Cobo Argus V2: A Leap Forward in Decentralized Finance

The crypto custodian company, Cobo, has recently made headlines with its revolutionary Argus V2 protocol.

Significant Milestone for Cobo Argus

Crypto custodian company, Cobo, has hit a milestone with their Argus protocol. In just a week after its launch, the value of funds locked on Argus exceeded $100 million, according to Discus Fish, CEO of Cobo. The Argus protocol enables major players like banks, asset managers, and crypto funds to securely store their crypto tokens and participate in decentralized finance (DeFi) activities.

Argus Version 2 Launch

Cobo unveiled Argus V2 at the end of June, offering users a variety of features, including DeFi strategy authorization and risk management. Built on a decentralized crypto wallet known as Safe, V2 supports all open-source DeFi protocols. It also allows traders to use DeFi bots for earning farming rewards and managing token swapping.

Introducing Cobo Argus V2! 🚀

Argus V2 is meticulously designed for DeFi teams to bring enhanced efficiency and security with customisable access controls, risk management tools and DeFi bots.

Unleash your DeFi potential today 👇https://t.co/cyZzpNi8Qg#DeFi #cryptocustody pic.twitter.com/n7eNrRliOV

— Cobo (@Cobo_Global) June 21, 2023

The Benefits of Cobo Argus V2

Cobo Argus V2, an on-chain digital asset management tool, aims to boost workflow efficiency and enable seamless DeFi access for organizations. It’s a significant improvement from its predecessor, V1, offering enhanced flexibility in role delegation, reduced gas consumption, and clearer multi-signature messages.

Empowering DeFi Teams

Argus V2 is designed to lower the barriers to DeFi adoption and allow more teams to confidently engage with DeFi protocols. It introduces an expanded array of DeFi bots, each with unique functionalities. Users can customize these bots according to their investment preferences. Exciting features, such as auto-withdrawal and auto-deleveraging, are on the way.

Cobo Argus V2 also makes onboarding easier, allowing users to connect wallet addresses and import multiple Safes simultaneously. The aim is to promote greater DeFi adoption and unlock DeFi’s full potential.

Institutional customer funds locked on crypto custodian @Cobo_Global Argus protocol crossed $100 million within a week of its release. By @shauryamalwahttps://t.co/AkvAeq2Bw8

— CoinDesk (@CoinDesk) July 5, 2023

About Cobo

As a trusted global leader in digital asset custody solutions, Cobo offers an array of services ranging from full custody to advanced DeFi investment tools. With billions in assets under custody, Cobo aims to make digital asset management safer and more efficient, encouraging more participants to enter the world of DeFi.

Summary

Cobo’s Argus V2 protocol has marked a significant milestone in the world of decentralized finance, amassing over $100 million within a week of its launch. By offering a plethora of enhanced features, including a multitude of DeFi bots and a streamlined onboarding process, Argus V2 has the potential to revolutionize the way organizations and teams interact with DeFi protocols. As it continues to grow, it promises a future of safer and more efficient digital asset management.