Tokens

$ARGOS - Argos Finance Token

Argos token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Argos pegged 1:1 with $JOE in the long run.

Note that Argos actively pegs via the algorithm, it does not mean it will be valued at 1:1 $JOE at all times as it is not collateralized. Argos is not to be confused for crypto or fiat-backed stable coin.

$ASHARE - Argos Finance Share Token

ASHAREs are one of the ways to measure the value of the Argos Protocol and shareholder trust in its ability to maintain $ARGOS close to peg. During epoch expansions the protocol mints $ARGOS and distributes it proportionally to all $ASHARE holders who have staked their tokens in the Boardroom.

$ABOND - Argos Finance Bond Token

Argos Bonds (ABOND) main job is to help incentivize changes in $ARGOS supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $ARGOS falls below 1:1 $JOE, $ABONDs are issued and can be bought with $ARGOS at the current price. Exchanging $ARGOS for $ABOND burns $ARGOS tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These $ABOND can be redeemed for $ARGOS when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sales pressure for $ARGOS when it is above peg, helping to push it back toward 1 $ARGOS to 1 $JOE ratio. Contrary to early algorithmic protocols, $ABONDs do not have expiration dates. If your $ARGOS is below peg go to the bond page and buy some $ABOND. Exchange $ARGOS for $ABOND and redeem after peg is above 1.1 to receive a bonus of $ARGOS All holders are able to redeem their $ABOND for $ARGOS tokens as long as the treasury has a positive $ARGOS balance, which typically happens when the protocol is in epoch expansion periods.