🧪Mechanism

Example to illustrate the mechanism :

1. Agio covers Ethereum price declines for a daily fee of 0,05%.

2. A user deposits ETH in the Agio platform and his NFT is minted. When the NFT was minted, the ETH price was 1240 USD.

3. Therefore, if the price of ETH goes below 1240 USD, $AGIO tokens will be transferred into the NFT to cover the losses.

4. If the price of $AGIO = 1 USD and ETH is at 1200 USD then 40 $AGIO are transferred, in order that the assets of the user stay at 1240 USD (40 USD worth of $AGIO )

5. A daily fee of 0,05% is deducted from the ETH deposited

6. If the price goes above 1240 USD, $AGIO goes back to the treasury since there is not any loss.

7. This process is continuous so whenever the user receives $AGIO to cover his losses, it is unrealized until he liquidates his NFT which he can do on our platform or open market.