Agile Liquidity Staking Platform’s Total Value Soars to $467M After Ethereum Shapella

The liquidity staking space has received more attention this week after Ethereum’s successful Shapella hard fork allowed staking withdrawals.


Described as an LSD liquidity distribution platform that incentivizes deposits and liquidity collateralized tokens for ETH document Agility, officially a liquid staking platform, has experienced massive growth in recent weeks.

Agile contracts were introduced in the past two weeks. contract Agility’s ETH staking pool holding nearly $170 million in wETH had its first transaction nine days ago, while the contract deploy Its first transaction was 14 days ago.

According to Agility data, 5 of the top 10 most attractive DeFi smart contracts launched in the past 14 days by total inflow belong to Agility, and nearly $400 million has flowed into Agility’s equity pool in the past 7 days. Nansen.

Andrew Thurman, Head of Content at Nansen, said:

“Many commentators are looking forward to the season of ‘LSDeFi’ – products and services built on profits from staking ETH. Dexterity appears to be one of the first successes, and their growth rate may herald more to come.” “

According to DefiLlama, Agility’s total locked value has grown by more than 643% to $467 million since April 12, while the AGI token has risen by around 185% to $0.53, according to CoinMarketCap, boosting its market capitalization. to $7.5 million.

On April 12, data from CoinGecko showed AGI’s total daily trading volume at just under $9,000. Two days later, transaction volume spiked to about $1.5 million. At the time of writing, AGI had a 24-hour trading volume of over $7.2 million.

according to snapshot, Agility DAO has 129 members.Nansen’s profile programme At press time, the number of unique addresses holding AGI has increased from 1 on April 5 to 926.

Despite TVL and active activity, Agility makes some cautious after platform finds security GoPlus Note two “notes” about the AGI token code.

According to Open Zeppelin, three functions in the AGI contract allow privileged accounts to mint more AGI, increase the token supply, and suspend smart contract activity, such as transactions.

So the AGI token page on CoinGecko says:

“Smart contract holders can mint new tokens, please be cautious.”

CoinMarketCap also posted a similar warning on their AGI token page.

“The AGI token is a pretty standard implementation of OpenZeppelin,” said Ismael Bautista, software developer and community grant committee member at Moonbeam Network, via Discord.

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According to Coindesk

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