Full description of Augmented Finance
Augmented Finance (https://augmented.finance/) is a new
DeFi (Decentralized Finance) (?) liquidity
protocol for high-yield lending and low-interest borrowing of digital
assets. It is innovative, easy to use and maximizes the reward for its
liquidity providers.
Augmented Finance has reached $18,000,000+ TVL in just two weeks since
its launch and became the fastest-growing lending protocol according
to DefiLlama https://twitter.com/defillama/status/1450133790269984779?s=21
Augmented Finance focuses on augmentation and intelligence as core capabilities:
– It learns and evolves its behavior based on market activity by
factoring in different parameters. One of the examples is dynamic
interest rates.
– It enables NFTs to be used in DeFi in various use cases, including
using NFTs as collateral.
Augmented Finance is engineered in a smart way to boost adoption:
– High yields (APY) on major assets (USDC, USDT, DAI, WBTC, ETH) with
accelerated yield farming.
– 4x yield boost with automatic maximization for supply, borrow, stake
via locking AGF
Token (?) as per the mechanism proposed by Andre Cronje
(similar to Curve’s mechanic of locking CRV for veCRV).
– Robust tokenomics with powerful governance token. Backed by 200
agent-based simulations. AGF token has high utility and is used for
various purposes: stake, boost yields on supplied/borrowed assets, get
a share of treasury funds, and vote on DAO proposals and protocol
parameters.
– Fair launch: no pre-mine, no ICO. Almost all AGF tokens will be
distributed to liquidity providers to incentivize protocol adoption
and decentralize the governance.
– High security. Non-custodial protocol with Chainlink oracle price
feeds, 24/7 dedicated support, and security audit by PeckShield.
- Exchange symbol (?): AGF
- Cryptocurrency type (?): Token (?)
Augmented Finance for developers
Augmented Finance social sites
Source: NOMICS
