Saturday, June 10, 2023

Argo— Liquid-Staking in a Click


Argo is a liquid staking technology built on the Cronos blockchain that promises to maximize the capital efficiency of staked CRO across the ecosystem.

CRO staking is a low-risk approach to generate dividends on your CRO holdings, delivering 10-12 percent APY on staked CRO. Staked CROs are inaccessible to speculators. Stakers who want to unbind their CRO must wait 28 days.

Argo’s CRO liquid staking improves capital efficiency and network security. bCRO is a liquid staking derivative that reflects your staked CRO. It may be used across the DeFi ecosystem in Cronos to create extra DeFi rewards.

Argo Offers Two Main Services

CRO Liquid Staking

First, Argo offers CRO Liquid Staking. Argo is the best staking protocol for liquid assets. It builds on top of the Cronos blockchain. You can easily stake your CRO on Argo and get bond of CRO tokens (“bCRO”) in return with just one click. bCRO can then be used in decentralized finance (DeFi) applications across Cronos to earn more DeFi yields on CRO staking yields. Indeed, it is like getting payment twice for the same investment, making your capital use more efficient.

One of the benefits of Argo Liquid Staking is its simplicity. Argo makes it easy for users to bet CRO on Cronos by letting them liquid stake with just one click. Cronos does not have any CRO staking options right now. Argo makes it not only possible to bet CRO on Cronos but also relatively easy and smooth.

When users have a fully liquidated derivative token (bCRO), they can use their staked assets in other DeFi applications. Users also no longer must choose between locking up CRO by betting it or using that asset’s value as liquidity on decentralized exchanges or as collateral on lending platforms. You can now earn both stake yields and DeFi yields.

Argo DeFi Vaults

Second, Argo DeFi Vaults is Cronos’s first one-click yield optimizer for single-sided staking CRO. It lets users earn a higher APR than just staking their CRO. Also, the liquid staking module of Argo allows users to make CRO staking yields on Cronos and gives them the chance to earn DeFi staking yields on top of that.

Users who staked their CRO on Argo can use the DeFi Vaults to run strategies to get the most out of the CRO they risked.

Furthermore, Cronos ecosystem TVL and protocols are expanding exponentially. They want bCRO to be Cronos’s fundamental asset, and its users benefit from these returns and CRO staking benefits. Its vaults solve this problem by giving users access to different DeFi strategies that use liquid staking bCRO with just one click.

$ARGO – ARGO’s Native Token

The $ARGO token is the Argo token. It means getting a share of the money our protocol makes, so its value should go up and down with Argo’s TVL.

The design principles of the $ARGO token have five principles. First, it gives governance tokens a clear purpose and a way to get them back. Also, the price of the governance token is stable and it goes up.

It further encourages the deposit of LPs to fit the needs of the ecosystem. Next, it fosters the steady growth of protocol wealth. Finally, it balances incentives for long-term holders and mercenary capital.

After the $ARGO token launch on April 28, Argo Finance will add liquid staking to Cronos. Its ARGO/xARGO governance and Liquid Staking features are fully ready and working. The team could even start on the day of the IGO. But it takes security very seriously and is waiting for its smart contract audit, which is happening right now, to finish before going live and launching on mainnet.

ARGO has a total supply of 1,000,000,000 $ARGO.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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