Amplify Protocol a peer-to-peer system, designed to solve the problem of supply chain financing. It aims to improve the traditional lending system by making it accessible and easy to use.
Amplify Protocol — a decentralized finance application that allows you to borrow against assets. The Amplify Protocol provides tools to help participants to interact with the protocol.
Lenders provide liquidity to facilitate financing. Liquidity is provided in the form of stablecoins. To start lending and earning, you need to follow just a few simple steps. Open the decentralized application. Agree to the terms of use if you have not already done so.
Click "Connect wallet" in the upper right corner. AmplifyProtocol currently only supports the Metamask wallet. Explore pools. You can view a summary of all borrower pools on the “Earnings” page. Join the discord channel.
Each transaction in the borrowing pools is subject to a fee, which is paid into the liquidity fund (LPF). Fees are charged in the base currency of the pool. In this way, your credit assets are protected by the LPF, offering up to 10% protection against loan defaults - with zero defaults to date.