Summary
Agora DeFi is an open source and non-custodial money market for lending and borrowing on Metis.
Users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
Features
Depositing and Earning
Borrowing
Liquidations
How do you interact with Agora DeFi?
In order to interact with Agora, you simply deposit your preferred asset. After depositing, you will earn passive income based on the market borrowing demand. Additionally, depositing assets allow you to borrow by using deposited assets as a collateral. Any interest you earn by depositing funds helps offset the interest rate you accumulate by borrowing.
Governance Token
$AGORA is the governance token of the Agora platform.