Amnis Finance

Amnis Finance (AMI) presents a compelling investment case as the dominant liquid staking infrastructure on the Aptos blockchain. With a total score of 7.21, the protocol excels in 'Market and Use Case' (8.5), 'Team and Governance' (8.5), and 'Security' (9.5), reflecting its status as a blue-chip project within its specific ecosystem. Backed by Aptos Labs and OKX Ventures, and secured by top-tier audits from OtterSec and MoveBit, it offers a high degree of operational safety and product-market fit. However, the investment thesis is tempered by significant transparency and tokenomic risks. The 'Active Development' score (4.5) is notably low due to a closed-source approach that obscures code velocity, forcing reliance on off-chain metrics like TVL. Furthermore, 'Tokenomics' (6.8) reveals a high-FDV, low-float structure with nearly 50% insider allocation, creating potential long-term sell pressure despite a functional utility model. While 'Community Support' (6.5) is robust in numbers, it is heavily driven by incentives. Overall, AMI is a strong infrastructure play for those bullish on Aptos, but investors must navigate the centralization risks inherent in its vesting schedule and development opacity.