1 year ago
Institutional lawsuit funds locked connected crypto custodian Cobo’s Argus protocol crossed $100 cardinal wrong 1 week of its release, CEO Discus Fish told CoinDesk.
The steadfast allows organization users, specified arsenic banks, plus managers, crypto funds and mining pools, to safely store token holdings and prosecute successful decentralized finance (DeFi) activities.
Cobo released the Argus mentation 2 (V2) successful precocious June, allowing users to entree features specified arsenic DeFi strategies authorization, squad relation delegation and hazard management. V2 is built connected Safe, a decentralized crypto wallet.
“We are pleased to stock that the Total Value Locked (TVL) successful Cobo Argus has reached a important milestone of US$100 million,” Fish said successful a Telegram message.
Argus V2 supports each open-source DeFi protocols and lets traders utilize DeFi bots to automatically monetize farming rewards, compounding and token swapping. Farming is simply a colloquial word for a mode to gain rewards by depositing tokens into a decentralized application (dapp).
Edited by Sheldon Reback.
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