Agora 1.0 is now live! Our team is proud to announce the first version of our platform — the next generation yield-earning staking protocol on Avalanche, powered by our AGR token.
Why Agora?
Cryptocurrency has seen not one, but two bull market runs in the last year alone. As exciting as this space is, it’s unpredictable. And in sideways or bear markets, or anything that doesn’t resemble euphoric up-only price action, users typically turn to DeFi protocols to preserve their wealth in stable and predictable ways.
What existed in the market already, frankly, was not impressive. As DeFi protocols increase in size, they stop innovating and looking for significant yields since they can rest on the laurels of their market share.
Agora is constantly on the hunt for sizeable yields and rewards for its user base that outsize and outperform similar protocols. And by being an early adopter, our user base will reap these benefits ten-fold.
By utilizing many yield earning methods, Agora is able to offer APYs of up to 473% which are both stable and sustainable. Below follows a simple overview of the three methods used as well as why they are effective.
Investing in other Proof-of-Stake blockchains
Many different Proof-of-Stake blockchains offer rewards for staking funds and helping keep their network secure. Agora picks the most profitable and stable of them and invests user funds in them.
Lending platform
Agora will create a lending platform where users will be able to lend tokens from the pool and pay interest to Agora. This component is currently under development and the launch date will be announced soon.
Stablecoin yield
Agora will also create algorithmic stablecoins that track the performance of various currencies, assets (gold, silver, etc.), and stock market indices. The algorithmic nature of the coins will create arbitrage opportunities whenever they deviate from their intended pricing. Agora will take advantage of these opportunities to earn profits for its users.
A more detailed version of how exactly Agora earns profit by utilizing these methods can be found on our whitepaper.
Although the dream is of a cross-chain protocol, crushing the barrier to entry and allowing any and all users to participate in this yield-earning opportunity, Avalanche was chosen as the first blockchain to bootstrap the Agora 1.0 protocol. The reasons behind that choice were the network’s low fees, high scalability and compatibility with the already existing EVM toolset. The plan, however, is to expand to other blockchains in the near future.
With many protocols being compromised, Agora took security very seriously. Our smart contract code has been audited and verified by two independent security researchers whose reports can be found on our Github repository.
The code was also made 100% open-source and other developers are encouraged to review it and build on top of it. An SDK for applications holding user funds will also soon be released to allow them to easily stake them on the Agora platform.
It’s time for Agora 1.0 to get to work for its users and create returns that are both stable and impressive.
Our team is excited to present Agora 1.0 — built on Avalanche.
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Website: www.stakewithagora.com
Web App: app.stakewithagora.com
Whitepaper: stakewithagora.gitbook.io/whitepaper
Twitter: www.twitter.com/stakewithagora
Telegram: www.t.me/stakewithagora
