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<aside> 💡 AGORA tokens are a full fair launch token to power the Agora DeFi ecosystem.
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Agora is a full fair launch token with no pre-mine, no private investors or team allocation.
100% of the token allocation will be used to incentivise and grow Agora adoption and liquidity for both the protocol itself and the money market.
There are 100,000,000 total AGORA tokens with fixed supply. The Agora token address on Metis is: 0x0Ed0Ca6872073E02cd3aE005BaF04bA43BE947fA
59% of the total token supply will be used for liquidity mining rewards on the money market to incentivise greater liquidity for lenders and borrowers, making for a more capital efficient money market.
Both sides of the market will receive 50% of the rewards (50% for lenders, and 50% for borrowers).
The ratio at which assets are incentivised will be based on the ratio of the asset being borrowed as compared to the other assets on the money market. The most active markets are thus rewarded the most. This can be seen via the ‘Daily Agora Rewards’ on the dApp.
The Liquidity mining rewards started from 14/01/2022 with the kick off of the Beta Liquidity Program (see below). The reward rate can be adjusted over time to extend the program.
The Liquidity Mining Rewards contract is: 0x3fe29D7412aCDade27e21f55a65a7ddcCE23d9B3 Agora + Rewards contract: 0x92DcecEaF4c0fDA373899FEea00032E8E8Da58Da
To incentivise early adopters of the money market, liquidity mining rewards will accumulate from 14/01/22 but not be claimable (withdrawn) until the launch takes place towards the end of January. This will be the ‘beta liquidity mining’ period. Claimable reward tokens will be viewable in the dApp.
The Beta liquidity mining program is scheduled to run till the token launches (becomes claimable). The current emissions rate during the beta period is approx 4 AGORA per block. These rates will be reduced following the launch and current emissions will be shown on the UI dashboard.
Rewards are distributed according to the following logic -
50% of all rewards go to the supply side and 50% go to borrows.
The system first determines the total borrowings and allocates the reward prorated based on the borrowings per market. The rewards within the market are then prorated based on absolute amounts supplied by each user.