Agave FAQ
What is the Agave ticker and contract address? The ticker is $AGVE and the contract address is 0x3a97704a1b25F08aa230ae53B352e2e72ef52843.
What is Agave? Agave, in a few words, is Aave on xDai. For more information, please refer to these articles:
A detailed introduction to Agave is also available on our Medium Channel.
What is the total supply of $AGVE? Total Supply: 100k Circulating Supply: 27,799k
Is there a website for Agave? Agave.Finance is our brand new website.
Where can I find regular updates about the project? We are providing weekly updates. You can read them all here:
#1 / #2 / #3 / #4 / #5 / #6 / #7 / #8 / #9
When will the product launch? On May 1st, we received successful feedback from Chainsulting, the company running the audit of Agave's contracts. Before the official launch of the platform, we will run a testing phase to make sure that everything is running perfectly. After this step, Agave's platform will be launched. Although the hope is to release the product soon, we do not want to rush deliveries.
Where can I find a roadmap for Agave? Here is a simplified roadmap for Agave, subject to change
What about marketing? Marketing will begin as soon as Agave is deployed, as presented in the roadmap. Any indirect marketing before token launch will just occur through proposals, documentation, token listings.
Our main marketing push will be in coordination with Agave's deployment, Celeste, Honeyswap v3, to promote the entire 1hive ecosystem as a whole.
Is $AGVE on Coingecko? Yes! Here’s the link: $AGVE - Coingecko.
Can I contribute in some way? Your participation is always welcome. As of now a few bounties are open, and you can check them all here and claim them by getting in touch with Buzz Dao. We are working on a proposal to create new bounties accessible to all users, mostly related to token listings. (Coinmarketcap, Blockfolio, Dappradar, Coinpaprika, Dune Analytics etc)
Where can I see a chart of $AGVE? Here you can see the chart for $AGVE from the Honeyswap Analytics page.
Other available charts are on Coingecko and Moontools.
Where can I track LP rewards? LP tracking can be found on Liquidityfolio
Why wasn’t I eligible for the airdrop? More than an airdrop, the $AGVE token was distributed to contributors and active members of the 1Hive community, prior to a snapshot which took place on January 25th. Here you can find info regarding the token supply, the token allocation, and the list of eligible addresses.
How do I claim my contributor distribution? If you were eligible for the contributor distribution (Please check the list of addresses here) your allocation of $AGVE was already sent to your wallet.
Will there be a future airdrop? Although this is pure speculation since we are a DAO and this would require a community vote there appears to be some interest in an airdrop after deployment. The airdrop could focus on attracting TVL. This portion of the airdrop can be very specifically targeted to eliminate gaming. There may also be a marketing/hype component giving people ample time to so people may participate.
What happened during the token launch on February 28th? During the token launch traders experienced high volatility due to a mistake made while opening the AGVE/HNY pool: The intended ratio of 50HNY/10,000 AGVE ratio was set at 50HNY/1000AGVE. This created a chain of events which caused extreme volatility and the team pulled the liquidity off and reinserted it in another pool (AGVE-WETH) at the proper ratio. Some users may have occurred in some losses, while others may have benefited from this. Please, read Reflection on the Agave Launch to gather more context.
I was affected by the mistake regarding the initial liquidity and bought $AGVE at a very high price. What will happen now? Given that, when trading, the responsibility is of the trader, those who were heavily affected by $AGVE’s price received a compensation proposed by the team members and voted by the community, outlined in this post.
How can I provide liquidity and for which pair? At the moment, the 3 largest pairs for $AGVE: AGVE-WETH, AGVE-HNY and AGVE-XDAI.
You can provide liquidity by clicking here → Add Liquidity → Select which pair you want to provide liquidity for.
Is there a bug bounty program? Not yet, but it could be closely modeled after the 1hive bug bounty
How do I follow Agave’s upcoming announcements? There are several ways to be in touch with the Agave’s community: Agave Discord: Agave Discord 1 1Hive Discord: 1Hive Discord 1Hive - Agave Channel Telegram: https://t.me/Agave1Hive 1 Twitter: https://twitter.com/Agave_lending Reddit: https://www.reddit.com/r/AGVE/ Medium: https://agavefinance.medium.com/
My issue was not addressed in the FAQ. What can I do? The best way to get help from a member of the 1Hive community is to land on the ⛈help channel on Discord.
Can I stake $AGVE? As of May 10th, you can finally stake your Agave. Click here to access the app
What is the cooldown period? The cooldown is how long you have to wait to withdraw a stake. It is a "safety module". The idea is that you can't immediately withdraw your staked tokens, since you are staking to protect from a shortfall event.
What is a shortfall? Click here for a definition of shortfall.
What happens when I click on "Activate Cooldown? When you activate the cooldown period you'll have to wait 10 days before unstaking your tokens. Then, you'll have 2 days to click "unstake" --> window closes
What happens if you don’t withdraw during 2 day window? If you don't withdraw within the 2 days, the window closes and you have to reactivate the cooldown period.
Do I still receive staking rewards during the cooldown period? Yes! You receive staking rewards until you don't unstake your tokens.
Where did the 500 AGAVE come from? The 500 Agave (0.5% of the total supply) were proposed and voted by the community in one of the recent votes. Click here to read more.
If I stake AGAVE, do I get a "stakedAGAVE" token? Yes, you get stkAGVE.
Will it be possible to vote with stkAGVE too? Currently, this is not possible, but everything is in place to allow this function once we upgrade the DAO. We will be having an "unstake party" to vote when that happens.
What happens in 6 months, does it automatically unstake? Maybe. You may still have to manually unstake at that time. We’ll communicate before then about what will happen when the period ends. There won't be any loss of rewards if you don't unstake right away, but you will still have the cooldown to contend with. Our plan is that this will transition to receiving a share of the protocol rewards when it launches, in which case you wouldn't ever want to unstake.
What happened to Alvin? On May 25th, 2021, http://dripp.farm had its liquidity pools drained for both the ALVIN and SHWEATPANTS tokens, resulting in a collapse of the price. Although Agave is not responsible for what happened - nor affiliated with the creator of the project - we will support our community members who incurred losses. Read here for a post-mortem and here for more information.
What / Who is Alvin? Alvin is an ERC20 that is exchangeable (in whole number quantities) for a limited edition plushie of the agave logo character (named Alvin) and an NFT (Non Fungible Token). Inspired by the success obtained by Unisocks (worth over 100k at the time of writing), it is the first collaboration (Cross-Pollination) between 1Hive and Shenanigan.
Can I still redeem my Alvin plushie (Or my Shweatpants)? At this point, we are looking for a fair solution to solve the situation, by keeping in consideration the needs and the rights of everyone involved. We will update the community as soon as there is something tangible to share.
