FAQ

What is Agama? A protocol that turns USDC deposits into yield-bearing exposure to real-world private credit and bonds, either through a direct pool deposit or through agUSD, a synthetic dollar that auto-allocates across every active pool.

What is agUSD? A synthetic dollar minted 1:1 against USDC. Its backing is automatically spread across every active Lending Pool instead of sitting in a single one. See agUSD.

What is sagUSD? The yield-bearing form of agUSD. Stake agUSD to receive sagUSD, which accrues value as the underlying pools earn yield from private credit and bonds. See sagUSD.

Should I deposit directly into a pool, or mint agUSD? Deposit directly if you want concentrated exposure to one pool. Mint agUSD if you'd rather have diversified exposure across every active pool without picking one. See How It Works.

Is agUSD redeemable for USDC? Yes — agUSD can be redeemed back to USDC. Redemption is subject to the underlying pools' available liquidity; see Risks.

What backs the yield? Real-world private credit and bond deals. Pools deploy deposited capital into those deals directly, and the yield they generate flows back to depositors — there's no protocol emission subsidizing the return.