TL;DR

  • 300+ reports submitted by testers
  • Augmented Finance devs fixed many bugs and created FAQ about most common bugs

Dear Augmented Community,

We’d like to thank each and every tester for your contribution to Augmented Finance’s future success: our joint success! We are well on our way to reaching all of the testnet goals and community engagement is just incredible. Thank you very much!

Community

The Augmented Finance community is truly global — 1702 testers from 82 countries around the globe!

Average user engagement time spent on testing the protocol —…


Hi everyone!

We are happy to announce the Augmented Finance protocol launch on the Kovan testnet. A $15,000 reward pool of $AGF will be distributed amongst participants for engaging in various activities. Read the testnet instructions below and welcome.

Here is the list of features included in the testnet:

  • 8 available assets (DAI, USDT, USDC, WETH, WBTC, aDAI, cDAI, cETH)
  • Depositing (supply) & Withdrawing assets
  • Borrowing & Repaying assets
  • Staking & unstaking agTokens
  • Locking AGF and boosting yield
  • Referral program

Testnet goals

  1. Identify bugs, glitches, typos, and areas for improvement
  2. Receive feedback and suggestions on the…


Summary

  • Peckshield has completed the previously announced security audit
  • Peckshield found 18 vulnerabilities
  • Augmented Finance team have fixed all of identified vulnerabilities

Dear Augmented Community,

We are proud to announce that the Augmented Finance protocol’s smart-contract security audit has been successfully completed. Peckshield audited and tested all the components and smart contracts: 20,000+ lines of code in total.

During the 6-week audit, 18 issues were found — 2 high severity, 8 medium severity, 6 low severity, and 2 other issues were found. All these issues have been fixed and resolved.


Sometimes it can be confusing which lending protocol to use to protect and increase the value of your crypto holdings. Currently leading lending protocols – Aave and Compound – offer little in the way of development for the industry as a whole.

DeFi: still early stage of development

Let’s face it, Aave and Compound are still small when we consider the grand scheme of things. This is because mass and institutional adoption of DeFi is still lagging and for the most part that is down to the complexity of today’s DeFi along with multiple security issues.

DeFi x AI

Augmented Finance is introducing a new generation of intelligent DeFi…


We are delighted to announce that the Augmented Finance protocol is launching on Kovan testnet by the end of August. The date will be announced closer to the launch.

A $10,000 reward pool of $AGF will be distributed amongst participants for engaging in various activities. We have activities for users to test key functionalities as well as social media tasks. Detailed instructions will be provided later.

Anybody is open to participate. To take part and be considered for the reward pool, please sign up for the Testnet here.

The Augmented Finance protocol will be launched on Ethereum Mainnet after the…


Summary

  • Augmented Finance started the security audit of the protocol smart contracts with PeckShield
  • PeckShield is the global leading blockchain security company that audited leading DeFi protocols — Aave, Maker, SushiSwap, and more
  • The security audit by PeckShield will help ensure the security of the Augmented Finance protocol, and is just one of a set of measures we take to make the protocol secure

Dear Augmented Community,

We are pleased to announce that we have engaged a leading blockchain security company, PeckShield, to carry out an audit of the Augmented Finance protocols’ smart contracts.

We’ve chosen PeckShield because of the…


Chainlink price feeds will be integrated to secure the Augmented Finance protocol against data manipulation attacks

TL;DR

  • Using Chainlink will boost the security of the users of Augmented Finance against price manipulations

Augmented Finance will integrate Chainlink Price Feeds on Ethereum. By integrating Chainlink’s industry-leading decentralized oracle network, Augmented Finance will have access to high-quality, tamper-proof price feeds needed to supply accurate and up-to-date price data to smart contracts when calculating lending and borrowing rates. …


Summary

  • Users who lock AGF for a period from 1 week to 4 years are rewarded with the xAGF token which gives holders time-weighted yield boost, share of protocol fees, and voting power
  • AGF locking will drive strong incentives to buy and hold AGF, thus helping bolster the resilient protocol through all market cycles

________________________________________________________________

Dear Augmented Finance community,

We are proud to introduce the…


LID Protocol accepts our proposal to join the Augmented Finance protocol and burn LID tokens, moving the value to AGF through a token burn and swap event.

Augmented Finance welcomes tokenholders to the bright future of the DeFi world.


We released the tokenomics overview for Augmented Finance. Check it out: http://docs.augmented.finance. We set up a dedicated channel to discuss the #tokenomics in our Discord: https://discord.gg/zjtEtQbzNy.

The team is heads-down working on building the protocol to unlock the intelligent DeFi era and bring new levels of efficiency to the market. Stay augmented!

Augmented Finance

Augmented is on a mission to build an open, efficient, and globally accessible financial system. https://www.augmented.finance/

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