Agave Development Update #17
Agave released Development Update #17 for 7th — 13th August, 2021.
🔸General Updates
- The growth of the xDai ecosystem continues, slowly but surely. There are currently over 4M wallet addresses on xDai. Keep updated by checking the last update.
- More stats: A very high percentage of the circulating Agave are locked in the safety module (current APY 14,33%), and the AGVE-WXDAI pair on Honeycomb has a current APY of nearly 16% (rewards in xComb).
- Speaking of farming, 1Hive celebrated its farms on Polygon by rewarding its users with a POAP. Read the details below on eligibility criteria and claiming info here
- NFT: they made some progress and are about to complete the showcase page design of app.
- Alvin: community members are working out the payments pipeline for purchasing and for shipping the plushies. Once the order will be processed, they estimate it will take approximately 30 days to receive the purchased items
- As previously mentioned, if you wish to contribute actively, you can do so by claiming one or more community bounties. The list of all available bounties can be found here.
🔸Development Updates
- They’re adding a WXDai/Native gateway to allow transparent usage of Weth/Eth, WXDai/XDai. The work on the Native gateway is done on Deposit, and they still need to build it for Withdraw, Borrow, and Repay
- They cut down the scope of the liquidation engine to assist in having it ready for public testing sooner
- An Overview of the Agave Platform is available here!
About Agave
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.
📰 INFO
https://medium.com/agavefinance/agave-development-update-17-7th-13th-august-2021-1729c1f97721
