🛠️Introduction to eAPT

eAPT: Liquid Staking Token on Move

eAPT is a liquid staking token that users receive when they stake APT or aBTC with Echo LSD (Liquid Staking Derivative).

How to receive eAPT? Users can swap aBTC to APT or borrow APT on Echo Lend by depositing aBTC. By staking borrowed or swapped APT on Echo LSD, users can earn staking rewards and receive eAPT which can be used to secure other MoveVM chains or utilised in Move DeFi protocols.

Unique features of eAPT

• Earns staking yield: eAPT earns native staking yield from Aptos.

• Introducing Native Liquid Restaking on Move: Stake eAPT to secure and run consensus mechanisms for any MoveVM AVS. eAPT enable any MoveVM chains or projects building their own blockchain infrastructure to leverage on Aptos for validation and security.

• Liquid & DeFi compatible: eAPT can be used as collateral in lending and borrowing protocols, perp DEXs, and more.