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Agave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. It is a fork of Aave protocol-v2, deployed on xDAI, and is being developed by active members of the 1hive community.
Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion (ie flash loans).