Agoric is a platform for smart contracts that uses the Tendermint Proof-of-Stake (PoS) mechanism and a native asset to secure the network. It is built on the Cosmos SDK and allows developers to create decentralized applications using JavaScript smart contracts. In addition, Agoric provides built-in building blocks for decentralized finance (DeFi), which enables it to support a second local currency for facilitating economic activity and maintaining a healthy ecosystem. Agoric chain offers a comprehensive solution for creating and operating decentralized applications with a focus on supporting DeFi.