How it works
Amplify is a leveraging solution that enhances exposure to yield-generating assets through recursive borrowing.
It operates with two asset types:
- Collateral Asset: A yield-bearing asset users deposit to open an Amplify position
- Borrowing Asset: Borrowed against the Collateral Asset up to the user’s chosen leverage ratio
Amplify’s listed collateral and borrowing assets, and the isolated pool it runs against, depend on the current deployment’s spot market configuration. Check the platform UI for the assets currently supported.
Getting Started
Deposit collateral
Deposit a Collateral Asset into Velocity Earn’s Borrow/Lend program via Amplify
Borrow
System automatically borrows a Borrowing Asset against it, adjusting up to the intended leverage ratio
Conversion & Increased exposure
System automatically converts the Borrowing Asset into the Collateral Asset, increasing notional exposure and amplifying yield potential
Amplify Fees
Velocity does not charge any commissions or fees for using Amplify. However, opening or closing an Amplify position requires swapping one asset to another, which is done via a third-party service that may apply a swap fee.