Akropolis Weekly Updates
11 Jun 2021 | 17:56 pm
Akropolis has added the ability to swap vested ADEL reward swaps to vARKO. The community proposal AIP-011 regarding AKRO tokenomics is still on the governance discussion board. We continue to work on new vault strategies in house and hope to bring in new strategy makers. We are working on moving away from rewards distributions to users claiming them instead.
Akropolis – Ethereum-based DeFi protocol review
11 Jun 2021 | 10:23 am
Akropolis (AKRO) is a digital asset designed and built on the Akropolis.io network to supply users with the necessary tools to save, grow, and scale. The project’s vision is to build an alternative to informal financial institutions such as ROSCAs, mutuals, guilds, co-ops, etc. The Akropolis DeFi token eradicates dependence on geographical locations, middlemen, and central counterparties.
AKROPOLIS WEEKLY UPDATES
28 May 2021 | 16:28 pm
Akropolis is almost ready to release ADEL reward swaps to vARKO. We are working on moving away from rewards distributions to users claiming them instead, thus removing the distribution threshold. We will be integrating yearn affiliate tokens for revenue-sharing between our protocols. We continue to work on new vault strategies and hope to bring in new strategy makers.
Yearn Finance Ecosystem Breakdown –– Pushing the Boundaries of Human Coordination
The Defiant - DeFi News
20 May 2021 | 21:58 pm
While Yearn's mergers were well publicized, the nature of the integrations were less so, so we dug into how the teams work together, on both a technical and social level.
AKROPOLIS WEEKLY UPDATES
07 May 2021 | 15:24 pm
Akropolis has finished coding the ability to swap vested ADEL rewards to vAKRO. We are working on moving away from rewards distributions to users claiming them instead, thus removing the distribution threshold. We will be integrating yearn affiliate tokens for revenue-sharing between our protocols. We continue to work on new vault strategies in house.
AIP-010: Thoughts on the AIP008 & 009 from the Akropolis Team
20 Apr 2021 | 13:23 pm
The Akropolis team has released a statement on the AIP008 and AIP009 proposals, which will be put up for a vote on June 15. The vote itself will be to choose between the two proposals and will last for a week. All AKRO excluded from swap will be used for LM, community grants, etc. and put into public contract.
AIP 011: New $AKRO Staking Tokenomics With Token Burns And Lock
19 Apr 2021 | 18:10 pm
The AKRO vesting mechanism aims to give stakers the right to withdraw at least 50% of their rewards at anytime during the vesting period at varying costs. It aims to raise funds for development/marketing and organically reduce the amount of tokens in circulation, which in turn would help the price of $AKRO. It also aims to create scarcity to decrease sell pressure.
AIP-008: Re-define ADEL>AKRO swap ratio
08 Apr 2021 | 16:51 pm
Akropolis has proposed to change the ADEL-AKROOT swap ratio from 1:15 to 1:3.1 in order to match the target dollar value of swapped ADEL to AKRO. The new swap rate roughly corresponds to $2.5mn in AKRO using March TWAP price (0.054654). The amount of AKRO for ADEL holders will be re-allocated to incentivize growth of the ecosystem.
The Ethereum Gas Report - Coin Metrics
22 Mar 2021 | 22:31 pm
Ethereum transaction fees have shot up to new highs in early 2021. At the peak of the 2017/2018 bull run, the average ETH transaction fee reached $5.70. The median transaction fee has been above $10 for most of the year. The growth in transaction fees has been due to the sharp increase in ETH price. But it’s also due to a large increase in gas prices caused by network congestion.
Akropolis Update: ADEL>AKRO Voluntary Swap is live
03 Mar 2021 | 12:34 pm
The ADEL-AKRO voluntary swap is now live! You can swap ADEL from your personal wallet and from staking. The amount of AKRO available for claim in exchange for vAKRO will rise in accordance with the vesting terms (1/24th from full amount each month). The swap of vesting rewards will come in the upcoming weeks.
Development Update: Akropolis — release notes, new name & more
25 Jan 2021 | 16:56 pm
Akropolis has released a new version of its VaultSavings module with the help of Consensys Diligence, Sertora, Trail of Bits and other security teams. The frontend has been updated to support Vaults integration and fixes for old bugs and rewards gas optimization. "We hope you like it and any feedback is welcome!" the developers said.
Akropolis January Update: ADEL>AKRO swap, hack compensation & more
24 Jan 2021 | 07:13 am
Akropolis is planning to swap ADEL tokens to AKRO tokens. ADEL holders will receive 50% of the hack compensation in AKRO, with the remaining 50% to be accrued from future product fees. The exchange will take place on January 6, 2021. The price of AKRO is fixed at the level just before the hack.
Akropolis AMA Recap
31 Dec 2020 | 15:01 pm
This article is meant to be a recap of the recent AMA and provides some clarification regarding the proposed ADEL/AKRO token merger. We decided to narrow down the product focus to optimise for fee generation and security. We believe that a single token with a clear value accrual model is the only meaningful way forward for all tokenholders.
PowerPool launches 'meta-governance token' for Yearn ecosystem
10 Dec 2020 | 00:00 am
PowerPool has launched YETI, an index and “meta-governance” token for the Yearn Finance ecosystem. The index is comprised of 35% YFI, 17% SUSHI, and 8% CREAM, AKRO, COVER, KP3R, CVP, and PICKLE. The token offers investors “a passive vehicle for board exposure to Yearn’s ecosystem”
Akropolis & Yearn merge
30 Nov 2020 | 12:00 pm
Yearn and Akropolis have announced that they will merge their Vault and Lending protocol solutions and become the exclusive front-of-house institutional service provider of clients. Akropolis will also offer bespoke access to Yearn's network of clients, with investment strategies tailored specifically to them. Yearn will continue to develop best-in-class Vault and lending protocol solutions, Akropolis said in a statement.
μα τον Δια! Yearn x Akropolis
30 Nov 2020 | 11:51 am
Yearn and Akropolis have merged to develop Vault and Lending protocol solutions. Akropolis will now be the front-of-house institutional service provider of these, offering bespoke access to their network of clients, with investment strategies tailored specifically to them. Yearn will continue to develop best-in-class vault and lending protocol solutions, while Akropolis becomes the front of the institutional services provider for these clients.
Open Letter To Akropolis Delphi Hacker
13 Nov 2020 | 19:03 pm
In an open letter, the Akropolis team has proposed a bug bounty of $200,000 (over ₹1 crore) as compensation for the hack of its community funds. In return, the team will offer to return the funds of our community members within 48 hours. The team has not contacted any form of law enforcement to pursue a criminal investigation into the hack.
Delphi Savings Pool Exploit
12 Nov 2020 | 23:46 pm
The Akropolis team has discovered that 2.0 million DAI had been drained out of the yCurve and sUSD stablecoin pools. The attack was a combination of a re-entrancy attack with dYdX flash loan origination. The stolen funds are currently held in this wallet. The majority of funds on Akropolis are safe.
Almost 80% of Square’s Cash App Q3 revenue was from Bitcoin
06 Nov 2020 | 00:00 am
Cash App, the Bitcoin-friendly mobile payments app from US-based financial services firm Square, has reported that Bitcoin has overtaken all other revenue sources, making up almost 80% of its entire revenue in the third quarter. Cash App's Bitcoin-derived revenue of $1.63 billion in Bitcoin marked a massive increase of over 1,100% when compared to the same period in 2019.
Delphi General Update: 4 of N, October 7
07 Oct 2020 | 20:37 pm
Delphi will start regular 1-hour community calls every second Wednesday at 1300 UTC from next week to accommodate both Asia and US time zones, led by one of our community leads Alexeth in Discord. To streamline all community communications and let the team focus on development, please note that we will start automating bi-weekly distributions after the initial backend development is completed.
Delphi General Update: 3 of N, September 23
23 Sep 2020 | 21:56 pm
Delphi has announced that it will launch governance through Snapshot tool built by the Balancer team. Snapshot will allow signalling for different proposals, and further work is done behind the scenes on the full on-chain solution using xDAI. Delphi is expected to go live once 5% of total supply is mined (which we estimated in 3-4 weeks after the launch on mainnet).
11 Sep 2020 | 17:18 pm
Akropolis has put Delphi into maintenance mode to remove any interactions with the protocol. We encountered an issue with upgrading Curve bUSD pool contracts. We will deploy a new contract for it next week alongside with new LM epoch. We are already working with NexusMutual on adding Delphi contracts to their platform.
Liquidity Mining at Akropolis: Week 3 details
09 Sep 2020 | 22:00 pm
The Akropolis team has announced that $ADEL supply is now two times less than it was earlier this week. This comes after the recent burn of ADEL supply to 30 million tokens. The team also announced a big update to LM rewards distribution given recent burn. We'll be sharing more details for the initial automated structure in the coming weeks.
$ADEL Token Burn and Emission Update
07 Sep 2020 | 13:19 pm
As of today, the total diluted value of ADEL sits at a staggering $150 million valuation with a token value of $2.40. We believe that incentivizing long term growth via sustainable community rewards will reduce any sell-side pressure on ADEL and bring high-value contributors to the ecosystem. We will be improving our token model to maximize yield for our community members.