AGS Finance: AMM/DEX On Astar Network

5 min readApr 8, 2022

AGS Finance is the first DEX/AMM to introduce protocol-owned liquidity on Astar Network. Other offerings include the lowest trading fees of 0.17%, ensuring that users get the best rate possible when trading on AGS Finance.

AGS Ecosystem

AGS Finance will be the first DeFi product of the AGS Ecosystem on Astar Network. With plans to expand the ecosystem with new and fresh products such as P2E games, Lending Protocols, and NFT Marketplace. AGS Ecosystem will be built around the Alter Grimace NFT brand.

Alter Grimace NFT

Alter Grimace NFT will play a big part in the AGS Ecosystem, with countless utilities, just for holding Alter Grimace NFT.

Utilities:

Farming APY Boost ( Up To 3% Boost )
NFT Staking
Exclusive Launchpad Access
Low Service Fees On AGS NFT Marketplace
P2E Game Character

*Exclusive Launchpad Access*

Holders of the Alter Grimace NFT will be allocated tokens every launchpad sale that happens on AGS Finance. Alter Grimace NFT holders can claim their share of the tokens once the token sale ends! ( Free Exposure To New Projects Launching On Astar Network )

AGS Finance Token ( $AGS )

$AGS is the core token on the AGS Ecosystem, users will be able to farm $AGS over on farms/pools on the AGS Finance Dapp. $AGS brings about a lot of utility as well, giving you access to all future AGS Ecosystem products.

Utilities:

Launchpad Access ( Contribute $AGS )
Mint NFTs ( P2E Characters )
Stake $AGS Earn Other Tokens
Mint Nodes With $AGS ( Nodes DeFi Project )

These are just some of the preliminary utilities for $AGS, more utilities will come once we expand the ecosystem.

What Can You Do On AGS Finance?

AGS Finance gives users many options to make money, users will be able to make trades by swapping tokens/ farm with AGS LP tokens/ Stake their Alter Grimace NFT/ participate in new launchpad launches, and many more!

Token Swap

Users can swap between two tokens on AGS Finance, users can ensure that they are getting the best rate possible due to low trading fees ( lowest on all of Astar )

Liquidity

Users can add liquidity to AGS Finance and use LP tokens to farm on AGS Finance.

New DeFi projects can launch their token on AGS Finance by importing custom contract addresses and adding liquidity.

Earn $AGS via Yield Farms

Stake LP tokens to earn $AGS. You get LP tokens through staking tokens in Liquidity Pools (LPs). The amount of $AGS rewards you will receive can be calculated via the APR (Annual Percentage Rate)

Earn tokens via Pools

Stake $AGS to earn tokens contributed by our partner projects. Partner projects provide us with their tokens to help increase their exposure via our platform or as payment for us helping them set up farms!

NFT Staking ( Alter Grimace )

Holders of the Alter Grimace NFT will be able to stake their NFT and earn $AGS tokens! On top of that, holders can also stake their Alter Grimace NFT and increase their farming power by 3%!

Launchpad

Users will be able to participate in IFO/IDO offerings on AGS Finance launchpad by committing tokens to the launchpad offering.

Tokens used for committing in launchpad offerings will either be $AGS or $AGS/$ASTR LP.

Trading Fees ( 0.17%)

When you make a token swap on AGS Finance, there is a trading fee of 0.17%. A portion of the fees goes to buying back the AGS token and forming protocol-owned liquidity in the form of AGS/ASTR LP.

Liquidity Provider Rewards ( 0.08% )

0.08% of trading fees go back to liquidity providers in form of the LP tokens that they have provided.

Protocol Owned Liquidity ( 0.06% )

0.06% trading fees are used to buy back AGS and form protocol liquidity, this will help to strengthen the price stability of AGS tokens.

AGS Finance Treasury ( 0.03% )

0.03% trading fees go to the AGS Finance Treasury which will then be used for further developments of the project

Roadmap

This is the roadmap of how we will be progressing with the project! We will be releasing AGS Finance ( DEX/AMM) very soon, we are discussing with a few prominent names to have a launchpad IFO over on their platform!

Phase 1

Will be really exciting for us as we continue to build a strong community around the project, starting with opening our discord. After which we will proceed with our DEX/AMM launch, we will be offering the lowest trading fees on all of Astar Network! And along with our DEX/AMM, comes the farming incentives and also our IFO!

Phase 2

Phase 2 of our project will be very very interesting as we will continue to expand TVL on Astar Network by doing heavy marketing! After that, we will be launching our NFT mint. 4,888 unique Alter Grimace NFT to be minted and used on AGS Finance ( Read Above To See Our Alter Grimace NFT Will Be Utilized ).

Phase 3

Phase 3 will be our biggest expansion yet, as we look to launch an NFT marketplace and also a Lending protocol over on Astar Network. These are big protocols that will put us on the radar of everyone on Polkadot! After our NFT Marketplace and Lending protocol, we will proceed with the first P2E game on Astar Network, utilizing our Alter Grimace NFT of course!