What is
The set of main principles that should be followed in the Ergo protocol, defining its core values and guiding philosophy.
The set of main principles that should be followed in the Ergo protocol, defining its core values and guiding philosophy.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from a current exchange or verified venue, then make a small test transaction. After that, explore NFTs, mining, DeFi references, or the developer stack if you're a builder.
Providing liquidity on Ergo depends on the current active DEX or AMM venue. In general, you deposit equal value of two assets into a pool, receive LP tokens representing your share, and earn a portion of trading fees. Spectrum Finance is historical/frozen since February 2024, so verify the active venue, contracts, liquidity depth, and withdrawal process before depositing funds.
Building DeFi on Ergo starts with understanding the eUTXO model and ErgoScript. Unlike account-based chains, Ergo's box model provides deterministic execution, strong MEV-resistance, and predictable fee construction. Use Oracle Pools for price feeds, and study existing patterns from Spectrum Finance and SigmaUSD.
Ergo offers structural advantages for DeFi: MEV resistance by design, deterministic gas costs, and no protocol-level reentrancy by construction due to eUTXO. Ethereum has larger ecosystem and liquidity. Choose Ergo for security-critical applications, fair trading, and predictable costs. Choose Ethereum for maximum composability with existing protocols.