Agave FAQ
Last updated
Last updated
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 / #10 / #11 / #12 / #13 / #14 / #15 / #16 / #17 / #18 / #19
When will the product launch? Our Agave Platform is officially up and running from September 1st! Prior to launch, the audit of Agave's contracts has been completed by Chainsulting on May 1st.
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. We've recently published a first list of open bounties, which you can access by clicking here. Other bounties related to 1Hive are available here and are claimable by getting in touch with Buzz Dao.
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
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.
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.
