Reminder: 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.

As we begin mainnet deployment today, we encourage users to check out the new User Manual which will assist users in yield farming on the Alpha build as soon as it is live.

We will continue to update the community on the mainnet deployment process as we upgrade pools and deploy captial to strategies.

Reminder for users withdrawing large amounts of deposited stablecoins from the platform at one time (>10% of the TVL): your transaction may trigger the 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. With the safeguard in place, account holders that 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 support@apy.finance prior to withdrawing to ensure these withdrawals don’t activate these safeguards.

In 20 minutes, we will begin upgrading the production APY pool. Our upgrader contract will perform a series of automated on-chain tests, protecting user's funds. The pools will automatically lock as we perform a manual review. Once this process is complete, we will announce 2 hours prior to redeploying liquidity to the live portfolio, and users will have the opportunity to withdraw or deposit prior to going live.

👾 APY.Finance Alpha Launch & Post-Launch Roadmap Preview 👾

Following the completion of core platform and smart contract development, we are extremely excited to announce that APY.Finance has reached an incredibly significant milestone as the Alpha build is officially launching on mainnet. Prior to using the platform for the first time, we encourage users to view the new User Guide which guides users in yield farming on the platform.

The Alpha platform, however, is just the beginning, as it marks the first key step of many in our plans to scale the APY.Finance team, platform, token utility, and decentralization. In this article, we’d like to provide a brief overview of what users can expect next from APY.Finance.

Increasing Yield & Rapid-Integration With New Farms
One of APY.Finance’s core principles is delivering the highest risk-adjusted yield possible. We are initially deploying our Alpha build with just a few low-risk vetted farms and strategies which have been successfully voted through by $APY governance token holders via our Snapshot governance page. Users can expect yield returns to increase over time as we continue to host new governance proposals for additional farms which will increase diversification and improve yields. We are also currently working on a Convex integration to boost Curve yield.

With a diversified base of proven and safe farms, we can rapidly integrate with newer riskier farms while keeping a lower overall risk profile. A core element of the framework we’ve built within the APY.Finance platform is the extremely nimble solution we’ve created which allows rapid integration of new farms near instantaneously once they are voted in. New farms will often have higher yield returns early on, and our rapid integration will allow us to capture yield from these new farms with quick turnaround. In order to assist in rapid integration and staying on the cutting edge of new farms, we are onboarding a DeFi Researcher to constantly vet for, and keep the team and the community up-to-date on the latest DeFi protocols that APY can integrate with for additional yield. Further, we are also onboarding a Data Scientist to analyze protocols for possible inclusion in the APY yield farming portfolio, and create data models which will allow us to predict a strategy’s impact on the overall portfolio, and assist the community in making informed governance voting decisions.

Cross-Chain & L2 Expansion
We’ve been evaluating the natural evolution of our currently implemented yield farming strategies as we prepare to move to other chains and L2s which will have many added benefits. Moving to other chains and L2s will not only increase yield for users, but will also lower platform transaction costs by allowing the platform to be more nimble, rebalancing more frequently, which improves capital efficiency as idle capital and low yielding capital will be put to greater use quicker.

Our team is currently conducting research on EVM compatible chains and L2s to determine our first expansion as we continue to progress toward cross-chain and L2s. We are weighing our options based on the criteria of available liquidity, user traction, onboarding process’, incentives and predicted longevity.

Some of the options for expansion we are currently evaluating are:

EVM-Compatible chains & L2s:
- Avalanche
- Harmony
- Fantom
- xDai
- Binance Smart Chain
- Polygon
- Arbitrum

Finally, we understand the frustration with the rising gas fees, which makes acquiring small amounts of the $APY token unavailable to users, as the token is currently only available for purchase on mainnet. Moving over to L2s will have the added advantage of lower user transaction costs, saving users on deposit costs and making the platform even more accessible to a wider range of users with access to smaller amounts of capital. This will become even more important as APY.Finance continues to scale and cements itself as a platform where any user, regardless of experience or capital, will be able to participate in yield farming with APY.Finance.

Improving $APY Token Utility
One of the immediate goals we have is increasing $APY token liquidity and utility. While listening to feedback from the community discussed in our social channels and Discourse governance discussion forum, we’ve speculated some ways which this may be best achieved.

By integrating DeFi 2.0 mechanics focused on concepts such as platform owned liquidity and self-sustaining liquidity to improve liquidity depth, we believe we will be able to improve token liquidity without risking users to impermanent loss. To demonstrate its effectiveness and evaluate if it’s the right solution, the Data Scientists we’ve recently onboarded will work with us to develop analytical models which will assist us in evaluating exactly how token bonding markets similar to Olympus DAO affect tokenomics.

We are also researching how best to automate liquidity provision on Uniswap v3, so $APY stakers can achieve greater capital efficiency. One of the options we are exploring is Gelato’s G-UNI protocol.

Further, we are evaluating ways to insure the platform against shortfall events while improving token utility for $APY holders. After thoroughly researching other platforms that have a safety or stability module where tokens can be staked for additional rewards, we believe there would be great benefit to allowing staking of $APY tokens in a safety module to insure against shortfalls or platform exploits. We are considering, and evaluating optimal practices to allow $APY token holders to receive increased platform rewards and/or other benefits, and ways for the $APY token greater governance powers as we continue to increase decentralization. We encourage $APY token holders to share their ideas and discuss their thoughts on ways to improve token utility in the APY.Finance governance discussion Discourse channel.

The Wrap-Up
We hope this was an insightful look into the development of APY.Finance following today’s Alpha launch, and are extremely eager and excited as we ramp up into the next phase.

The APY.Finance Alpha build will be live on mainnet for users to begin yield farming today.

🚀 The new UI is officially live!🚀

In 2 hours we will deploy all user liquidity to our first 6 strategies. After this, our reserve pools will be in effect. If you’re a whale with a large percentage of TVL, make sure you familiarize yourself with the reserve pools (https://docs.apy.finance/getting-started/reserve-pool-safeguard).

We have a full pipeline of new strategies that will be released, so keep an eye out for the governance proposals.

If there are any formatting issues with the UI for your device, please reach out to support@apy.finance and be sure to include your Discord or Telegram handle as well as your device / browser.

🥳 We are now completing the final stage of mainnet deployment as we deploy user liquidity to our first 6 strategies.

Happy yield farming! https://apy.finance/

🎉 It's official! 🎉 Mainnet deployment is officially completed and the APY.Finance platform is LIVE and ready to begin yield farming now!

https://apy.finance/

🤝 APY.Finance Integrates Fractional-Algorithmic Stablecoin’s Curve-FRAX Pool

Learn more: https://medium.com/apyfinance/apy-finance-integrates-fractional-algorithmic-stablecoins-curve-frax-pool-8ceb61a6ac71

🗣 Following successful integration, APY.Finance has been added to the Frax.Finance staking page.

https://twitter.com/apyfinance/status/1461067432945139718

📢 There is currently a known issue with "The Graph" and its indexing which may result in incorrectly displayed $APY rewards temporarily. Our engineers are aware of this problem and currently working on a solution.

⬇️ Want to hear us talk more about DeFi than we already do?

Join us in NYC on 11/30 as founder and CEO, Will Shahda, joins Chainlink for a panel on all things DeFi.
https://twitter.com/apyfinance/status/1461377973102292994

👾 APY.Finance Launch Recap & Frequently Asked Questions (FAQ) 👾
https://medium.com/apyfinance/apy-finance-launch-recap-frequently-asked-questions-faq-aca9c9cdb371

With the recent release of the APY.Finance Alpha build, we wanted to share a retrospective on the launch and deployment, including successful milestones, as well as some community feedback we’ve received and lessons we’ve learned along the way. Towards the end, we’ve also shared a FAQ section of questions frequently asked following the launch.

We had separated the launch deployment into two phases: pre-launch and launch.

Mainnet Deployment Recap
Pre-Launch
We saved a ton of gas fees by batching the majority of the contract deployments over the weekend when gas prices were substantially lower. This meticulous planning resulted in a much lower deployment overhead.

Further, our deployment contract ensured that all contracts were configured and deployed seamlessly, despite the many moving parts with 23 contracts under the hood.

Launch
During the launch, we used our Pool Upgrader contract to make the production pools live. The contract conducted a variety of pre and post condition checks autonomously to ensure the update would be reverted in the case of any deployment errors. The upgrade went flawlessly

There are many lessons we’ve learned from the launch and feedback we’ve received from the community. For instance, there were a couple of minor errors, including one with The Graph, which we use on the backend for indexing, and we will be adding a UI tooltip to clarify this issue. Further, the Tour Guide, which will walk users through using the platform directly on the UI will be enabled next week, aiding in clarifying many of the questions we’ve been receiving about the platform.

We’ve also unfortunately timed the launch into rather harsh market conditions. All projects, and especially new ones, have a harder time raising awareness when the news of a big market-wide sell-off oversaturates platform awareness. We could have planned a bit better around the macro market conditions to better align with a healthier launch event.

The Future of APY.Finance
We are more optimistic than ever about the future of APY.Finance. The Alpha build, in user’s hands, has proven that the platform we’ve built is as secure and robust as planned. While the team is ironing out a few post-launch details, the platform is prepared to flourish in these currently demonstrated harsh market conditions.

During major market sell-offs, there is often a flight to safety as the market shifts and begins to load up on stables, and the APY.Finance platform is designed for users to park their stable liquidity into diverse risk-adjusted strategies. Further, during major market sell-offs, there is historically an explosion in gas fees. While gas fees have been increasing steadily, the APY.Finance platform is designed to reduce gas fees with batched transactions, and barrier to entry.

Awareness Campaigns
Great news is on the horizon. We have lined up quite a few marketing and awareness campaigns that will build hype and increase platform adoption. We are currently working with various publications, influencers, advertising, and strategic partners to increase platform adoption and grow the user-base. We will also have some (possibly non-fungible) rewards to distribute to a selection of early supporters and adopters in the near future.

Increasing Yield & New Farm Integrations
As we continue to scale, we’re progressing toward our roadmap of scaling with L2s and cross-chain granting us access to higher yields, lower cost rebalances, and a greater diversity of farms.

We also have many new farms and integrations lined up to share as governance proposals over the coming weeks. This will continue to increase yield as we diversify the strategy portfolio with riskier, higher yield farms. A proposal to integrate Liquity’s Curve-LUSD pool is close to completion with nearly unanimous approval by $APY governance token holders. Additionally, a proposal for mStable will be made live tonight, 11/18/21, 8:00pm EST and $APY governance token holders will be able to vote here.

Wrap-Up
We have a plan laid out, and a goal in sight to make APY.Finance the greatest yield farming aggregator on the market, and a team that is a healthy balance of passionate, intelligent, and gritty to make it happen. We’re in it for the long haul, and will continue to work day in and out as we continuously build upon the foundation we’ve laid out. We appreciate the continued support and patience as we continue on our journey. Be sure to stay tuned, as great things are on the horizon. The best is yet to come!

❓Frequently Asked Questions❓

Following the Alpha launch, we’ve been receiving quite a few frequently recurring questions about using the platform, raising awareness, and the next steps in the progression of APY.Finance. Take a look:

Q: I connected to the platform but I'm confused on how to begin farming. What should I do next?
A: Take a look at the User Guide we've created to walk users through yield farming on the platform.

Q: I still see the old APY.Finance dashboard/I'm unable to connect to the new Alpha build. How do I connect and begin yield farming?
A: In order to connect to the new APY.Finance Alpha build you'll need to have the Metamask wallet extension installed and ensure you have the correct Network selected (Ethereum Mainnet) at the top of your wallet. If you've connected to the APY.Finance platform prior to revamped Alpha build, you may need to hard reset your browser by clearing your cache entirely. These solutions have solved 90% of connectivity issues we’ve encountered.

Q: Why is there a discrepancy between total liquidity deployed in the yield strategy breakdowns?
A: Each account technically owns a small portion of the reserve pool that’s left liquid for withdrawals. This allows us to protect the reserve pools and allow cheaper deposits and withdrawals than if users were to deposit into a farm on their own.

Q: Will yield be returned in $APY or stablecoins?
A: Yield will be returned in a combination of both stablecoins and $APY tokens until remaining $APY rewards are distributed. You can view a yield breakdown from each allocated strategy by clicking each strategy in the ‘Yield’ tab.

Q: Why can’t I claim my $APY yield rewards immediately?
A: $APY rewards earned are vested and claimable after a 6 month vesting period. Newly earned tokens are updated and awarded every Friday, which is when users will see ‘earned rewards’ increase. After they awarded, they are vested block by block, and more claimable rewards will be continuously claimable as time progresses.

Q: What are your plans to increase yield?
A: Users can expect yield returns to increase over time as we continue to host new governance proposals for additional farms which will increase diversification and improve yields as we add riskier, higher-yield farms to our portfolio. Additionally, we are also currently working on a Convex integration to boost Curve yield. Users can suggest new farms to add here: https://gv5qt5b8im5.typeform.com/to/Y8czQa3E

Q: What are you doing to alleviate gas fees?
A: We are evaluating moving cross-chain and to L2s to lower user's transaction costs and save on gas fees.

Q: What kind of marketing initiatives will be conducted to raise awareness for APY.Finance?
A: As we continue to ramp up our marketing campaigns, we are working with various publications, influencers, advertising, and strategic partners to raise awareness for APY.Finance. We will also have some (possibly non-fungible) rewards to distribute to a selection of early supporters and adopters in the near future. 😉 Down the line, we plan to heavily scale our content marketing strategy and introduce an array of Defi educational resources that will assist in onboarding users new to Defi aiding in sustainable, long-term growth.

Q: When will marketing begin?
A: Our marketing campaigns have begun to roll out and will continue to do so indefinitely. If community members wish to help spread the word about APY.Finance, we encourage you to support the platform by creating and sharing videos and screenshots of the platform across various social channels, any exposure helps! Tag us on social media and we will be sure to engage with your content. In the future, we may distribute rewards to top content creators.

Q: Why can't I use the Tour Guide?
A: The Tour Guide has just a few tweaks to support certain devices and screen sizes that need to be updated before it goes live next week.

Q: What is the $APY token used for?
A: Currently, $APY token holders will be able to participated in governance by voting on various proposals, such as when integrating new farms. In the future, we are evaluating ways to increase liquidity depth and token utility, empowering the token even further. Read more about our plans to increase liquidity depth and token utility in this article: https://medium.com/apyfinance/apy-finance-launch-announcement-post-launch-roadmap-98829c95742a

Q: What's next for APY.Finance?
A: We've outlined a preview of our roadmap and "next steps" following the Alpha launch here: https://medium.com/apyfinance/apy-finance-launch-announcement-post-launch-roadmap-98829c95742a

Q: I still need help, where do I go?
A: No worries, we've got you covered! Drop us a message at support@apy.finance with details of the issue you're having and your Telegram/Discord handle, and we'll gladly assist you.

APY.Finance Code of Conduct

The APY.Finance team is committed to providing a constructive and positive platform for the APY.Finance community to discuss the APY.Finance system, its use cases, strategies, governance, and DeFi as a whole. We believe everybody should be able to express themselves freely, and holding each individual accountable in this spirit results in a healthier environment for all. We reserve the right to moderate, including temporarily or permanently banning, any user who does not comply with these standards.

This code of conduct applies equally to the APY.Finance team, investors, and community members. It will be enforced throughout all social spaces managed by APY.Finance including our official Telegram and Discord channels.

If you believe a user is violating the code of conduct, we ask that you please report a denoscription, usernames of those involved, and screenshots of any incidents to support@apy.finance.

1. Be Friendly and Patient.

2. Price Talk & Tradable Assets. Team members cannot comment or speculate on the $APY token price. Keep all token price discussion within the unofficial (not owned by the APY.Finance team) APY.Finance Trading Telegram group (https://news.1rj.ru/str/apyfinancetraders). Further, no promotion of any tradable assets will be allowed.

3. Constructive and Civil Discourse. The APY.Team is open to feedback and constructive criticism. When sharing feedback, we expect that you do so in a manner that is respectful and constructive to the APY.Finance team, and other community members. Personal attacks, excessive nitpicking, repeating questions or general rudeness will not be tolerated.

4. Self-Promotion. Self promotion will not be tolerated. Please direct any partnership inquiries to support@apy.finance.

5. Hate Speech. APY.Finance has an international community with members from around the world. We ask everyone to embrace these opportunities for discussion and learning. Please be respectful and courteous of other members at all times. Hate speech including, but not limited to, racism or sexism will not be tolerated.

6. Be Wary Of Scammers. Team members will NEVER message you trying to solicit investment, funds, or wallet information. Be wary of scammers and never divulge your personal information.

7. Impersonations. Impersonation of any member of the APY.Finance team, or any other project will immediately result in a permanent ban.

8. Links, Spam, and Advertisements. Referral links and links to external websites or images that include sexual, racist, violent, disturbing, or inappropriate content are strictly prohibited.

9. Search for Previously Asked Questions. Many questions we receive have already been answered, likely more than once. It is your responsibility to DYOR and search for previously answered questions. Asking questions that are answered previously and easily found through a search may result in moderation.

10. No Excessive FUD or Negativity. Users are free to speak their mind, however, excessive FUD or negativity will not be tolerated. If you have suggestions, ensure they are shared constructively and respectfully. Repeating the same feedback already shared by yourself or another user may result in moderation.

🆕 We've pushed an update that will now add the value of unclaimed $APY to a user's total 'Account Value'. Previously, accrued $APY rewards weren't reflected in the 'Account Value' section of the dashboard, reflecting a lower total yield amount than earned.