Agile Finance — a decentralized finance platform that is trying to combine conventional lending with blockchain technology.
Description of the Agile Finance project/strong>
Agile Finance capitalizes on the experience, learned from previous initiatives, resulting in a much better platform. Agile Finance will be the first to provide a DEX swap that will allow users to generate LP and liquidity for themselves to earn high returns on APY and drive up the price/volume of AGL, and allows them to borrow and deliver assets, using smart contracts. AGL - an abbreviation for Agile Finance Governance Token. Agile Finance will be token-driven (AGL), which will mint up to 700,000,000 tokens during the development of the lending platform and provide liquidity for the DEX exchange.
Other features:
| 1 | Lenders and borrowers will receive AGL tokens for using the lending protocol, and liquidity providers will receive AGL tokens for providing liquidity for the DEX exchange. |
| 2 | The AGL token distribution benefit will continue for six years. |
| 3 | AgileFinance will also place 50,000,000 AGL in the Cronos Chain token contract to reward AGL token holders in personal wallets that hold them for more than 60 days, depending on epochs. |
The token will be auctioned off through Agile Auction and the DEX exchange, with a portion of the initial offering, going towards project development. Early investors who use the system to take profits during this time will be significantly rewarded with tokens through the bonus system.
For buying and selling NFT collectibles on the Agile NFT marketplace, AGL/CRO will be used as the NFT currency. AGL will also be used as the auction currency to create an auction pool and pay auction fees.
More about defi app
The AGL holder reward system is designed to distribute benefits to AGL holders automatically under the AGL contract. The AGL Token Contract was created by AgileFinance for long-term AGL holders to receive certain benefits, based on the amount of their holding. If AGL holders keep AGL for more than 60 epochs, they will be automatically added to the list of eligible ones, and their reward will increase by 0.3% per epoch, starting from 30 epochs. Each epoch is usually defined as one day. The premium is obtained by increasing the cost of ownership by the highest effective annual interest rate. The site has a brief description of the site. Also, there is a Medium blog, where developers publish articles with news. The audit of the smart contract is available at the link.