The Agave Platform offers liquidity incentives to the participants of its Money Market Protocol.
The $GNO and $AGVE rewards on the Agave platform, voted by both communities ($Stake votes here — $Agve votes here), are a major milestone for our DAO, as well as representing an important moment for the entire xDai ecosystem. These rewards have been modulated into $GNO + $AGVE.
Up to $1,000,000 in rewards are going to be distributed over the course of 1 year, giving an incentive to investors to lend and borrow their assets into the Agave Platform and, therefore, increasing its TVL.
What is particularly interesting about these rewards is that 3 projects are joining forces to strengthen the Gnosis ecosystem. In fact, by depositing any asset on the agave platform, users will receive rewards in $GNO and $AGVE in form of a CPT token (Cent Pool Token), which is an LP token on Symmetric which accrues an APR of roughly 40% on a 50% Gno / 50% Agave pool.
These interests are paid on a weekly basis in $SYMM.
What does this mean for Agave’s users? Participating in the Agave platform allows users to earn:
Click here to watch a walkthrough on this topic and here for a step-by-step guide.