- Step 1Stake CRO
- Step 2Receive bCRO
- Step 3Use bCRO acrossour DeFi Partners
When you liquid stake CRO on Argo, you will receive bCRO based on the current exchange rate. bCRO is a yield-bearing asset that accrues all your CRO staking rewards. Additionally, bCRO can be used like regular CRO to earn yield farming rewards across our DeFi partners on Cronos. Note that there are no lock-ups or minimum deposits when staking with Argo
When using Argo, you will be earning CRO staking rewards in real-time, while participating in the securing of Crypto.org Chain.
Liquid staking on Argo is an alternative to traditional staking with a validator. It allows you to stake your CRO on Argo and receive bonded CRO (“bCRO”). bCRO that you receive represents your staked CRO and acts as a receipt, allowing you to exchange them later on for your staked CRO and the earned rewards. You can use bCRO to earn yield farming rewards across our partners.
When using Argo, users receive secure staking rewards in real-time, allowing for participation in the securing of crypto.org chain without the associated risks and downside potential.
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. Find out more about bCRO in the following section.
Check out our DeFi page for all current use cases of bCRO
You can also visit our DeFi Vaults to stake bCRO-CRO LP for boosted APR via Argonauts Staking
Argo has placed upmost emphasis on security. Any feature that is on Argo Mainnet has gone through extensive testing and is fully audited. We also have performed extensive assessments of our validator partners to minimize slashing risks to the protocol.
Typically when staking CRO, you use a single validator. With Argo, your stake is distributed across top quality validators to reduce overall risk
By using liquid staking, you gain 3 main benefits:
Capital Efficiency - Earn both staking rewards (~12% APY) and yield farming rewards on top of it
Instant Liquidity - Instantly swap back to CRO if you want to on our DEX partners
Reduced Slashing Risk - we diversify your stake across multiple high quality validators, reducing your slashing risk
We do not charge any deposit fees.
There is a 10% commission on staking rewards and a 0.3% withdrawal fee. 50% of the fees will be distributed to all xARGO stakers.
- Unstake amount desired amount of CRO from Crypto.com App or Defi Wallet
- Wait the required number of days for CRO to be unlocked
- Send CRO to your Metamask/DeFi wallet on Cronos
- Stake CRO via Argo Protocol