Security
Most losses in this space come from a fake site, a shared seed phrase or a rushed decision rather than from the contracts. This page first sets out what the contracts guarantee to anyone holding a position, and then covers the habits that keep a person safe.
- Nobody can change an existing offer or loan, move anyone's funds, or freeze anything
- Protocol fees come only from the interest on repaid loans
- The seed phrase is never asked for and never needed
- The interface is at app.ampfinance.io and shows every contract address
- Never send a position token or share a shielded address used here
What the contracts guarantee
Everything about an offer is fixed when it is posted, and everything about a loan is fixed when it is drawn. From then on, the contract enforces those terms and nothing else. That leaves a short list of things the contracts do not allow anyone to do.
| Nobody can | |
|---|---|
| Change an existing offer or loan | Not its terms, not its collateral, not its due date, not its fees |
| Move anyone's funds | Offers held by the protocol, collateral and uncollected repayments are released only to the holder of the right position token, on the conditions the loan fixed |
| Change what a market lends | The lending token is permanent |
| Take a fee on a default | Nothing is earned when a loan is seized |
| Pause, freeze or block | A shield, an unshield, a repayment or a claim |
| See who holds any position | AMP Finance has no more visibility into the ledger than anyone else |
These are properties of the contracts, not promises. The testnet is the exception: its contracts are still being developed and can be updated or replaced at any time.
The protocol's fees
Protocol fees accumulate inside each market. They come only from the interest on repaid loans. No fee is taken from principal, from collateral, from late fees, or from shielding.
Staying safe
The seed phrase
- Never enter a seed phrase anywhere except the wallet itself. AMP Finance never asks for it, has no field for it, and no support process needs it.
- The seed phrase is the whole backup. Every position is a token restored from it. There is no account to recover another way.
- Anyone who has the seed phrase has every token, every position and every balance.
The site
- The AMP Finance interface is at app.ampfinance.io, the testnet at preview.ampfinance.io, and this documentation at docs.ampfinance.io. Check the address bar before connecting a wallet.
- The interface never asks for a payment, a deposit to "activate" anything, or a transfer of a position token.
- A wallet's approval window shows what a transaction does. Read it. Approve nothing that is not the action just chosen.
The contracts
Every market and every shielding contract has an address, and the interface shows it on the market page and the Shield page. Compare it against an announcement from an official AMP Finance channel. An interface pointed at a different address is a different deployment, whatever it looks like. The interface also checks this itself: before building any transaction it confirms that the contract it is about to use is the one it expects, and refuses with a clear message if it is not.
Position tokens and addresses
- Keep offer tokens and loan tokens in the wallet that will use them, and never send one to anyone. There is no legitimate request for one. Positions and recovery.
- Do not give a shielded address used here to anyone who should not see its positions. Privacy.
Support and community
AMP Finance's official channels are listed in the footer of the interface and of this site. Questions and problems go to team@ampfinance.io. Nobody from AMP Finance will send a direct message asking for a seed phrase, a token, a payment or a wallet connection. Anyone who does is not from AMP Finance.
Deadlines
The one way to lose collateral on AMP Finance without anyone else being involved is to miss a repayment deadline. Repay early. Borrowing.