The easiest way for you to stake CRO on Cronos and maximize the efficiency of your staked assets through liquid staking
Argo Website: https://www.argofinance.money/ Argo is the premier liquid staking protocol built on top of the Cronos blockchain that aims to unlock the value of all staked CRO and maximize the capital efficiency of CRO across the Crypto.com ecosystem.
CRO staking has been a very attractive and low-risk way of earning yields on top of your CRO holdings, offering users 10-12% APY on staked CRO. However, staked CRO are essentially locked up and inaccessible to stakers. Stakers who wish to unstake their CRO will have to wait for a 28-days unbonding period before their CRO becomes accessible again.
CRO liquid staking, on the other hand, improves capital efficiency without compromising network security. This is made possible through the issuance of bonded CRO ("bCRO") which is a liquid staking derivative that represents your staked CRO and can be utilized across the DeFi ecosystem in Cronos to generate additional DeFi yields.
Argo's Vision & North Stars
- 1.Unlock the value of staked CRO to be utilized across the Cronos ecosystem and drive CRO capital efficiency
- 2.Increase the ease of managing CRO capital efficiency and making it seamless and frictionless for users to maximize their CRO yields
- 3.Serve as the underlying liquidity layer for CRO and bonded CRO ("bCRO") across the Cronos ecosystem
At our core, Argo offers CRO Liquid Staking
Argo is the premiere liquid staking protocol built on top of the Cronos blockchain. You can easily stake your CRO on Argo in a single click and receive bonded CRO tokens (“bCRO”) in return.
bCRO can be subsequently used across decentralized finance (DeFi) applications across Cronos and accrue additional DeFi yields on top of CRO staking yields, essentially double-dipping and improving your capital efficiency.
You can withdraw your CRO anytime by unstaking and waiting for the unlock period. Alternatively, you can directly swap bCRO back to CRO on the secondary market.