flexa collateral manager deposits a network reward as a percentage of each successful transfer's value. Due to Amp's role within the Flexa network, it not only accrues the value of the entire network's spending capacity, but also provides for a system of network rewards that are both highly elastic and exponential.