The promise of DeFi is that borrowing and lending of digital assets, a basic financial primitive, can be extremely efficient and yield the highest rate for the lender and the lowest rate for the borrower. Today, this is not the case: protocols like Compound and Aave create a tax on the DeFi ecosystem to pay-back their financial backers (venture funds or ICO participants).
We believe DeFi protocols should favor borrowers and lenders by running efficiently with 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.
Augmented Finance is an autonomous non-custodial liquidity protocol for earning the highest interest on deposits and borrowing digital assets with the lowest rates. Built to unlock the world of open financial applications.
AGF tokens will be the key component of the Augmented Finance ecosystem, starting from governance voting and staking to more utilities as Augmented Finance usage grows.