Agave Development Update #19
Agave released Development Update #19 for 21th — 27th August, 2021.
🔸General Updates
- Community AMA Announcement: After discussing with the devs and seeds of Agave, they are happy to announce that second AMA will take place next Tuesday, August 31st, at 19.00UTC — (15.00EST / 20.00CET). The AMA will take place on Discord Server. You are welcome to participate, and feel free to ask questions on our channels even before the start of the event.
- In the upcoming AMA they are going to have an announcement related to Agave’s Testing, and our Gardens DAO implementation.
- Agave’s staking offers an APY of 14,43%, while the pairs Agve-xDai and Agve-Hny offer, respectively, an APY of 14,40 and 5,50%. Finally, Agve-Elk still offers a 290% APY (rewards paid in Elk).
- The backend of Agave NFT dApp is now running on a server and they already started working on the UX.
- 1Hive TV is a reality! Make sure to check out the first episode, available at this link. Agave was also at the center of the conversation, and you can check it at min 05.30.
- The writing up of the original Agave documentation has not yet started, and will begin in September.
🔸Development Updates
- The liquidation bot is about to be completed, and ready for testing.
- They have fixed up a few minor bugs around the handling of native/wrapped-native token usage. They expect that if users want to use a mix of the two, they will have to wrap or unwrap in order to have a sufficient amount, or make multiple transactions. Theoretically, they will support the use of either.
- Testing, and a few other important news, will be shared during next week’s AMA.
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-19-21th-27th-august-2021-f60b48e8d940
