APY Token Farming
Uniswap Pool*
TVL: $3,963,227.21
APY: 35.64%
Balancer Pool*
TVL: $3,177,053.60
APY: 44.44%
APY DAI/USDC/USDT Liquidity Mining*
TVL: $44,641,526.07
APY: 18.99%

*As of 9/23/21, 1:05pm EST

👾APY.Finance Weekly Update 9/19 - 9/25) 👾

📈 Progress Remaining for Alpha
Oracles & Pricing
[100% Complete] Chainlink Monitoring
[100% Complete] Oracle Emergency Systems
Platform Management
[90% Complete] Gnosis Safe
[95% Complete] Administration & Governance Tools
Security
[90% Complete] Security Audit
[100% Complete] Security Updates
User Interface
[90% Complete] UX Testing
[95% Complete] UX Updates


🌐 User Interface
It is our mission at APY.Finance to make yield farming simple and accessible. Part of this is ensuring clarity and guidance for users, so they can effectively yield farm with a complete understanding of the process, despite their level of experience. As a result, we’ve developed a “Tour Guide” system that will walk users through the entire process of yield farming on APY.Finance. Watch below as our engineer Jonathan Viray walks us through a preview of the Alpha-ready front-end build and Tour Guide.

Front-end & Tour Guide Preview

This week, our front-end team refined the tour guide’s interface. We’ve now enabled the ability for users to enter mocked values while the tour guide is active, and the platform will respond with projected calculations for how these mocked values would result. This is a pivotal step in ensuring the Tour Guide assists users new to yield farming, or the APY.Finance platform, as it walks them through the fundamentals of making their first deposit.
Further, our engineers have added various UI indicators to the Tour Guide which will help users distinguish between the standard app and Tour Guide modes, including a distinct banner, and toggle for each mode.


📂 Platform Management
The first set of governance proposals made live last week have just 1 week remaining for $APY token holders to vote.
These proposals are for initial farms that, if passed, will be added to the APY.Finance farm portfolio and will serve as options for the platform’s yield farming robo-advisor to deploy pooled capital toward. These proposals will not determine where pooled capital is initially deployed, rather serve as options for the platform. We will have more proposals for additional farms to add to the Alpha build in the coming weeks.

$APY token holders can head on over to our Snapshot page to place their votes on currently listed proposals now.
Finally, we’ve created a community governance discussion channel on Discord where community members can come together to discuss governance proposals to improve the APY platform. We encourage you to join the channel and participate in these discussions. Currently, some avenues of focus for governance discussion that would be helpful to improve the utility of the platform are ways to:

1. Reduce risk.
2. Increase yield returns.
3. Simplify the platform.
4. Increase decentralization.

Join the governance discussion channel over on Discord and stay tuned for more information about governance and proposals in the coming weeks.

🔐 Security
This week, our smart engineers have implemented autocompounding functions for AAVE and stkAAVE, in addition to the already implemented CRV autocompounding functions mentioned in last week’s update. Autocompounding allows reward tokens to be claimed and swapped into stablecoins automatically, without any manual user input. This function is critical in ensuring APY.Finance is quick and simple to use, and will drastically reduce the time individual users would need to otherwise spend claiming rewards and swapping them for appropriate stablecoins before redepositing.

Our engineers have also completed smart order liquidity routing which will optimize slippage when making large movements of capital from one pool to another.

APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
TVL: $35,296,229.78
APY: 22.34%

*As of 9/30/21, 4:32pm EST

👾APY.Finance Weekly Update (9/26 - 10/2) 👾

📈 Progress Remaining for Alpha
Oracles & Pricing
[100% Complete] Chainlink Monitoring
[100% Complete] Oracle Emergency Systems
Platform Management
[100% Complete] Gnosis Safe
[100% Complete] Administration & Governance Tools
Security
[90% Complete] Security Audit
[100% Complete] Security Updates
User Interface
[95% Complete] UX Testing
[95% Complete] UX Updates

📂 Platform Management
This week, APY.Finance has reached a significant milestone as we begin to test deployments onto mainnet and engage in smoke testing with live contracts, where we will use treasury funds as a test-source. Mainnet testing is a critical step in finalizing the Alpha build, ensuring it is secure and ready to go live once our security audit, and remaining testing, are complete.

Further, the many updates to the system made over the course of the past few months have required an entirely new deployment process. Previously, we were using a local noscript that would deploy and send transactions locally. We’ve revamped this deployment process entirely with a deployer contract, and as a result it is much more secure and more easily maintained.


🔐 Security
Our smart contract engineers have finalized safeguards and operational flows for moving funds around Zap, swap, and allocation contracts. These optimizations allow us to unwind liquidity in a specific token, and add slippage parameters to swaps which helps optimize and prevent slippage, while also protecting us against sandwich attacks. In short, these updates help keep deployed funds more secure.

Our team has also created an emergency multisig safe that controls all of the platform’s necessary and powerful emergency functions. This multisig safe is much more secure and restricted than the normal day to day safe multisig, as it is even more powerful than standard functions to deal with rarer, yet dire, emergency situations.

🌐 User Interface
This week, our front-end team has completed the Tour Guide for the platform’s portfolio page, including a new displayed metric that automatically displays projected growth values for mocked values entered in the Tour Guide mode. This gives a user an estimate for projected growth over a chosen period of time. Check out our Tour Guide preview shared in last week’s update, if you haven’t already: https://www.youtube.com/watch?v=0RCJNZPF7f0.

We hope you are as excited as we are for what's to come. 👾

👾APY.Finance Weekly Update (10/3 - 10/9) 👾

📈 Progress Remaining for Alpha
Oracles & Pricing
[100% Complete] Chainlink Monitoring
[100% Complete] Oracle Emergency Systems
Platform Management
[100% Complete] Gnosis Safe
[100% Complete] Administration & Governance Tools
Security
[100% Complete] Security Audit
[100% Complete] Security Updates
User Interface
[100% Complete] UX Testing
[100% Complete] UX Updates



🔐 Security
Alpha has reached the mainnet test phase and our team has shifted focus from development to deployment. Our smart contract engineers have spent this week deploying, testing, and securing deploys onto mainnet. Initially, we deployed live contracts using private demo pools and treasury funds to minimize the risk to user’s funds and develop the highest level of confidence on security. Below are the live contracts:


DAI Demo Pool: 0x687ef0ce82A681c13807Ae7A7518A70A147C22D8
USDC Demo Pool: 0x34A9860a7F80E37105e6cf4D1E1e596Fe6Ff9B70
Tether Demo Pool: 0x26b8E441d7c0d0cc8b43Ad89e57e37613163e0CE

MetaPoolToken (mAPT): 0xC3B6adEDec76f81eFe70dA6F5834C6D55C37c681
LP Account: 0x026544DACFAfC3422A0219cb6Be03ecB5D99a771

Chainlink Registry: 0x0b05713c9fc912ADb3a4e342D160D3Da7F4E938e
ERC20 Registry: 0x7b4fB7eBfBc3976255c458790797b534FFA7eF7d
Oracle Adapter: 0xb8DaCBb5E038E5e033DBBb090d535c763C54EC05

Address Registry: 0x7EC81B7035e91f8435BdEb2787DCBd51116Ad303

🗳 Governance
We’ve been keeping an eye on the Governance discussion Discord channel and evaluating various ideas and feedback the community has conceptualized. Some ideas we’ve gathered that we believe would benefit the project are:

- Deploy rewards on Uniswap V3
- Adjust emissions to increase voting power and token utility
- $APY staking and forming an insurance pool to protect against possible losses and increase token utility

We encourage the community to head over to the Governance discussion Discord channel (https://discord.gg/uQxESfTk45) to continue the discussion and ideate on new proposals that improve the platform by reducing risk, increasing yield returns, and increasing decentralization and compliance. We’re making strides as a community towards achieving these goals through governance, our primary tool for driving change and innovation.

🌐 User Interface
This week, our front-end team has updated mobile support and increased responsiveness across mobile devices in an effort to make APY.Finance accessible regardless of a user’s chosen platform. This included media queries and other CSS modifications to ensure both viewport and cross-browser compatibility of the Page Tour and Notification systems.


APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
TVL: $58,794,748
APY: 12.49%
*As of 1:00 PM EST 10/14/2021

We've created a more formalized forum where the community can continue discussion on governance proposals in a more standardized manner. We believe this approach, where users will easily be able to view and learn from past discussions, will create much more focused and impactful conversations for potential proposals that will benefit the platform long-term.

The first forum thread for discussion we've posted is for a potential proposal ideated by the community to switch rewards from UNI V2 and Bal to UNI V3. We encourage the community to join the discussion and share their thoughts on the forum, even if you've previously shared in any of our social channels; this forum will be the center of governance discussions going forward.

Join the proposal discussion here: https://apy.trydiscourse.com/t/switching-rewards-from-uni-v2-and-bal-to-uni-v3/12

Note: this forum is for the discussion of potential governance proposals and ideas, but are NOT live proposals, which are only hosted on https://snapshot.org/#/apy.eth.

👾 APY.Finance Weekly Update 10/10 - 10/16 👾

What’s Next for the APY.Finance Alpha Launch?
As a result of all major requirements for Alpha development now completed, the team shifts their focus toward mainnet testing. Subsequently, we’ve now completed the “Progress Report” and will continue to update the community on mainnet testing progress, further developments, governance concepts, proposal results, and more.

Stay tuned for a very special announcement in next week's update.

Alpha Launch AMA
Next week, APY.Finance’s founder and CEO will join the APY.Finance Telegram channel for an AMA where community members are encouraged to ask questions and share feedback regarding the upcoming Alpha build launch and governance.

Join us in Telegram on Thursday, 10/28/21 6:00pm EST for a very special announcement & AMA.

Smart Contracts
With a hyper-focus on mainnet testing, our smart contract engineers continue to test based on feedback received from our smart contract and financial auditors, Halborn. With both financial and smart contract audits being finalized, we expect to be able to publicly share both audits in next week’s update.

Completed Governance Proposals & Analysis
Thus far, all 5 of the initial governance proposals have passed on our (Snapshot Page and these proposed farms will be added to the initial Alpha launch portfolio. We will continue to share more proposals for additional farms to be added to the Alpha build over the coming weeks.

We’ve analyzed the results of these completed governance proposals to measure community engagement and participation measured by the amount of $APY tokens held. These results demonstrate a very healthy engagement rate spanning across a wide array of $APY token holder sizes.

Governance Engagement and Participation Analysis

Governance Discussion
We've created a more formalized forum where the community can continue discussion on governance proposals in a more standardized manner. We believe this approach, where users will easily be able to view and learn from past discussions, will create much more focused and impactful conversations for potential proposals that will benefit the platform long-term.

The first forum thread for discussion we've posted is for a potential proposal ideated by the community to switch rewards from UNI V2 and Bal to UNI V3. We encourage the community to join the discussion and share their thoughts on the forum, even if you've previously shared in any of our social channels as this forum will be the center of governance discussions going forward.

Join the proposal discussion here: https://apy.trydiscourse.com/t/switching-rewards-from-uni-v2-and-bal-to-uni-v3/12


User Interface
Our front-end team has completed integrating the front-end with updated smart contracts. We’ve updated input validation logic and UI/UX around forms to cover various edge-cases when depositing and withdrawing from the platform. Finally, our team has completed developments for mobile responsiveness to ensure users on mobile, a large projected share of our userbase, will have as fluid a yield farming experience as those on any other device.

APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
TVL: $21,736,950.96
APY: 45.41%
*As of Thursday, 10/21/21, 4:10pm EST

👾 APY.Finance Weekly Update 10/17 - 10/23 👾

APY.Finance Alpha Launch
We have some very exciting news to share about the upcoming APY.Finance Alpha launch. Tune in to our Telegram channel where APY.Finance’s founder and CEO, Will Shahda, will join the community for an AMA. Users are encouraged to ask any questions they may have about the upcoming launch, platform operation, governance proposals, and more.

Join us in Telegram later today, 10/28/21 6:00pm EST / 22:00 UTC for a special announcement & AMA.

As we approach the Alpha launch, we will be updating our docs where users can learn more about the platform and its operation. Over the next couple of weeks, we highly encourage all users to familiarize yourselves with the updated docs prior to launch to learn more about the platform’s new features and operation.

Security & Financial Audits
After much collaboration, we are very excited to announce we have officially completed our security and financial audits with Halborn. You can review the live audits and Halborn’s findings here:

Smart Contract Audit
Financial Audit

This thorough financial audit evaluates financial risks and spans past the standard smart contract audits typically seen within DeFi.

Security
As we’ve spent this week continuing mainnet testing, our smart contract engineers have updated end to end scenario tests to run through each protocol integration, and rebalances for every supported token. Our engineers have also fully tested claiming and swapping tokens, and have ensured that all protocols are integrated properly.

Governance
A governance proposal for a Curve-frax pool will be live at 8PM EST / 12AM UTC later today. Frax is a promising project that aligns with our goals. $APY governance token holders are able to head over to our Snapshot proposal page to vote by Nov 9th, 8PM EST / 12AM UTC.

Vote here once the proposal is live.

User Interface
Our front-end team has integrated an updated APY core package with the front-end, ensuring live smart contracts are now connected to the refreshed user interface. We’ve also continued media queries and responsive CSS, as ensuring a streamlined and responsive experience is crucial to delivering a simple yield farming experience to all users.

APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
TVL: $43,702,305.54
APY: 24.49%
*As of Thursday, 10/28/21, 3:20pm EST

👾 APY.Finance Weekly Update 10/24 - 10/30 👾

🎉 It’s official! 🎉 After many months of rigorous development, auditing, and testing, APY.Finance is officially launching the Alpha build mid-November. We’re excited for what’s to come, and for the community to be able to use the platform after much anticipation. We appreciate your continued support, and look forward to the next step in making DeFi simple and accessible en masse.

Alpha Launch Announcement & AMA Recap
Last week, we hosted an AMA where the community gathered on Telegram to ask questions about platform development, security, auditing, governance, and the future of APY.Finance with CEO and founder, Will Shahda. Below is a brief synopsized recap of discussion shared in the AMA. We encourage you to join our Telegram channel, and view the AMA thread (https://news.1rj.ru/str/apyfinancechat/144364) for a complete overview of each question and context in its entirety.

- Once the Alpha is released, the APY.Finance team will continue platform development, including already existing planning for a V2 which we believe will dramatically improve the platform’s efficiency and levels of decentralization. Increasing decentralization will keep us on the right side of compliance, and open the doors to many more interesting mechanics down the line.
- A major goal and result of increasing decentralization will be to make things more permissionless, including the inclusion of farms which can then be decided entirely by governance.
- Security auditing that initially revealed vulnerabilities around access control and the possibility of compromised team accounts (hacked or stolen keys, etc) led to an overhauled system of roles and permissions to prevent this from occurring. We’ve recently made our audits public, where you can review in detail the audited findings and remediations to solve them:
https://github.com/HalbornSecurity/PublicReports/blob/master/Solidity%20Smart%20Contract%20Audits/APY_Smart_Contract_Security_Audit_Report_Halborn_Final.pdf
https://github.com/HalbornSecurity/PublicReports/blob/master/Financial%20Pentesting/APY_Financial_Pentesting_Report_Halborn_Final.pdf
- We are keeping an eye on the possibility of the inclusion of other networks down the line, but will initially focus our release on Ethereum mainnet.
We are hyper aware of the importance of decentralization and compliance and will take measures to ensure both.
Full decentralization will greatly increase possibilities to increase token utility and implement innovative token mechanics.
As of 11/9/21, all investor tokens will have been distributed to seed investors.
- Most of the smart contract code is currently verified on Etherscan and GitHub repos will eventually be made fully available to the public.
- We have many marketing initiatives lined up that we think the community will be very excited about, with a heavy focus on sustainable and organic long-term growth initiatives that will help educate users about DeFi, as well as build awareness and adoption for the target-audience of the platform.
- We intend to support other stablecoins for deposits in the future, once we can carefully ensure that they’re well supported, secure, and have high liquidity.

Security
We’ve implemented and refined safeguards surrounding our upgrades of pools holding user liquidity to provide failsafes, protecting user’s funds, based on the approach that USDC used to updating their contract. Read more about it here.

User Interface
This week, our front-end engineers have completed all necessary integrations between the updated User Interface and the latest smart contracts. We’ve also pushed a staging demo site including updated transaction modals and charts.

In next week’s update, we will address some suggestions proposed in the Discourse governance discussion channel.

APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*:
- TVL: $66,249,942.17
- APY: 14.21%
*As of Thursday, 11/4/21, 4:00 pm EST

What's Next?
Following the upcoming Alpha launch, we have many plans in store for taking APY.Finance to the next level. See attached below a preview of concepts and a timeline we've been floating, based on feedback from the community, for what's to come. Stay tuned for next week's update as we continue to explore some feedback and suggestions seeded by the community in our governance discussion Discourse channel, where we encourage all users to continue participating, and sharing ideas. We hope you're as excited for what's to come as we are!

https://apy.trydiscourse.com/

Please note: once the Alpha build is made live, we will activate a reserve-pool safeguard which prevents the pools and user’s funds from being drained in the rare black-swan event of a system-wide hack or exploit. As a result, whales who own a large portion of the TVL will not be able to instantaneously make large withdrawals of ~10% or more of the TVL at the time of withdrawing. To avoid the necessity of making smaller withdrawals over a longer period of time, contact us at support@apy.finance prior to withdrawing to ensure these withdrawals don’t activate our safeguards, and that you will be able to withdraw the full amount at once.

A proposal for the Curve-lusd pool has been made live and is available for $APY token holders to vote through 11/15/21, 1:00 pm UTC. Vote here.

👾 APY.Finance Weekly Update 10/31 - 11/6 👾

APY.Finance Alpha Launch
It’s official! APY.Finance will be releasing the Alpha launch build this Monday, 11/15/21.

We’re extremely excited for the community to finally have the opportunity to use the platform firsthand, and begin yield farming. The initially deployed farms are highly risk-adjusted and vetted for security and diversity. Users can expect yields to increase over time as we continue to host new governance proposals for additional farms, increasing diversification, and reducing exposure to riskier, higher-yield farms that are voted in.

Please note: Once the Alpha build is made live, we will activate a reserve-pool safeguard which prevents the pools and user’s funds from being drained in the rare black-swan event of a system-wide hack or exploit. As a result, whales who own a large portion of the TVL will not be able to instantaneously make large withdrawals of ~10% or more of the TVL at the time of withdrawing. To avoid the necessity of making large withdrawals over a longer period of time, contact us at support@apy.finance prior to withdrawing to ensure these withdrawals don’t activate these safeguards.

Alpha Deployment
After much deliberation and close scrutiny for any remaining code updates necessary for launch, core contract development and deployment code is officially completed, and all loose ends have been tied off. The code is now frozen and prepared for deployment to mainnet in preparation for the upcoming Alpha launch. Our team is currently developing a launch checklist to ensure smooth deployment onto mainnet.

Further, our smart contract engineers have created an internal operations manual, which formalizes internal processes used to operate the platform on a daily basis. This will greatly assist in preventing operational error, as well as assist in onboarding new team members as the APY.Finance team begins to scale.

Governance
We now have a new URL for governance proposal discussions which you can view here.

A governance proposal to integrate the Curve-frax pool has been completed and voted through by the community. Further, a governance proposal for Curve-LUSD has been made live and is available for $APY governance token holders to begin voting now.

Governance Discussion Feedback & Building Liquidity Depth
We are continuously monitoring and reviewing feedback from our community, especially as various governance discussions begin to grow on our Discourse channel. While reviewing the discussion thread regarding switching rewards from UNI V2 and Bal to UNI V3, it has reinforced the goal of finding new and innovative ways to increase token utility.

While we believe there is value in consolidating liquidity, we understand there may be concerns around impermanent loss when moving staking incentives over to Uniswap V3. As a result, we’ve been keeping an eye on opportunities presented with Defi 2.0 and protocol-owned liquidity.

In particular, we’ve been exploring the very interesting mechanics of bonding markets, such as that in Olympus Pro. We are exploring these bonding market mechanics, as they may prove to be an effective way to build liquidity depth as seen in other projects that have implemented these mechanics, without the risk of exposing users to impermanent loss.

We will continue to monitor and review conversations posted on this discussion forum as we prepare for the next phase of APY.Finance, and exploring the possibility of expansion with Defi 2.0 tokenomics, cross-chain & L2 adoption, and increasing decentralization.

User Interface
While performing live mainnet end-to-end testing with the finalized UI in preparation for deployment, our front-end has refined the UI for added usability and clarity. engineers are finalizing the UI in preparation for deployment to a staging site by reviewing the UI with a fine tooth comb, and implementing any necessary debugs and refactors.

Further, our team is optimizing Coingecko API calls, which will result in increased scalability, as the system’s load will not be increased as we continue to add new strategies to the platform, a pivotal feature in ensuring a streamlined platform performance.

APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
TVL: $45,644,222.66
APY: 32.17%
*As of Thursday, 11/11/21, 1:25pm EST