Agave is a DeFi lending
protocol -
built on xDai

Agave protocol rewards depositors with passive income and
lets them use their deposit as collateral to borrow the desired
cryptocurrency at affordable costs.

Agave protocol rewards depositors with passive income and lets them use their deposit as collateral to borrow the desired cryptocurrency at affordable costs.

$AGVE is a native token that provides holders with DAO
governance rights. $AGVE can also be staked for insurance
to earn protocol fees and $AGVE rewards.

$AGVE is a native token that provides holders with DAO governance rights. $AGVE can also be staked for insurance to earn protocol fees and $AGVE rewards.

Agave Token Distribution

Treasury (72%) - The Agave treasury is for the community to decide its distribution. These tokens are for providing incentives for generating new prospects to continue to build the platform and community. Existing token holders can vote on proposals through the DAO. Examples of use cases are incentivizing liquidity, development, and marketing.

Liquidity Mining Pool (10%) - The liquidity on Honeyswap was bootstrapped with ten percent of the token supply. This will continue to act as a base level liquidity for the platform to ensure its continued success as liquidity is key to any lending platform. Fees generated from the liquidity pool act to draw more tokens into the pool, which reduces the overall supply of Agave in circulation as the liquidity funds will always be staked.

Community (8.4%) - These tokens were distributed to the 1Hive community in a fair launch based on the amount of cred accrued from pollen. The larger contributors from 1Hive received a bigger portion of tokens.

1Hive Staking (5%) - This portion of tokens will be for permanent staking into the security mechanism of the platform that acts will  protect the platform in the event of a shortfall. Additionally, it will provide a revenue stream as the fees generated from borrowers gets split between the stakers on the platform, and the treasury.

Seeds (4.6%) - The seeds are the developers of Agave. A very small portion of tokens will be distributed to the seeds, which are slowly released over one year to ensure continued support from the developers.