Argo

Algorithmic Stablecoin on Metis, Pegged to $HERMES via Seigniorage.

[Argo @Argodefi]

Proud to announce we have acquired a 5% partner veNFT for Hermes.

Direct emissions to our pool by voting on it with your own locked veNFT every week. Attached is a guide on how to do so.

Cheers to @MaiaDAOMetis 🌿

[Argo @Argodefi]

Our @starstreamfin vaults are now live. ✨🌿

https://t.co/RKP3rHykxb

[Argo @Argodefi]

We are proud to announce our partnership with Hermes! Pools have been updated and you may now stake your ARGO-HERMES and TRIDENT-HERMES LP's on our website: https://t.co/xE0J6Paxfk
Their DAPP is here:
https://t.co/un7IpDUp7s
Learn more here:
https://t.co/LvbeJORLl9

[Argo @Argodefi]

Please join our discord for the latest updates, we have a migration event happening today. Thank you.

[Argo @Argodefi]

We couldn't be more excited to be building on Metis. What an incredible team, it's been a pleasure to be here. We appreciate their support, and look forward to what the future holds.🌿 #METIS #metisdao

[Metis🌿 @MetisL2]

We are VERY excited to welcome our newest official partner🌿

@Argodefi 🥳👏

Argo is a decentralized utility-based algorithmic token on Metis pegged 1:1 with TETHYS via seigniorage

The protocol’s mechanism dynamically adjusts the ARGO supply relative to the price of TETHYS🤯🧮

[Argo @Argodefi]

We've been working hard behind the scenes and can't wait to unveil what's coming next in the Argo saga. 👀

[Argo @Argodefi]

As promised, we burned 1,500 ARGO https://t.co/MwzLOY2rPR

And autocompounders are live! Enjoy.
https://t.co/mZATI0VMna

[Argo @Argodefi]

We're excited to make public our latest development: We now have an advisor on the team!

Everyone, please welcome @digitscapital of Digits DAO who will be helping with future developments and tokenomics.

Happy to have you on board.

[Argo @Argodefi]

We understand no one was able to stake the first epoch in time except the teams allocation, so we're going to burn the entire argo emissions from this epoch. We’ll post the burn tx in the morning.

[Argo @Argodefi]

A decision was made to start the Cove early as the market caps from argo and trident were deviating very quickly. In order to bring them closer together the team made an executive decision to begin Cove staking.

Continued...

[Tethys Finance @tethysfinance]

@JadeTMetis It’s always $METIS season 😙

[Argo @Argodefi]

Alright, implementing the changes to the pools as discussed a couple posts back. Pools will be: ARGO-TETHYS, TRIDENT-TETHYS 🌿

Also implementing a fix to the amount staked- it was off. Don’t be alarmed if your value goes down. It will be accurate from this point forward.

[Argo @Argodefi]

Looks like you have a little more time before the aforementioned changes start to take effect. Dev had an unexpected personal matter he must attend to and will begin as soon as he’s back home. I’ll give an updated timeline as soon as it becomes available to me.

[Argo @Argodefi]

rewards pool, until it is fully depreciated, which will be by 9pm UTC. We will also end ARGO single staking and the ARGO-TRIDENT LP rewards pools during this time, and we recommend you pull out of them before we do so. ARGO-TETHYS will remain, with some adjustments to the APR.

[Argo @Argodefi]

March 16th at around 3-5pm UTC expect a TRIDENT-TETHYS LP rewards pool to go live. At which point, we will be gradually moving rewards allocations over from the current TRIDENT-METIS LP

Continued...

[Argo @Argodefi]

Full transparency and honesty is really important to us, and we value the community above all else. So let's make this project a great success, together. We appreciate everyone's support.

[Argo @Argodefi]

Alright, I'd like to address a few things here.

1) Why did we see such volatility today?

- I'm not going to shift blame on market conditions, the community, or any other excuse, and I'd like to address this head on. Continued...

[Argo @Argodefi]

Simply put, we should not have launched with 4 TRIDENT rewards pools, as it spread out liquidity too thin, causing massive price impacts on buys and sells, and I'd like to personally take responsibility as it was I who set up the tokenomics, emissions, expansion rate, and pools.

[Argo @Argodefi]

Looking forward to the days to come, and we hope you'll stick around to see what we have in store for you. Feel free to reach out if you have any comments, questions or suggestions.

[Argo @Argodefi]

TLDR: With our new and improved 2 pool system, this will deepen our liquidity making it easier to buy and sell ARGO with less price impact and keep us above peg. Expect frequent updates from the team over the next 24-48 hours.

[Argo @Argodefi]

We are confident in the direction we are moving, and we want what's best for the long term sustainability of this project, which we think you will agree is superior than the wild volatility we experienced earlier.

[Argo @Argodefi]

3) I'd like @everyone to be made aware of the fact that we will be making changes to the TRIDENT rewards pools, a few key aspects of the protocol in the docs, as well as the roadmap. Very soon, we will be moving to a 2 pool system (for now) (ARGO-TETHYS LP and TRIDENT-TETHYS LP).