AGM aquariums and elliptic curves over arbitrary finite fields

In this paper, we define a version of the arithmetic-geometric mean (AGM) function for arbitrary finite fields $\mathbb{F}_q$, and study the resulting AGM graph with points $(a,b) \in \mathbb{F}_q \times \mathbb{F}_q$ and directed edges between points $(a,b)$, $(\frac{a+b}{2},\sqrt{ab})$ and $(a,b)$, $(\frac{a+b}{2},-\sqrt{ab})$. The points in this graph are naturally associated to elliptic curves over $\mathbb{F}_q$ in Legendre normal form, with the AGM function defining a 2-isogeny between the associated curves. We use this correspondence to prove several results on the structure, size, and multiplicity of the connected components in the AGM graph.
Comment: 28 pages, comments welcome