Agile Finance — Bringing a Whole New DeFi Experience to the Crypto Space

The growth of the DeFi sector in crypto is best captured in numbers. By December 2020, the total value locked (TVL) in DeFi protocols across all blockchain networks stood at $15 billion, up from $700 million earlier in the year. By October 2021, the TVL crossed $200 billion, and it shows no sign of stopping, steadily closing down on the $250 billion mark. Analysts believe that this exponential growth will only continue as more people will begin to interact with decentralized financial services globally. Such positive projections for the sector, and the belief that DeFi will eventually replace traditional finance, spur the development of new projects to meet the growing demand.

A new DeFi startup is seeking to take its place in the new era. Agile Finance is an algorithmic autonomous DeFi lending protocol that seeks to drive value to its users, allowing them to borrow and lend their favorite cryptocurrencies. While Agile Finance is a DeFi Lending service, the platform is unique among its peers, being the first of its kind to offer a DEX swap feature. With this innovative product, Agile Finance allows its users to provide liquidity and earn rewards, coupled with its lending services. Agile Finance combines essential features and products in the crypto space all under one umbrella, giving users the freedom to access these products from one platform.

Agile Finance is built on the Cronos chain, an EVM-compatible blockchain solution built to scale DeFi applications. Cronos Mainnet will be live on November 8. Agile Finance plans to build on other blockchain networks like Ethereum in the near future to facilitate cross-chain lending.

What Does Agile Finance Have To Offer?

The Agile Finance protocol offers a variety of products for DeFi investors, crypto enthusiasts, and developers to unlock a world of decentralized applications.

• Users can provide liquidity by depositing their favorite coins into the Agile Finance DEX to facilitate token swaps, borrowing, and lending. Liquidity providers will earn rewards in the protocol's native token.
• Users can access loans in popular cryptocurrencies on Agile Finance. They will be required to provide collateral and lock it in the protocol, for which the users would receive aTokens, pegged to the value of the collateralized asset. Users can then go on to borrow crypto according to the proportion of their collateralized assets, up to 60%. Borrowers will also enjoy rewards in Agile Finance's native token.
• Users will also be allowed to supply cryptocurrencies to provide a pool for borrowers to draw from. Lenders will receive rewards in the native token, at a percentage yield on the deposited assets.
• The DEX swap feature on Agile Finance will allow users to swap tokens.
• Agile Finance will support the world of non-fungible tokens with an NFT marketplace where creators and traders can buy or sell their favorite collectibles, drops, trading cards, and registered domain names. All trading on the NFT marketplace will be facilitated by the protocol's native token, and the supported digital assets are those of the ERC721 and ERC1155 variations.

Introducing Agile Finance's Native Token — $AGL

$AGL, as the native coin of the Agile Finance protocol, will fuel all activities within the ecosystem. The token is built on the Cronos chain and has a total supply of 1 billion tokens of which 10% will be available for purchase in the presale event in mid-November. Agile believes that the value of $AGL may increase as it serves as the fuel of the entire Agile Finance platform, from rewards to governance to powering trades in the NFT marketplace.

• $AGL token holders will be able to participate in governance proposals and voting towards the implementation of decisions in the Agile Finance protocol.
• All rewards for users of the protocol will be distributed in $AGL tokens. Liquidity providers, borrowers, and lenders are eligible to receive $AGL rewards. Also, long-term token holders (over 60 days) will receive $AGL tokens every 30 days (epochs) after the first sixty days of holding. The rewards will be distributed according to the number of tokens the user owns.
• All trades in the NFT marketplace will be in $AGL only, giving the token even more value.

The $AGL token presale event will be live in November, and 1 $AGL token will go for $0.05. The public sale and launch events will follow, and other developments according to the project's roadmap.

Agile Finance will be one of the first DeFi applications built on the Cronos mainnet. The protocol's features and upcoming interoperability support position it to become one of the top DeFi lending platforms in the crypto space.

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