Argo
A secure, decentralized stablecoin for Aptos
All edits by Denis Petrov
Edits on 4 Oct, 2022
Denis Petrov
Edits made to:
Article (+548 characters)
Article
USDA: Argo's Stablecoin
USDA is a dollar-pegged stablecoin over-collateralized by yield-earning tokens deposited into Argo. USDA is valued at $1.00 when used for borrowing and repaying on Argo. USDA can be used like any other stablecoin.
When a user opens a vault and borrows, USDA gets minted and sent to the user's wallet. Argo then charges an interest rate on USDA debt, based on the type of yield-earning asset engine. When USDA debt is repaid, the initial loan amount of USDA is burned, and the accrued interest is paid to the protocol treasury.
Denis Petrov
Edits made to:
Infobox (+2 properties)
Argo
A secure, decentralized stablecoin for Aptos
Infobox
Is a
Cryptocurrency Symbol
USDA
Denis Petrov
Edits made to:
Infobox (+3 properties)
Infobox
Medium URL
Discord URL
Twitter URL
Denis Petrov
Edits made to:
Infobox (+3 properties)
Denis Petrov
Edits made to:
Description (+44 characters)
Argo
A secure, decentralized stablecoin for Aptos
Denis Petrov
Edits made to:
Infobox (+3 properties)
Argo
A secure, decentralized stablecoin for Aptos
Infobox
Official Website
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