Year in Review: Spotlighting Cobo Argus Moments in 2023
Let's revisit the standout moments of our journey.
2023 was a year filled with ups and downs, but for Cobo Argus, it was a year of building , learning and growth. As a result, 2023 was a year marked by a multitude of significant milestones, achievements, and noteworthy events. This included the successful launch of new features and iterations, transitioning from v1 to v2, the implementation of multiple key features, and the growth of Argus, which can be visualized through charts and numbers.
We truly believe that spreading crypto knowledge is the key to unlocking mass adoption. Over the past year, Cobo Argus has actively participated in and organized numerous educational activities, covering everything from the fundamentals to the hands-on implementation of DeFi. By doing so, we've laid a strong groundwork to foster widespread adoption within the exciting world of cryptocurrency.
As we embark on the journey into 2024, we've decided to bid farewell to the bygone year with a heartfelt review of our triumphs and milestones. It's a time for us to wrap up the achievements of the past, while eagerly looking ahead to the exciting product planning and aspirations that lie ahead in the upcoming year of 2024.
Breakthrough in Numbers for 2023
Highlighting Cobo Argus's growth in numbers:
☴Total TVL grew by an impressive 876% from 2023 to 2024, soaring from $24.4M to a whooping $238M.
☴Among them, the TVL for single-sign authorization using Cobo Argus is $220M.By designating less risky on-chain operations as single signatures and delegating them to a specific team role, the team's work efficiency can be enhanced while ensuring the safety of the principal.
☴A total of 212 bots have been created. Cobo Argus bots serve as your 24/7 vigilant DeFi guardian, protecting you from unforeseen dangers in the dynamic world of DeFi.
☴The total number of Cobo Argus users is 1375, representing the cumulative count of addresses that have utilized Cobo Argus across v1, v2, and Safe{Wallet}.
☴The top 3 protocols by trading volume that interact with Argus are Lybra, GMX, and ParaSwap.
Key Cobo Argus product updates
2023.06.21: Cobo Argus v2 was upgraded, introducing a live claiming bot that enhances efficiency and security with customizable access controls.
2023.08.10： Cobo Argus has launched a Withdrawal Bot feature. This bot monitors real-time on-chain data and automatically withdraws funds for investors based on user-defined indicators. These indicators may include sudden drops in TVL or sharp increases in LP Token ratios. The first batch of supported protocols is the Curve Finance protocol.
2023.09.27：Cobo Argus enables the import of Safe Modules into Rabby Wallet.
2023.10.31:Cobo Argus version 2.1 is released with significant updates, including UI optimizations, improved role access control, and enhanced workflow management. A notable highlight is the addition of built-in Webhook support, offering users increased flexibility in interacting with Argus bots. Users can develop their own on-chain monitoring mechanisms or utilize external monitoring service providers. By utilizing Webhook, they can seamlessly call Cobo Argus bots, expanding the monitoring capabilities beyond the standard services provided.
2023.11: Cobo Argus has added bots for multiple mainstream protocols including Lybra V2 auto-deleverage bot, Dai-USDC automated Withdrawal Bot, crvUSD-sDai pre-approved bot, claiming bot, and Equilibria LP farming bot, and integrated Cobo Custody and Cobo Argus accounts into a unified account system called Cobo Accounts.
Powering DeFi Evolution with Strategic Partnerships
2023 marked a pivotal year for Cobo Argus, as we forged impactful alliances to shape the future of fund management and trading automation. However, we haven't embarked on this mission alone. Cobo Argus actively collaborates with key partners within the crypto ecosystem to construct a robust infrastructure that will power the evolution of DeFi.
Partnership Highlights:
Safe Integration: Cobo Argus integrates into Safe ecosystem for a decentralized smart contract-based custody built on Safe Smart Accounts.
Support of leverage bots for Lybra Finance: with the introduction of intelligent DeFi bots for streamlined eUSD and peUSD management, we empower Lybra users with secure vault automation strategies to mitigate liquidation risks.
Pre-authorized deposits with EigenLayer: New customized bots for EigenLayer LPs to make pre-approved deposits when new pools open - no more manual tracking or last minute approval.
Chainlink Price Feeds Integration: We have successfully integrated the Chainlink Price Feeds service, enabling us to establish a secure and automated DeFi strategy. The initial integration encompasses the following key trading pairs: DAI/USD, FRAX/USD, USDC/USD, USDT/USD, and WBTC/BTC.
Cobo Argus and BlockSec collaborate to develop advanced DeFi security frontrun bots, safeguarding institutional investors' funds securely. This partnership combines Cobo's innovative DeFi investment automation, built on a smart contract-based access control framework, with BlockSec's industry-leading attack detection technologies.
Cobo Argus and Phalcon launch a joint solution for LPs to execute an "auto-withdrawal strategy" before protocol pauses and pool freezes. By integrating Phalcon's attack monitoring and automated interception systems with Cobo Argus' on-chain access control, potential liquidity pool freezes are identified, triggering prompt fund withdrawals even before DeFi protocol pauses are executed.
The integration with ParaSwap: it enables our users to perform swaps at the best market rates across all DEXes.
These endeavors reflect Cobo Argus's commitment to advancing DeFi, offering practical solutions for simplified and fortified on-chain asset management.
Cobo Argus community events
During the bear market, we seize opportunities to develop products and broaden our knowledge base. In 2023, we organized a diverse array of online educational and ELI5 (Explain Like I'm 5) events. These included introducing Cobo Argus and discussing the principles and future of AA Wallet. We also shared best practices for DeFi farming security. Furthermore, in collaboration with NEO, we co-organized the roundtable discussion at "Singapore DeFi Day," which took place as part of the prestigious crypto event "TOKEN2049" in Asia. These discussions centered around the revenue opportunities and challenges within the DeFi ecosystem. Topics explored included basic returns and excess returns, risks encountered in various fields, as well as emerging and exciting trends.
Here is a chronological list of events in which Cobo Argus has participated and hosted:
June 27, 2023:Cobo Argus VP Alex and Cobo Argus Product Director Luke presented Cobo Argus in Benmo DeFi open class, providing a detailed usage guide that highlighted DeFi farming use cases.
August 7, 2023: Cobo Argus Product Director Luke appeared as a guest speaker at ShenChao twitter space to discuss AA wallets.
August 11, 2023: Cobo Argus Product Director Luke participated as a mentor in Moledao's open class series during DeFi Week. He shared best practices for security in DeFi farming.
September 11, 2023: Cobo and NEO joined forces to host "Singapore DeFi Day." The event centered around the topic of "In the Bear Market, What Are the Revenue Opportunities and Challenges of DeFi?" A roundtable discussion was conducted, resulting in engaging conversations and dialogues regarding the revenue opportunities and challenges within the DeFi sector.
2024 Cobo Argus Roadmap
Stepping into 2024, standing at the forefront of the disruptive blockchain and cryptocurrency landscape, Cobo Argus holds an optimistic outlook and a clear vision for the future. The product roadmap for Cobo Argus in 2024 encompasses the following key aspects:
In November 2023, Cobo Argus expanded support to include Base, Mantle, and Gnosis Chain, totaling 9 supported chains alongside ETH, BSC, Polygon, AVAX, Arbitrum, and Optimism. Looking ahead to 2024, we plan to connect with even more public chains, allowing Cobo Argus LP to provide liquidity more conveniently across new chains.
By linking Cobo Custody and Cobo Argus accounts, we not only cater to the gas fee-saving needs of high-frequency quantitative institutional users. Additionally, clients can now enjoy a unified account system for seamless sign-up and login across various Cobo products, including Cobo Custody and Cobo Argus. This integration not only enhances convenience but also significantly reduces the barriers for institutional users to enter the DeFi space .
In 2024, Cobo Argus will launch a bot application development platform and Bot Marketplace, enabling institutions and developers to create and sell their own robots, generating fees from their creations.
Though Account Abstraction (AA) adoption isn't widespread yet, Cobo Argus strongly believes in its crypto potential and its crucial role in driving mainstream adoption. In 2024, alongside Safe, we'll support more smart wallets and remain committed to the ultimate goal of AA — onboarding billions into the crypto world.
In 2024, Cobo Argus will make rapid integrations with new protocols, ensuring the safety of institutional users through a whitelist mechanism for secure liquidity farming options.
More big things, stay tuned!
About Cobo Argus
Cobo Argus is an institutional-grade on-chain digital asset management solution. Built on top of Safe{Wallet} (previously Gnosis Safe), Cobo Argus provides unparalleled security, workflow efficiency, and risk management for interacting with DeFi protocols. Cobo Argus offers a comprehensive suite of powerful features including multi-signature security, on-chain role-based access controls, granular permissions at function and parameter levels, advanced DeFi bots, single-signature authorizations, automated risk monitoring, and more. Cobo Argus supports all open-source DeFi protocols on compatible blockchains.
Website: https://www.cobo.com/argus
Twitter: @Cobo_Global
Telegram Channel: Cobo’s Narratives
Disclaimer: All information provided by Cobo Argus on or via this publication is for information purposes only and is not, and does not constitute or intend to constitute, investment advice or any investment service. The information provided comes from the best sources, however Cobo Argus cannot be held responsible for any errors or omissions that may emerge. Readers and recipients are requested to consult with professional legal, tax, accounting, investment advisors before making any material decisions.