Introduction

Agama is a synthetic dollar protocol backed by real-world private credit and bonds. Depositors put in USDC and come out with either targeted exposure to a specific real-world credit pool, or a diversified, yield-bearing dollar that spreads across the whole book automatically.

Every position is a deposit — the risk you take on is the real-world performance of the pools you're exposed to.

Components

See Overview for the full architecture and How it works for a walk-through of both entry points.

Getting started

• Depositors: read How it works, then decide between a direct pool deposit or minting agUSD.
• Yield seekers: mint agUSD, then stake it for sagUSD to compound the blended pool yield.
• Everyone: read Risks before depositing — real-world credit and bond exposure carries risks that don't exist in purely on-chain systems.