Founded by Tomasz Wojewoda, AGA is mining-backed yield farming with incentives for holders. Liquidity providers receive yield and stakers lockup tokens and receive staking rewards in AGA. Once a week, mining rewards are used to buy back AGA from the open market. The AGA circulating supply is less than 3,000,000 with a total supply of 6,000,000.
We at Strudel are happy to announce that AGA has recognized the potential of Strudel to enhance its token model by guaranteeing participation in our protocol. Strudel and AGA will facilitate a solution that instantly converts AGA mining rewards (BTC, BCH) into vBTC and vBCH by utilizing the respective Strudel bridges. Bridged assets will also be added to liquidity in order to deepen pools and decrease volatility. This will be a major milestone with big implications as we onboard more miners who want to have the value they have earned available in DeFi protocols without intermediaries or trusted third parties. Most importantly, as far as Strudel is concerned, is that AGA will be providing a regular supply of bridged assets that will be used to deepen liquidity pools and boost bonus multipliers for farmers. If farming rewards weren’t enough incentive previously, they will most certainly be now.
The AGA and Strudel development teams have exchanged tokens to signal this partnership and initiate our long-term relationship.
Regarding the partnership, Tomasz states:
“The Strudel Protocol has the potential to play a major role in the tokenized Bitcoin landscape. By providing a truly different product they stand apart from other projects in the space. The AGA team is thrilled to participate in the project and will be looking to leverage the opportunities within for a long period of time.”
He’s right, you know.
AGA miners hard at work!