Argo

(1/5) We're thrilled to share that Argo is live on mainnet! Head to argo.fi to start borrowing $USDA against your deposits. Learn more 👇 @argo_fi/argo-mainnet-launch-50fb859d8719" target="_blank" rel="nofollow noopener">medium.com/@argo_fi/argo-…

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

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

(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

(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!

(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!

(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.

(1/4) Introducing Argo Multiply: a one-click feature to increase exposure to an asset. @argo_fi/argos-new-feature-multiply-e24108ad025f" target="_blank" rel="nofollow noopener">medium.com/@argo_fi/argos…

@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: docs.argo.fi

@Aptos_Network @ArgoUSD Wow another Luna. When do you learn form past? Stable backed by aptos 🙄 one move down a this shit will go spiral same like Luna. When you learn??? $APT out of my list.👋

🔹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: argo.fi

@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: docs.argo.fi

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

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

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

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

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: pools.laminar.markets/#/add-liquidity What this means 🧵⬇️

@AriesMarkets Congrats!

Today is the day, Aries Markets Mainnet is here! 🔥 As the first borrowing and lending protocol on Aptos, we are thrilled to announce that Aries Markets is moving towards our next milestone 🥳 Access it here: ariesmarkets.xyz Read more below👇 link.medium.com/cSrptG1srub

Mainnet wen? Mainnet soon. Our Rust and Typescript SDKs are now live, check them out!✨ Rust SDK: github.com/laminar-market… Typescript SDK: github.com/laminar-market…