Argo Finance
  • 🌊Introduction
    • Argo
    • Fundamentals of Staking CRO
  • 🧠Protocol Overview
    • Liquid Staking
    • Atlantis
      • Testnet
        • Getting Started Guide
        • Atlantis Testing Checklist
        • Atlantis Testing Guide
        • Atlantis Testnet Rewards
        • Reporting Bugs
        • Testnet Token Faucet
        • Wallet Setup Guide
        • FAQ
      • Atlantis Quickstart
      • How To Play
        • How to go on Planet Expeditions
        • How to go on spaceship races
        • How to upgrade planets
        • How to mint equipment
        • How to upgrade equipment
        • How to stake equipment on spaceships
        • How to unstake equipment on spaceships
        • How to fuse gemstones
        • How to convert Gold to Stardust
      • Assets
        • Planets
        • Spaceships
        • Equipment
        • Resources
          • Gold and Stardust
          • Gemstones
      • Atlantis Marketplace
      • Earning Strategies
      • FAQ
    • Atlantean Trove 2.0
      • Trove Mechanics
        • Questing Quickstart
        • Rewards Quickstart
        • Basic Team Mechanics
        • Gear Mechanics
        • Chest, Orbs, & XP Mechanics
        • Leaderboard
      • Trove Parameters
      • Gear Minting
    • DeFi Vaults & Argonauts
      • Boosting Mechanism (Argonauts)
    • Argo Petz
      • Petz Staking (Starmaps)
        • The Atlantean Trove
        • Earning Starmaps
        • Winning & Claiming Prizes
      • Petz Staking (Atlantis)
      • FAQ
      • Petz Questing
    • Argo Lottery
      • Lottery Mechanics
      • Lottery FAQ
  • ⚙️Token and Mechanics
    • Argo Token (ARGO)
      • ARGO Token Distribution
      • Value Accrual
      • xARGO
      • Tokenomics Roadmap: veARGO
    • Delegation Strategy
    • Protocol Fees
  • ⚙️Other Mechanics
    • Treasure Chests (Airdrops)
  • 🪙bCRO
    • bCRO Token
    • bCRO DeFi Use Cases
  • 👾Extras
    • Roadmap
    • Team
    • Contracts
    • Audits
    • FAQ
    • Community
  • 📖Guides
    • Setting up an EVM wallet for Cronos
    • Bridging to Cronos
    • Staking CRO on Argo
    • Unstaking CRO on Argo
    • Redelegating CRO to Argo
  • 🔗Links
    • Website
    • Medium
    • Twitter
    • Discord
    • Telegram
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On this page
  • Design Principles
  • Liquidity Mining Incentives
  1. Token and Mechanics

Argo Token (ARGO)

PreviousLottery FAQNextARGO Token Distribution

Last updated 3 years ago

We're building this protocol with longevity and sustainability in mind, and as the protocol grows in functionality and use, this increasing amount of fees will be shared across all ARGO stakers.

ARGO token is the native token of Argo.

ARGO is designed to capture a portion of our protocol's revenues, as such, its intrinsic value should and will scale according to Argo's TVL. Revenue will be distributed to ARGO holders according to a defined mechanism, which is detailed .

Design Principles

Our token's design is guided by 5 key principles:

  1. Provides clear utility (and a redemption mechanism) for governance tokens

  2. Stabilizes and grows the price of the governance token

  3. Incentivizes deposits of LPs effectively according to ecosystem needs

  4. Promotes sustainable growth in protocol wealth

  5. Align incentives for long-term holders Vs. mercenary capital

Liquidity Mining Incentives

Liquidity Mining is a double-edged sword that helps to bootstrap initial growth but results in attracting mercenary capital and short-term yield farmers that place extreme downward price pressure on the governance token of the protocol.

We have designed this protocol with longevity in mind and this means sustainable and organic yields. However, we do see the value of liquidity mining in attracting users onboard our platform.

Our incentives will be deployed to benefit and drive the usage of bCRO across the Cronos ecosystem. Additionally, we will focus heavily on the process of gaining protocol-owned liquidity (POL). In doing so, it ensures that in the medium to long term, we would have built up a deep treasury to protect against capital flight and at the same time create the ability to further generate revenue for the protocol - reducing the need to emit liquidity mining incentives.

The goal of a process like this is to ensure that we're not stripping our protocol of value for the sake of providing APY

⚙️
Value Accrual
here
Argo Token (ARGO)