Argano — a decentralized protocol and yield aggregator, built and maintained on the Polygon network. The developers strive to create an ecosystem that will allow more users to engage in profitable farming effortlessly.
Operation of the Argano exchange
Argano will include a DEX with minimal slippage and token stability tools. In addition to the DEX, you will be able to use a handy all-in-one portfolio manager to track your trading activities, grow crops easily, track asset prices, and more.
In order to add arbitrage opportunities and attract more liquidity to the Argano DEX, the first thing that is done - the launch of synthetic and algorithmic stablecoins AGOBTC and AGOUSD. Tokens will be pegged to BTC and USD, respectively: prices will be regulated by algorithms, exactly copying the price movement.
Other features:
| 1. | In Argano, users will have the option to stake their stable AGOBTC or AGOUSD into high yield pools to earn AGO, Argano's native DAO token, as a reward. |
| 2. | This way, instead of holding BTC or USD, your savings will work in your favor. |
| 3. | Initially, the platform will offer three staking vaults: AGOBTC Vault, AGOUSD Vault and AGO Vault. |
With Argano, developers strive to ensure that users put every penny into the work without wasting on unnecessary fees. The Polygon network is currently the closest of all applications to implementing its new solutions, which will drastically reduce commission rates. The introduction of such a service will help more people to dive into the world of DeFi, as they will no longer need to pay hundreds of dollars per transaction.
AGO token
AGO is a native token of the Argano ecosystem and has its own utility system. First of all, the AGO token has appeared to reduce trading fees on the Argano DEX, which saves money on every interaction with the Polygon sidechain.
The AGO token will also be used to influence the future of the protocol. Only holders of AGO tokens will be able to vote by contributing to the implementation of any functions, logic or calculations.