Agave Development Update #18
Agave released Development Update #18 for 14th — 20th August, 2021.
🔸General Updates
- AMA: After the request of a couple of community members, in the next week(s) they will organize an AMA in which the devs will be available for the community, and in which they may brainstorm a few interesting possibilities for the future of community.
- Besides staking — current APY, 14,95% — , and farming — 15%APY on Agve-Hny and 5.50% APY on Agve-xDai — , there is a new way to earn with your Agave. Since a few days ElkFinance landed on xDai and the farming pair Agve-Elk has a very high (and still volatile!) APY. For clarity, Elk is not affiliated with 1Hive.
- NFT landing page is shaping more and more. Soon main devs are going to test the platform. They can share a first snippet of the main UI, subject to changes.
- Following the testing phase, they are soon going to implement DAO upgrade with Garden. Make sure to check out more about Gardens here and read the documentation on the Wiki Page. Info about the Agave Gardens testing phase can be found here.
- Next week a few community members will direct their attention on starting to provide some original Agave’s documentation.
🔸Development Updates
- They are completing a few details around the automatic native token unwrapping and wrapping.
- They have made a few progresses for what concerns the Liquidation contract — one of the last main things standing — and they are looking for opportunities to test it.
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-18-14th-20th-august-2021-610f22109b5e
