So how does Agra work and what is it really? Compared to existing onchain credit platforms, Agra underwrites risk differently. AAVE, Morpho and others price your collateral with static risk parameters + utilization curves. Everything is pre-set and slow to evolve. This is the Uni V2/V3 of credit. Agra uses a fundamentally different model. We use auctions to price collateral in realtime. This is a CLOB for margin and credit! Agra fundamentally is an exchange for _______ backed securities. We enable trading of DeFi backed collateralized debt positions. The first of its kind. We have built THE toolkit for sophisticated risk managers to underwrite risk of any collateral type in DeFi, whether its a perp position on hyperliquid or a looped PT token on a credit market. We will support it. This has huge implications for the market structure moving forward and something I am deeply passionate about. We like to present Agra as a prime brokerage but really it is much much more. A...
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