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High-yield lending and low-rate borrowing DeFi protocol

Home Page: https://augmented.finance

License: Other

JavaScript 0.09% Ruby 0.77% TypeScript 57.88% Dockerfile 0.01% Solidity 41.25%

augmented-finance-protocol's Introduction

Augmented Finance Protocol

This repository contains the smart contracts source code and markets configuration for Augmented Finance Protocol.

What is Augmented Finance?

Augmented Finance is a DeFi liquidity protocol for high-yield lending and low-interest borrowing of digital assets.

Augmented Finance is on a mission to help everyone achieve and secure financial independence and be a trusted long-term source of income and liquidity.

Tokenomics

Total supply: 100 000 000 AGF, released over 30 years.

Fair launch: no pre-mine, no pre-sale, no ICO, no VC allocation. Unlike Aave and Compound where the majority of tokens distributed to ICO participants or Venture Capital funds, almost all AGF tokens will be distributed to the Augmented Finance protocol's users who actively use the protocol (borrow, supply, stake & lock).

Pools:

Pool % of Total AGF
Protocol Users 69%
Referral Rewards 1%
Dev Fund 10%
Ecosystem Fund 20%

Augmented Finance’s tokenomics is engineered to benefit the protocol's users, increase the protocol’s total value locked (TVL), and bolster the protocol's resilience through all market cycles.

AGF

Augmented Finance token (AGF) is the native token of the Augmented Finance ecosystem and the foundation of economics, governance, and safety for the protocol:

A user can lock AGF for a period from 1 week to 4 years, and receive xAGF to unlock the following use cases:

  1. Boost Yields (up to 4x) on:
  • supply and borrow of assets
  • staked agTokens (Augmented Finance's interest-bearing tokens)
  • staked DEX LPs
  1. Profit-share treasury funds
  2. Vote on various DAO proposals and protocol parameters

Supply & Borrow

Suppliers (lenders) earn high APY on supported assets supplied to the protocol, with the highest safety (e.g. supply USDC, earn interest in USDC, and receive liquidity mining rewards in AGF).

Borrowers pay low interest on supported assets borrowed from the protocol, with the highest safety (e.g. borrow USDC, pay interest in USDC, and receive liquidity mining rewards in AGF).

Stake

Stake AGF-ETH UNI V2 LP tokens: deposit your AGF and ETH to the AGF-ETH pool on Uniswap V2, get AGF-ETH UNI V2 LP (Uniswap liquidity pool tokens) and earn trading fees, stake your UNI AGF-ETH LP to Augmented Finance’s staking module to earn more AGF and increase the safety of the Augmented Finance protocol.

Stake agTokens: supply the supported assets to the protocol, stake your agTokens (Augmented Finance’s interest-bearing tokens) to Augmented Finance’s staking module, receive more AGF and increase the safety of the Augmented Finance protocol.

Stake AGF to Boost Yields and Earn Staking Rewards

Stake: lockup AGF for a period from 1 week to 4 years to receive xAGF and receive staking rewards.

Boost: Holding xAGF gives a boost (up to 4x) of AGF rewards for those who actively use the protocol — supply and borrow supported assets, stake agTokens (Augmented Finance's interest-bearing tokens), and stake DEX LPs (e.g. Uniswap liquidity pool tokens).

The users who lock AGF and actively use the protocol — get the maximum amount of AGF rewards.

Trade

Trade AGF on the largest decentralized exchange (DEX) — Uniswap, PancakeSwap (soon). More exchanges (both decentralized and centralized) will be added later.

Security

The Augmented Finance protocol security and safety is at the high level:

  1. The protocol code is open and thoroughly audited by PeckShield before the launch (link)
  2. The bug bounty program will be started
  3. Fast customer support and security alerts

Augmented Finance’s team has developed a world-class lending and borrowing protocol to meet the existent needs of users and unlock the intelligent DeFi era. Join us to unlock a new level of innovation in DeFi and power a brand new generation of decentralized intelligent financial services.

License

This program is free software: you can redistribute it and/or modify it under the terms of the GNU Affero General Public License as published by the Free Software Foundation, either version 3 of the License, or any later version. This project was inspied by and/or includes/modifies code of the following projects:

  1. Curve DAO
  2. Aave Protocol v2
  3. Compound Protocol
  4. OpenZeppelin

More Questions?

FAQ, Discord, Twitter, Telegram, Medium, Reddit

augmented-finance-protocol's People

Contributors

agagent0xf8 avatar the-3d avatar eboadom avatar kartojal avatar zer0dot avatar kyzia551 avatar agagent0xff avatar patitonar avatar agagent011 avatar orpistiner avatar dhadrien avatar augmentedfinance avatar agagent013 avatar agagent000 avatar tomasgray avatar agagent0xs avatar mrdavey avatar jarednielsen avatar shoenseiwaso avatar pierrickgt avatar shellygr avatar sondotpin avatar dangerousfood avatar scriptokittie avatar wenzhenxiang avatar

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