FAQ
What is Argo Finance?
Argo is the easiest way for you to stake CRO on Cronos and maximize the efficiency of your staked assets through liquid staking.
You can find out more on our introduction page:
ArgoWhat is Liquid Staking?
Liquid staking allows holders of tokens to stake their assets while having a derivative or liquid representation of that asset that they can use in other dApps.
You can find out more in detail here:
Liquid StakingWhat are the benefits of Liquid Staking?
By using liquid staking, you gain 3 main benefits:
Capital efficiency
Instant liquidity
Reduced slashing risk
You can read more about it here:
Liquid StakingIs there any minimum stake requirement or term for CRO Staking?
No there is no minimum stake requirement or minimum term
What is the APY for staking with Argo?
APY by staking with Argo will be similar to staking with a normal crypto.org validator: 10-12% APY, less 10% protocol commissions.
However, we provide the benefit of having a liquid staking token that can be used in other dApps across the Cronos ecosystem to earn even more APY.
What is bCRO?
bCRO is a liquid, tokenized representation of the staker’s staked CRO. bCRO enables stakers to gain liquidity over their staked CRO and enables the locked value of the staked CRO to be utilized across decentralized finance applications across Cronos.
You can read more here:
bCRO TokenWhere can I use my bCRO?
The team is always working on partnering with new protocols to create a healthy ecosystem for bCRO tokens.
As of now, you'll be able to find current partners and utility here:
bCRO DeFi Use CasesWhy should I stake with Argo?
In addition to the already mentioned benefits, our team consists of DeFi natives and BUIDLers who are here for the long run to contribute to the growth of Cronos and the overall DeFi ecosystem.
We are designed in a way that when you our community wins, we win as well. Our interests are your best interests.
How to Stake CRO?
You may refer to the guide we have written here:
Staking CRO on ArgoHow to Unstake CRO?
You may refer to the guide we have written here:
Unstaking CRO on ArgoHow long does it take to stake and unstake CRO?
Staking of CRO is an instant process. However, unstaking comes with 2 methods
Swapping bCRO for CRO on a DEX
Unstaking via Croasis
The first method is instant, but you'll be paying LP fees as well as slippage. The second method charges a small fee and takes 28 days.
How do I claim my staking rewards?
Staking rewards are accrued directly into the value of bCRO, which can be observed by the increase in bCRO:CRO exchange rate.
You can read more about it here:
bCRO TokenWhy does 1 bCRO = 1 CRO?
Argo can only mint bCRO when you stake CRO with us, and burn bCRO only when you unstake CRO. As a result, any bCRO in circulation is always backed minimally by 1 CRO, in addition to the staking rewards accrued to the contract over time.
You can read more about it here:
bCRO TokenWhat fees does Argo charge?
At the time of writing, Argo charges 3 types of fees
Fees from utilising the delayed unstaking function
Validator rewards commissions
Vault fees
More details can be found here:
Protocol FeesIs Argo Finance audited? Are my CRO funds safe?
Argo is currently being audited and we will release more details once everything has been confirmed.
We're constantly improving the safety of our code and are planning several other audits to reinforce our protocol's security.
Any IDO? Token Sale?
We will be looking to partner with a launchpad for a public token sale. More details to be released.
Any Airdrops?
There will be plans for airdrops, but in a more unique format that benefits both the protocol and supporters of Argo. More information outlined in the following section:
Treasure Chests (Airdrops)I am currently staking on Crypto.org and want to stake on Argo, what should i do?
Unstake your CRO from Crypto.org
Bridge CRO over to Cronos via Crypto.org bridge
Stake CRO on Argo
Detailed steps can be found here:
Redelegating CRO to ArgoI am currently staking on Crypto.com App Earn and want to stake on Argo, what should i do?
Unstake your CRO from Crypto.com App Earn
Send CRO to Cronos via Defi Wallet or Metamask
Stake CRO on Argo
Detailed steps can be found here:
Redelegating CRO to ArgoLast updated