The time has come for AGORA tokens to be unlocked, and we’re excited to show you what you can do with your tokens once you have them!
Walkthroughs for each step are provided below.
But first, some quick links:
Swap for AGORA — https://swap.agoradefi.io/#/swap
We have setup an LP for AGORA-Metis on Agora Swap which can be accessed at this link — https://swap.agoradefi.io/#/add/METIS/0x0Ed0Ca6872073E02cd3aE005BaF04bA43BE947fA
The contract address of the LP is — https://andromeda-explorer.metis.io/address/0xc6Eac7FF407EdB9D27463dc1f14FDdcfdF1f887d/transactions
The token address of Agora is — https://andromeda-explorer.metis.io/address/0x0Ed0Ca6872073E02cd3aE005BaF04bA43BE947fA/transactions
To unlock your AGORA from liquidity mining rewards, go to app.agoradefi.io
Hit Rewards in the Menu bar and then the Claim button next to Agora Earned.
Also in the Rewards tab click the Claim Airdrop text. This will take you the claim page. Connect your wallet to determine if it is eligible to claim the airdrop.
A list of all 26,346 eligible wallets (those who had interacted with Metis prior to Jan 24) can be found here.
A total of 4M Agora has been kept aside for Airdrops and incentives. 526,920 AGORA unlocks on day 1 and the remainder 3,473,080 AGORA vests over a year.
Eligible wallets can claim 1000 xAgora which translates to 20 Agora tokens on day 1.
This effectively means that while eligible wallets can withdraw on day 1 they get rewarded with more if they continue to stay staked.
The airdrop will be claimable for 2 weeks from 29–03–22. Any unclaimed allocation will be put into the staking contract for AGORA stakers after this period.
Now for the fun part. What to do with your AGORA once its unlocked!
1 — Supply to Borrow
You can use your AGORA as collateral to borrow other assets, such as USDC, USDT etc on the Agora Money Market. For example: supply AGORA, borrow USDC, buy more AGORA, rinse and repeat.
Go to app.agoradefi.io to supply AGORA, enable as collateral, and start borrowing!
2 — Add to LP and Farm
Supply to the AGORA-Metis LP on Agora Swap to earn trade fees for being an LP. Stake your LP in the farm to earn more AGORA as well!
Go here to add to the pool directly — https://swap.agoradefi.io/#/add/METIS/0x0Ed0Ca6872073E02cd3aE005BaF04bA43BE947fA
You can also access the pool page by going to swap.agoradefi.io — Pool — Add Liquidity.
Once you’ve selected AGORA and Metis as the assets you’d like to add liquidity to, hit Enable AGORA and then Supply.
2(a) — Stake LP to Farm
Click on Farms in the Agora menu bar or go to farm.agoradefi.io
Connect your wallet and then you can stake your LP tokens in the farm.
Farming rewards automatically accrue and can be harvested by going to Farm Rewards in the menu bar. Rewards will auto harvest when you add/remove LP from the farm as well.
3— Stake single asset AGORA
Stake your AGORA to earn protocol fees and more airdrop rewards.
Click on Stake in the Agora menu bar or go to stake.agoradefi.io
Connect your wallet and then you can stake your AGORA for more AGORA rewards in the form of protocol fees and airdrop rewards.
Those who have claimed their xAGORA from the airdrop will see their balance already staked. Simply keep it staked to continue earning the rest of the rewards.
Staking rewards automatically accrue and can be harvested by going to Stake Rewards in the menu bar. Rewards will auto harvest when you add/remove AGORA from the staking pool as well.