FAQ

#General

What is Augmented Finance?โ€Œ

Augmented is a DeFi liquidity protocol for high-yield lending and low-interest borrowing of digital assets, launched fairly and enabled by AI. Augmented is on a mission to help you achieve and secure financial independence and be your trusted long-term source of income.โ€Œ

How do I use Augmented Finance?โ€Œ

  • Supply your assets to our liquidity pools to receive liquidity rewards in AGF tokens plus interest in the currency of the asset you supplied

  • Borrow assets from our liquidity pools with the lowest rates and receive liquidity rewards in AGF tokens

  • Stake your agTokens and AGF-ETH UNI LP tokens to earn AGF tokens for staking

  • Lock your AGF to get xAGF and a boost (up to 4x) for your AGF rewards

When do you plan to launch the protocol?โ€Œ

We are planning to launch the protocol in Q3 2021. The exact date will be announced closer to the launch.โ€Œ

Have you done a security audit?โ€Œ

The security of the Augmented Finance protocol is our highest priority, and the team has taken all the necessary actions to secure users' funds. The protocol will be released only after we finish the security audit that is currently underway. Additionally, weโ€™ll establish a bug bounty program to reward improving the security of the protocol.โ€Œ

Why donโ€™t you disclose the team?โ€Œ

โ€ŒWe believe that the future of Augmented Finance should not be shaped by a group of creators and want to completely eliminate any human factor, building on the philosophy of Bitcoinโ€™s anonymous creator. Our team will stay anonymous as long as it doesn't hurt the successful growth of the protocol ecosystem.โ€Œ

Do you plan to establish a stablecoin or build an AMM into the protocol?โ€Œ

Not in the first version of the protocol. Maybe at a later stage.โ€Œ

Do you plan to implement flash loans?โ€Œ

Yes, we do.โ€Œ

When will a time-lock on the admin contracts be implemented?โ€Œ

Initially, there will be no time-lock. This is to enable us to quickly react to any issues that may arise. The ownership and admin management of the protocol will be migrating to decentralized governance (DAO) through the AGF token soon.โ€Œ

What wallets can I use for AGF token?โ€Œ

AGF is an ERC-20 token. You will be able to add AGF via Metamask or connect to the wallets that are supported by Wallet Connect.โ€Œ

Does Augmented Finance has a DAO?โ€Œ

Weโ€™re on a path to progressive decentralization and will implement a DAO soon.โ€Œ

How do I contact the team?โ€Œ

You can direct message us on Twitter, ask a question in #support channel in Discord, or simply email to [email protected]โ€Œ

#Tokenomics

How can I get or buy AGF tokens?โ€Œ

  1. Buy AGF on Uniswap once we launch the AGF-ETH liquidity pool there

  2. Supply your assets (USDC, USDT, DAI, WBTC, WETH, ETH*) to receive liquidity rewards in AGF tokens plus interest in the currency of the asset you supplied (e.g. supply DAI โ€” earn interest in DAI plus AGF rewards)

  3. If you participated in the token burn program (ended in May 2021), you can claim AGF in exchange for your burned tokens

โ€Œ* Youโ€™ll need to convert ETH to WETH using our gateway or you can supply WETH instead.โ€Œ

Why are you going to list only on Uniswap?

Uniswap will be the first but not the only one. We chose it because:

  • It's the biggest and widely used DEX in DeFi space;

  • It's the most reliable;

  • It has the biggest liquidity.

What are the staking rewards? How do they work?โ€Œ

The staking rewards come in the form of AGF tokens and are earned by staking agTokens and AGF-ETH UNI LP tokens into the staking module. This improves the security of the protocol.โ€Œ

What are the liquidity rewards? How do they work?โ€Œ

The liquidity rewards are for supplying and borrowing underlying assets (USDC, USDT, DAI, WBTC, WETH, ETH*) to the protocol.โ€Œ

* Youโ€™ll need to convert ETH to WETH using our gateway or you can supply WETH instead.โ€Œ

What is the Dev Fund for?โ€Œ

The Dev Fund will be used to compensate the protocol developers and establish a bug bounty program.โ€Œ

Where can I see the deposit and borrow yields (APY)?โ€Œ

โ€ŒYouโ€™ll be able to see the APYs (annual percentage yields) for supplying and borrowing on various markets on our website once we launch the protocol.โ€Œ

Is there a planned coin burn in AGF? Similar to regular burn of BNB coins.โ€Œ

No, we have different mechanics to reduce the circulating supply of the AGF tokens (e.g. locking AGF tokens for up to 4 years to boost yields)โ€Œ

AGF token issuance decreases over time. Will the decreasing token issuance cause AGF token price to go up?โ€Œ

The decreasing token issuance is a proven mechanic to prevent price drops from occurring.