Agile Finance Docs
  • Agile Finance Documentation
  • Getting Started
    • Networks
    • Protocol Math
      • aToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • Gas Costs
    • Presale Direct Deposit
  • ATokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • AGL Distribution Speeds
    • Claim AGL
    • Market Metadata
  • Governance
    • Delegate
    • Delegate By Signature
    • Get Current Votes
    • Get Prior Votes
    • Key Events
    • Governor Alpha
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • API
    • ATokenService
      • GET: /atoken
    • MarketHistoryService
      • GET: /market_history/graph
    • ProposalService
      • GET: /proposals
      • GET: /proposals/:id
      • GET: /proposals/statistics
    • VoterService
      • GET: /voters/accounts
      • GET: /voters/accounts/:address
      • GET: /voters/history/:address
      • GET: /voters/:proposalId
    • GovernanceService
      • GET: /governance/agile
      • GET: /governance/proposals
      • GET: /governance/proposal_vote_receipts
      • GET: /governance/accounts
    • Shared Data Types
  • Agile.js
    • Agile Constructor
    • API Methods
      • Account
      • aToken
      • Market History
      • Governance
    • aToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • AGL Methods
      • To Checksum Address
      • Get AGL Balance
      • Get AGL Accrued
      • Claim AGL
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • Security
    • Formal Verification
    • Bug Bounty Program
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Governance

PreviousMarket MetadataNextDelegate

Last updated 3 years ago

The Agile protocol is governed and upgraded by AGL token-holders, using three distinct components; the AGL token, governance module (Governor Alpha), and Timelock. Together, these contracts allow the community to propose, vote, and implement changes through the administrative functions of a aToken or the Comptroller. Proposals can include changes like adjusting an interest rate model, to adding support for a new asset.

Any address with more than 65,000 AGL delegated to it may propose governance actions, which are executable code. When a proposal is created, the community can submit their votes during a 3 day voting period. If a majority, and at least 130,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.

Governance Diagram

AGL

AGL is an ERC-20 token that allows the owner to delegate voting rights to any address, including their own address. Changes to the owner’s token balance automatically adjust the voting rights of the delegate.