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Argo

A secure, decentralized stablecoin for Aptos

Overview Structured Data Issues Contributors Activity

All edits

Edits on 4 Apr, 2023

"prospector:2557:2599827"

Katrina-Kay Pettitt

edited on 4 Apr, 2023

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Infobox (+1/-1 properties)

Infobox

Cryptocurrency Symbol

USDA

Ticker Symbol

USDA

Edits on 12 Feb, 2023

"Merge infobox in utils"

Golden AI

edited on 12 Feb, 2023

Edits made to:

Infobox (+1/-1 properties)

Infobox

Partner Organizations

MSafe

Edits on 23 Oct, 2022

"update inverses"

Golden AI

edited on 23 Oct, 2022

Edits made to:

Infobox (+1 properties)

Infobox

Partner Organizations

Edits on 4 Oct, 2022

Denis Petrov

edited on 4 Oct, 2022

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.

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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

edited on 4 Oct, 2022

Edits made to:

Infobox (+2 properties)