The promise of DeFi is extreme efficiency which yields the highest rate for the lender and the lowest rate for the borrower of digital assets: a basic financial primitive. The problem is that, right now, this is not the case. Protocols like Compound and Aave have created a tax on DeFi ecosystems, levied on their financial backers (venture funds or ICO participants).
We believe DeFi protocols should favor borrowers and lenders by running efficiently. There should be no legacy obligations and minimum spend on development. This is why we are building Augmented Finance.
Augmented Finance is on a mission to build an open, efficient, and globally accessible financial system.
We are building an autonomous, non-custodial liquidity protocol which yields the highest interest on deposits, while facilitating the borrowing of digital assets at the lowest rates. Augmented Finance is built to unlock the world of open financial applications.
AGF tokens will be the key component of the Augmented Finance ecosystem. The tokens are used for governance and staking, with more utilities to be added as the Augmented Finance user base grows.
Our community members can be found in the following social media: