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What is Agility, a new LSD project that is up 300% in a week?

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With TVL attracting more than $400 million a week, how long can the myth of the God Mine last?

The First mine in LSD attracts more than $400 million in a week. The price of the currency rises 300% in a few days.

Originally written by @8BTC_OFFICIAL

LSD mining project Agility (AGI) @agility_lsd was born after the introduction of LSD concept in Shanghai Upgrade. Since last weekend, Agility's TVL and currency prices have increased several times thanks to high liquidity mining earnings.

It has attracted more than $440 million in TVLS so far, with nearly $400 million coming in less than a week and more than $200 million in less than 24 hours. A16z is said to have entered the mine. To date, AGI-WETH pool returns on Agility have remained as high as 3648.6% APR. ETH single currency pledge income at 30% +APR.

What is Agility?

Agility became popular after Shanghai upgrade, trying to bring an LSD Summer carnival feast.

Agility claims to be the world's first LSD liquidity layer. The vision is to unlock liquidity for LSD holders, explore more LSD trading scenarios, and provide deep liquidity for other LSD-related protocols.

Agility is both an LSD liquidity allocation platform and an aUSD trading platform.

What is LSD? aUSD? aLSD? aETH? What are these?

LSDS are tokens issued by liquidity pledge agreements or platforms. Common LSDS include: Lido's stETH and wstETH, Rocket Pool's rETH, Frax's frxETH and sfrxETH, etc.

aUSD is an excess pledged stablecoin issued by Agility. Users can only cast aUSD by mortgaging aLSD or aETH.

aLSD and aETH are tokens issued by Agility to represent the LSD or ETH that users deposit into the protocol.

The value of aLSD and aETH is linked to the value of the corresponding supply assets in a 1:1 ratio and can be used for LSD liquidity allocation and aUSD coinage.

aLSD or aETH holders can deposit their funds into the corresponding pool and can receive three rewards:

100% LSD revenue, 30% Vault strategy revenue, esAGI token rewards.

The mechanics of Agility:

Agility Roadmap:

Agility is currently planned in three stages.

The first stage:

Genesis flow mining - accumulation of LSD and ETH mobility.

Start the aUSD module and excite the AUSD-USDC liquidity.

The second stage:

Launch the LSD Treasury.

Initiate Perp and Yield Exchange in the aUSD trading ecosystem.

Start the LSD liquidity distribution ecosystem.

The third stage:

Improve the aUSD trading ecosystem and attract external developers to build more trading scenarios.

We will improve the LSD Liquidity Distribute ecosystem and introduce Bribe functions.

Explore the external application scenarios of aUSD.

How long will Agility's mines last?

Liquidity mining projects attract TVL through high returns, Agility is no exception.

Agility's return is measured by the #AGI price, and when the AGI price crashes, the high return naturally disappears.

In the past, the high returns of liquidity mining are usually not sustainable. Will Agility have a different outcome?

Reminder: The rapid rise in TVL and currency price is the result of FUD generated by Agility's high revenue, and no one knows how long it will last.

Project birth time is short. Investors need to keep their money safe, DYOR.