Introduction Agama is a lending market built specifically for tokenised real-world asset tranches. Lenders deposit stable, borrowers post a tokenised credit tranche as collateral and draw stable against it, and a Stability Pool absorbs liquidations as the protocol's safety net. Current scope Each market has its own (token, oracle, adapter) triplet, its own LTV / liquidation threshold / liquidation bonus, and its own debt counter — but they all share the same USDr liquidity pool. See Overview for the full architecture and How it works for a walk-through. The 6 markets New markets ship by deploying an additional adapter — no Lending Pool redeploy. Components

{[ { title: 'Lending Pool', href: '/lending-pool/overview', desc: 'Single USDr pool. Mints agYLD on deposit. Routes borrow/repay through 6 per-tranche adapters with isolated debt accounting.' }, { title: 'Stability Pool', href: '/stability-pool/overview', desc: 'ERC-4626 vault wrapping agYLD. Issues sagYLD. Absorbs liquidations at a discount. 7-day cooldown to unstake.' }, { title: 'Settlement Vault', href: '/settlement-vault/overview', desc: 'Holds seized RWA, queues off-chain redemption, refills the Stability Pool with USDr proceeds.' }, { title: 'Collectors', href: '/collectors/fee-collector', desc: 'Fee Collector · Treasury · Reserve Fund. Three-pool capital structure.' }, ].map((c) => (

))}

Getting started Lenders / borrowers: head to app.agama.finance, connect a wallet on Rayls testnet, and follow How it works. Developers: read each component overview, then the corresponding Functions reference. The Asset Adapter Interface covers the per-tranche extension points. Integrators building tooling on top of Agama: the per-market debt views ( and ) are the entry points for any analytics or risk dashboard.

FAQ