Argo

Bringing $USDA, a decentralized stablecoin, to Aptos.

App:

[Argo @ArgoUSD]

(1/5) We're thrilled to share that Argo is live on mainnet!

Head to https://t.co/v3pkrQpJcN to start borrowing $USDA against your deposits.

Learn more 👇

https://t.co/27mTmvadQm

[Argo @ArgoUSD]

@rise_wallet has now been added to the Argo wallet adapter!

[Argo @ArgoUSD]

(4/4) Automatic routing can be done through @hippolabs__ aggregator (https://t.co/ULJVZCGmWa), but note that Liquidswap (stable) is not included in price calculations, due to higher gas costs.

[Argo @ArgoUSD]

(1/4) Collateral ratios on Argo have been updated for the following engines:

- tAPT : 300%
- stAPT : 300%
- APT : 250%

This enables higher leverage and more borrowing for less collateral!

[Argo @ArgoUSD]

(3/4) Liquidity for USDA pairs is available at:

- @PancakeSwap: APT
- @AuxExchange: APT, whUSDC
- @PontemNetwork Liquidswap (Uncorrelated): APT, tAPT, stAPT
- @PontemNetwork Liquidswap (Stable): whUSDC, zUSDC

[Argo @ArgoUSD]

(4/4) As this is a leverage feature, it has some risks. Some of these are outlined in the Medium announcement - please check that out before using Multiply!

[Argo @ArgoUSD]

(1/4) Introducing Argo Multiply: a one-click feature to increase exposure to an asset.

https://t.co/u6xLcQBiRF

[Argo @ArgoUSD]

(3/4) The vault then automatically borrows USDA, swaps through @hippolabs__ aggregator into the underlying asset (APT in this example), and re-deposits it into the vault.

[Argo @ArgoUSD]

@Nafets87253235 @Aptos_Network This isn't Luna, it's more like MakerDAO! Luna/Terra used a seigniorage mechanism, not over-collateralization. Please check out our docs here for more info: https://t.co/0QrozmQYos

[Argo @ArgoUSD]

@HamsiDurden @Aptos_Network This isn't Luna, it's more like MakerDAO! Luna/Terra used a seigniorage mechanism, not over-collateralization. Please check out our docs here for more info: https://t.co/0QrozmQYos

[Aptos @Aptos]

🔹Aptos Ecosystem Highlight: DeFi🔹

@ArgoUSD is a lending protocol on Aptos, allowing users to deposit assets like $APT as collateral to borrow a fully-backed, dollar-pegged stablecoin $USDA!

Check them out: https://t.co/JaaeGabCli

[Argo @ArgoUSD]

(3/3) We are working to open source a liquidation bot within the coming weeks.

[Argo @ArgoUSD]

(1/3) Despite APT taking a 50%+ price drawdown this past weekend, USDA is remaining resilient and liquidations took place as expected.

[Argo @ArgoUSD]

(2/3) Currently, all vaults are above the maintenance collateral ratio and USDA remains well over-collateralized (>1500%).

[Argo @ArgoUSD]

After monitoring on-chain liquidity this past week, @TortugaFinance's tAPT USDA borrow limits have been raised.

[Laminar Markets l Acquired by Econia Labs @LaminarMarkets]

1/ The Laminar Team is extremely happy to announce our first official Mainnet iteration, in collaboration with our partners over at @PontemNetwork.

Start providing liquidity here: https://t.co/wNWR4UwaiC

What this means 🧵⬇️

[Argo @ArgoUSD]

@AriesMarkets Congrats!

[Laminar Markets l Acquired by Econia Labs @LaminarMarkets]

Mainnet wen? Mainnet soon.
Our Rust and Typescript SDKs are now live, check them out!✨

Rust SDK: https://t.co/SBK8WKBNhx

Typescript SDK: https://t.co/sZN9VIOpW1

[Argo @ArgoUSD]

@osec_io 🫡🫡🫡