When Ethereum recently completed an Ethereum upgrade Shanghai aka Shapella, was heralded to usher in a new era of ETH staking. A project called Agility LSD is an immediate beneficiary. According to data from DefiLlama, the number of funds stored in its protocol – measured by total value locked (TVL) – spiked to a peak of $487 million last month, up from zero when its contracts launched in early April. So let’s dig deeper into the Agility project and its AGI token in the article below.
What is Agility?
Agility is both an LSD liquidity distribution platform and an aUSD trading platform. aUSD is an over-collateralized native LSD stablecoin minted with high-quality LSD assets and collateral stablecoins. aUSD can be used to help LSD Holders release liquidity at a lower cost.
Its vision is to unlock liquidity for LSD holders and explore more LSD trading scenarios, as well as provide deep liquidity for other LSD-relative protocols. It is a data analysis system designed to help businesses and organizations enhance their data management and analysis capabilities.
The platform combines technologies such as blockchain, artificial intelligence, and data mining to provide businesses and organizations with more efficient data management and analysis tools. It uses a hierarchy to manage information. Project members can access information related to their project, while the information is stored on the blockchain ensuring the integrity and security of the information.
In this way, the project makes it possible for businesses to collect, process and analyze their data in a safe, reliable and cost-effective way.
Why was Agility LSD born?
The birth of Agility is to help advance the development of artificial intelligence (AI) and address the challenges associated with this technology. The developers at Agility believe that AI has great potential to solve complex problems in areas such as health, finance, education, and stratigraphy. However, to achieve this goal, there is a need for a fully competitive AI development ecosystem that ensures security and safety.
The AGI token is used within the Agility ecosystem to help create a fully competitive business environment and to enable partners and developers to gain access to their artificial intelligence technologies. By using the AGI token, transactions can be done quickly, cost-effectively, and ensure confidentiality and security.
In addition, the AGI token also has the potential to increase in price if widely used and accepted by partners and investors, helping to create investment opportunities for investors interested in artificial intelligence and blockchain technology.
What makes it stand out?
Agility was developed to solve problems related to artificial intelligence (AI), including:
- Reliability: Artificial intelligence needs to be reliable and does not pose risks to users. AGI helps create a fully competitive business environment and ensures the safety and security of AI applications.
- Availability and Access: AGI helps increase the availability and reach of AI applications by creating a fully competitive AI development ecosystem and supporting partners’ and developers’ access to their artificial intelligence technologies.
- Convenience: AGI increases convenience and reduces transaction costs for AI applications by using the Ethereum blockchain to process transactions involving artificial intelligence.
- Diversity: AGI helps create a diverse ecosystem of AI development, providing tools and services for different sectors such as healthcare, finance, education, and stratigraphy.
In a nutshell, AGI helps to solve issues related to reliability, usability and accessibility, convenience, and diversity of artificial intelligence, and creates a full AI development ecosystem enough competition and support for partners and developers.
In addition, the AGI token also has the following salient features:
- Integration with Agility services: AGI tokens are used to pay fees and exchange on Agility’s service platforms and also used to exchange information between partners and developers.
- Cost and time saving: AGI token helps to keep transaction costs and processing time of transactions related to artificial intelligence.
- Safety and Security: AGI token is built on the Ethereum blockchain platform, has high-security features and cannot be changed or deleted.
- High upside potential: Like other cryptocurrencies, AGI tokens also have high upside potential is widely used and accepted by partners and investors.
Solve liquidity in a unique way
This project discovered a pain point that many projects in LSDfi will encounter, which is how to solve the initial liquidity problem of these new LSD projects and 2 scenarios were proposed.
LSD WAR
BullishETH is a low market-cap LSD issuer that is superior to Lido in terms of mechanism design and returns. It wants to gain a larger LSD market share, but the lack of liquidity and attention makes it difficult for BullishETH to grow quickly, which also limits the decentralization of LSD. However, things are different now. BullishETH can choose to cooperate with Agility and open its vault on Agility Liquidity Distribute Platform. With the incentives of $esAGI and $BULL, Liquidity Providers will notice the value of BullishETH and provide liquidity for it.
LSD Liquidity WAR
LSDLend has created a new lending mechanism that is more suitable for LSD assets. However, it can hardly attract ETH and LSD liquidity. But things have changed now. LSDLend can collaborate with Agility and open its vaults on the Agility Liquidity Distribute Platform. With the incentives of $esAGI and $LEND, Liquidity Providers will realize the value of LSDLend and provide liquidity for it.
Main features of Agility
- Agile Model Integration: Agility LSD allows projects to use Agile methods for product development. Project members can quickly introduce new or changed requirements, and these requirements will be updated and distributed to the entire product development team.
- Project Progress Management: Agility LSD provides tools to track project progress and assess current status. Project members can issue progress reports and suggest changes to ensure that the project is completed on time.
- Digital Asset Management: Agility LSD supports the management of digital assets by storing information related to these assets on the blockchain. This helps ensure the integrity and security of information and ensures that assets are managed efficiently.
- Process management: Agility LSD provides tools to manage the manufacturing process, from input to output. This helps ensure that production runs efficiently and reduces errors and losses.
Agility Token
Agility currently has 2 tokens, AGI and esAGI.
AGI Token
AGI is a token issued for the protocol, which functions in governance, rewards, and liquidity guidance. The AGI token is an important part of the Agility system, used to conduct transactions and exchanges between members of the Agility community, including application developers, investors, and parties. relate to. other. In addition, AGI is used to pay for services and products provided by the Agility system.
The AGI token was issued through an ICO (Initial Coin Offering) in 2017 and is currently being traded on several crypto exchanges.
The total supply of AGI is 500,000,000, of which 88% is used to incentivize liquidity. The pool has no allocation, meaning they can only participate in liquidity mining for profit, making it a fair launch.
Utility of the token:
- Conduct transactions and exchanges between members of the Agility community, including application developers, investors, and other stakeholders.
- Used to pay for services and products provided by the Agility system.
esAGI Token
AGI token holders can stake their AGI tokens to receive esAGI tokens, which have the voting power to vote for vault emissions in each epoch. The voted vaults will emit more esAGI tokens to liquidity providers who offer ETH or LSD.
esAGI is non-transferable and can be obtained in two ways:
- Rewards for liquidity providers
- Stake AGI and get esAGI
AGI can be freely converted into esAGI any time. The process is instant, and the ratio is 1:1. esAGI can be converted to AGI anytime through vesting. Holders to vote for their Vault.
Fee
All profits generated by LSD belong to aLSD Holders.
LSD Strategy Vault Yield
- 70% belongs to those who vote for the Vault
- 30% goes to those who provide liquidity for the Vault
Bribe Fee
- 90% goes to esAGI Holders
- 10% goes to the Treasury.
aUSD Redeem Fee(0.5%), belongs to the Treasury
aUSD Trading System Fee
- 20% goes to a USD borrowers
- 10% goes to market builders
- 10% goes to the treasury
- 60% goes to the market maker.
Roadmap
Stage One
- Genesis Liquidity Farming – to accumulate LSD and ETH liquidity.
- Launching aUSD Module and incentive aUSD-USDC liquidity.
Stage Two
- Launching LSD Strategy Vaults.
- Launching the Perp and Yield Exchange of the aUSD Trading Ecosystem.
- Launching the LSD Liquidity Distribute Ecosystem.
Stage Three
- Improving the aUSD Trading Ecosystem to attract external developers to build more trading scenarios.
- Improving the LSD Liquidity Distribute Ecosystem and launching the Bribe function.
- Exploring external application scenarios for aUSD.
Conclusion
Agility is a promising and promising LSD platform that brings flexibility, scalability, and distribution to blockchain applications. The project was developed to address issues related to reliability, usability and accessibility, convenience, and diversity of artificial intelligence. The AGI token helps increase convenience and reduce transaction costs for AI applications by using the Ethereum blockchain to process transactions involving artificial intelligence.
However, to successfully use Agility LSD in blockchain, requires a deep understanding of its design, optimization for performance, ensuring privacy and security, good integration with other systems, and carefully analyze and evaluate application, configuration, and scalability requirements. If implemented properly, Agility LSD can help developers create powerful and efficient blockchain applications.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Source: https://news.coincu.com/187092-agility-flexible-eth-staking-platform/