Read the Agoric Whitepaper
Agoric was founded by early cypherpunks and supporters of the free, open, decentralized web; Dean Tribble, Mark Miller, Bill Tulloh, and Brian Warner. As early as the 1980’s, the creators of Agoric recognized the benefits inherent in these kinds of applications and knew that other developers would see them, too. Blockchain technology provided the missing ingredient and, wanting devs to have better access to this new decentralized technology, Agoric Systems Operating Company (OpCo) was founded in 2018 to begin building a practical, accessible platform for smart contract development.
Learn more about the founders on the Team Page.
Since the whitepaper was published, Agoric OpCo along with a community of developers, validators, and BLD stakers worked together to launch the Agoric chain and brought it to mainnet. Along the way:
Mainnet-1 launched with the Inter Protocol MVP, the first production use of the Agoric VM and Zoe.
The chain moved to Mainnet-2, ready for permissioned third-party launches
MetaMask Snaps Launched with HardenedJS as a core safety component
stATOM was added as an option for Vaults, the first collateral asset onboarded by the community
The Agoric Advantages
Agoric has several unique features that set it apart from other smart contract platforms and many strengths that make it a competitive candidate for application developers.
. Want to be able to trade those assets instead? There’s
for that. If you’ve built applications with React or Node, you’ve already got a solid foundation for learning to build on Agoric.
Safety First Approach
The Agoric smart contract framework, Zoe, is used to run code on-chain and credibly trade assets. Zoe enables novel safety features like Offer Safety and Payout Liveness, two protections unique to Agoric that assure users they’ll get what they want out of a transaction or it doesn’t happen.
The Agoric Ecosystem
The Agoric ecosystem is constantly expanding and includes wallets, institutional-grade custodians, exchanges, cross-chain DeFi, NFTs, and more. Navigate a dynamically updated list of ecosystem resources at the Agoric Ecosystem page.
Inter Protocol (IST)
Inter Protocol is a community-organized, decentralized application launched on the Agoric chain that notably implements the Inter Stable Token (IST), the native fee token on the Agoric chain. Inter Protocol also includes Vaults for over-collateralized minting of IST against assets like ATOM or stATOM, and Parity Stability Modules which enable swaps between IST and other stable tokens at a set ratio.
BLD is the native token of the Agoric chain, a foundational asset to the network that enables staking, voting, and governance activity within the Agoric ecosystem. It is supported across various platforms, including self-custody wallets, institutional custodians, decentralized exchanges, and centralized exchanges.
IST is an over-collateralized, risk-managed stable token designed for broad use across the Cosmos and interchain ecosystems. Its primary aim is to maintain parity with the US dollar, ensuring accessibility and stability in a volatile market.
This dual-token economy makes Agoric one of the few chains where users can participate in both the growth of the stable token and the smart contract ecosystem at the same time.
BLD and Staking on Agoric
Staking is a fundamental part of proof of stake consensus mechanisms. On Agoric, staking BLD contributes to securing the network and validating transactions. Stakers are rewarded through BLD issuance and can participate in on-chain governance to help shape the future of Agoric.
Set up a Wallet
Set up a wallet that accepts BLD and supports staking. Follow our guides in how to transfer your BLD into your wallet of choice.
Stake and Delegate
Staking is handled through your wallet’s user interface, so specific steps will vary by provider. From your wallet web or mobile app, select the Staking option for your BLD and the amount you want to stake. You’ll then select a validator to delegate your BLD stake to.
Monitor your Stake and Vote
Once your stake has been deposited, you can add to your stake, withdraw BLD, and claim rewards through your wallet provider. You can also vote through the wallet UI during the voting period of governance proposals.
IST Across the Interchain
IST is not just another stable token; it is intricately woven into the fabric of the Agoric economy. As the native fee token for the Agoric chain, IST plays a critical role in facilitating transactions and network operations. Its integration into the Agoric ecosystem enhances the platform's functionality and appeal to a broader range of users and developers.
IST stands out for its broad availability to all chains within the growing Cosmos and IBC ecosystems. This universal accessibility positions IST as a key facilitator of interchain interactions and transactions, furthering the vision of a connected and interoperable blockchain environment.
Learn more about using IST on the Inter Protocol website.
Getting Started with Agoric
Stop by the monthly Community Calls, Developer Office Hours, or Community Office Hours to hear from OpCo and the teams building on Agoric.
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