aga.finance/defi — introducing AGAr
AGAr — AGA Liquidity Provider Bonus Rewards Token; a derivative of the AGA Token — 0xb453f1f2ee776daf2586501361c457db70e1ca0f.
We just minted 21,988 AGAr. Once and for all; no more AGAr can be minted. NONE WILL BE SOLD OR DISTRIBUTED until September 15, 2020. Then, on September 15 we distributed AGAr — our new AGA Liquidity Provider (LP) Bonus Rewards Token to our current AGA Liquidity Providers (LPs). Unashamedly inspired by YFI.
“No one will be able to buy AGAr ahead of time, there is no pre-sale, and no dev fund. So, there will be no dumping either. I think this constitutes a fair launch, with no presale, no rug pulls and no bullshit.” — Tomasz
September 15, 2020
- On September 15 we created one Uniswap AGA-AGAr pool with 30,000 AGA and 3,000 AGAr initially setting the price of AGAr at 10x AGA. The new AGA-AGAr pool will pay DOUBLE the APR of the AGA-ETH pool!
- We distributed AGA and AGAr Bonus Rewards to our current AGA LPs. We distributed between 15 and 150 AGAr per LP, with less than 1,000 AGAr in total going to LPs in September.
- We secured the remaining 18,000 AGA in a hardware vault and only open it on monthly basis to pay LP Bonus Rewards.
Now, as you know our new AGA-AGAr pools pay 2x the Bonus Rewards of AGA-ETH pool. Let’s dive into the LP rewards.
- AGA-AGAr pool on Uniswap will be seeded with 20,000 AGA and 2,000 AGAr (setting the initial price of AGAr at 10x AGA).
Liquidity providers to AGA — AGAr pools will have until September 24th to add their liquidity to qualify for October 15th rewards paying out up to 1,080% APR. Minimum of 5,000 AGA.
Yield Farming AGA-AGAr Minimums
- Uniswap: Minimum liquidity provided to earn bonus rewards is 5,000 AGA and equivalent value of AGAr. Uniswap will do the calculation for you.
Staking and Yield Farming Options
To learn about other Staking and Yield Farming Options for AGA please see the following Medium articles:
“Mining backed, governance token with high yield staking for liquidity providers. Uniswap pooled and staked tokens…
Why 21,988 AGAr?
21,988 tokens allow us to pay rewards till 2022 and still have some tokens left in the liquidity pool.
Why 3,000 AGAr in initial liquidity?
Provides price stability in September, but also in later months as more AGAr are paid out in rewards.
Why 21,988 vs. 22,000?
I like the year 1988, and I like 8’s in general.
Why price ration of 10 AGA to 1 AGAr?
To make the AGA and AGAr bonus rewards initially equal in value.
Are prices of AGA and AGAr related?
Somewhat, if AGAr goes to $100, then people will want to farm it, and to farm it they will need AGA which will drive price of AGA up.
Most governance tokens are mintable, why is AGAr non-mintable?
Mintable coins are more suspect to exit scams. We want to give you as much confidence as you can have in this space.
- AGAr Token Contract: 0xb453f1f2ee776daf2586501361c457db70e1ca0f
- AGAr on Uniswap: https://uniswap.info/pair/0xc90bd6fa4ee2cdaa93cf40f59d0edb5559b63ae0
- AGA on Uniswap: https://uniswap.info/token/0x2d80f5f5328fdcb6eceb7cacf5dd8aedaec94e20
In order to qualify for AGA and AGAr Bonus Rewards on 15th of each month:
- Add or change liquidity in the AGA pool of your choice between 16th and 24th of each month. Doing so outside of these dates will disqualify you from the next reward.
- We will only go by the last — most current liquidity transaction. So, if you have 10,000 in the pool, and only want to receive the next reward on 5,000 AGA, you must first withdraw the 10,000 and then add 5,000. Due to the nature of how Uniswap operates, it is impossible for us to account for rebalancing of the pool. You can carry over undisturbed liquidity from month to month, and you can add more liquidity, assuming that you do not perform any — withdrawals from the liquidity pool. If you withdraw, withdraw ALL and then add what you want for the next period.
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