Is Amnis Finance Safe?
Risk Grade: B- (33/100)
Amnis Finance is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — clean track record with standard liquid staking, but extreme market dominance (82%) creates systemic risk for the entire Aptos ecosystem
A liquid staking platform on Aptos that lets you earn staking rewards while keeping your APT liquid for DeFi. It holds $24M in deposits and dominates 82% of the Aptos LST market. Its B grade reflects clean operation and standard mechanisms, offset by the systemic risk its dominance creates for the entire Aptos DeFi ecosystem.
TVL
$24M
Mechanisms
5
Interactions
5
Value Grade
B-
Key Risks for Amnis Finance Users
Amnis controls 82% of all liquid-staked APT. If amAPT loses its peg, the cascading liquidations would hit every lending platform on Aptos simultaneously.
Your staking rewards depend on the validators Amnis delegates to. If several validators go down at once, your rewards drop and amAPT could lose value.
Two different tokens (amAPT and stAPT) create confusion about which to hold and use in DeFi, potentially fragmenting liquidity.
Top Risk Factors
- •82% dominance of Aptos LST market creates systemic risk: an amAPT depeg would cascade through the entire Aptos DeFi ecosystem.
- •Validator delegation concentration on Aptos's relatively small validator set creates correlated slashing and downtime risk.
- •Dual-token model (amAPT for instant liquidity + stAPT for yield-bearing) introduces complexity in DeFi composability.
Risk Score Breakdown
Amnis Finance's highest risk area is Vitality Risk (9/10). Here's how each dimension contributes to the overall 33/100 score:
Read the Full Amnis Finance Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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