Introduction to Argo
Argo is a lending protocol on Aptos that lets users collateral for minting and borrowing a dollar-pegged stablecoin USDA.
Argo unlocks liquidity for otherwise idle assets deployed in the Aptos ecosystem, and is currently live on mainnet.
How Argo Works
engine is a single type of yield-earning asset pool with its own parameters, such as USDA borrow cap, initial collateral ratio, and minimum collateral ratio. These parameters are adjusted to account for factors such as asset volatility, liquidity, and/or overall safety. An engine owns many vaults.
vault is an individual collateralized debt position owned by a user, containing their deposited yield-earning asset and USDA debt balance. Each vault is independent, and can have different amounts of debt. A user can own many vaults, each belonging to different engines.
While collateral is in a vault, it will continue to earn yield (i.e liquidity mining rewards). Furthermore, USDA can be minted and borrowed from the vault.
With USDA in hand, a wide variety of opportunities are unlocked.
The Argo core team is composed of developers with many years of software engineering experience in the crypto industry. Learning move (the smart contract language of Aptos) has been fun and we are confident our experience will translate into Aptos. We previously worked at big tech companies before transitioning to DeFi full-time.
To get in touch, shoot us an email: [email protected]