🤝 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
Learn more: https://medium.com/apyfinance/apy-finance-integrates-fractional-algorithmic-stablecoins-curve-frax-pool-8ceb61a6ac71
Medium
APY.Finance Integrates Fractional-Algorithmic Stablecoin’s Curve-FRAX Pool
APY Finance is excited to announce that Frax Finance, the world’s first fractional-algorithmic stablecoin protocol, is now integrated with…
🗣 Following successful integration, APY.Finance has been added to the Frax.Finance staking page.
https://twitter.com/apyfinance/status/1461067432945139718
https://twitter.com/apyfinance/status/1461067432945139718
Twitter
apyfinance
🗣 Following successful integration, APY.Finance has been added to the @fraxfinance staking page. ⏩ app.frax.finance/staking [Stats updating]
📢 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
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
Twitter
apyfinance
👇 Want to hear us talk more about DeFi than we already do? NYC. 11/30, 6pm EST. #PoweredByChainlink twitter.com/mikeyimp/statu…
👾 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.
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.
Medium
APY.Finance Launch Recap & Frequently Asked Questions (FAQ)
With the recent release of the APY.Finance Alpha build, we wanted to share a retrospective on the launch and deployment, including…
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!
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.
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.
Typeform
APY.Finance - Farm Introduction
Turn data collection into an experience with Typeform. Create beautiful online forms, surveys, quizzes, and so much more. Try it for FREE.
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.
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.
Medium
APY.Finance Launch Announcement & Post-Launch Roadmap
Alpha launch is here! Announcement & post-launch roadmap summary.
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.
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.
apy.finance
APY.Finance: Diversified stablecoin yield
Find the best, risk-adjusted yield by fully automating crypto yield strategies with just a few clicks.
APY.Finance Announcements pinned «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…»
🆕 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.
📢 In order to rapidly increase yield and portfolio diversification, we've made 5 governance proposals live now:
➡️ mStable curve-musd
➡️ Origin Protocol curve-ousd
➡️ Alchemix curve-alusd
➡️ Magic Internet Money curve-mim
➡️ Curve-d3pool
Vote now: https://snapshotpage.b-cdn.net/#/apy.eth
➡️ mStable curve-musd
➡️ Origin Protocol curve-ousd
➡️ Alchemix curve-alusd
➡️ Magic Internet Money curve-mim
➡️ Curve-d3pool
Vote now: https://snapshotpage.b-cdn.net/#/apy.eth
👾 How APY.Finance is Increasing Yield & Saving Gas Fees 👾
Following the successful Alpha launch, we will be shifting the focus of these “newsletters” from developmental updates to platform updates, governance noticings, macro trends, product information, and more.
Total Gas Savings Since Platform Launch
One of APY.Finance’s core features is its ability to pool liquidity and batch deposits into many different strategies at once. As a result, users who deposit only need to pay a single gas fee to be exposed to all of the currently active strategies, greatly saving on gas fees as opposed to diversifying deposits into each one of the active strategies on their own. Depositing into each strategy individually just once would cost the user between $500 - $1000 for entry, before we take into consideration any rebalances that the platform’s autocompounding feature handles by collecting rewards and redistributing them into the pools automatically.
We are excited to share that, in just over a single week of operation, we’ve saved around $8,000 in gas fees for each user. In total, we’ve saved a combined $7,336,492.00 in gas fees as opposed to yield farming in each of the currently active strategies individually. These gas savings will only increase as the amount of farms we have in our portfolio continues to grow.
This feature has many benefits, including granting exposure to a more diversified range of strategies to users who have deposited smaller amounts. On the flipside, whales who have deposited larger amounts are able to achieve hands-off diversification, being exposed to many different strategies at once, instantly diversifying their portfolio and adjusting risk.
Governance, Token Utility & Defi 2.0 Tokenomics
We’ve mentioned previously our plans for increasing liquidity depth, token utility, and diving into Defi 2.0 tokenomics in our post-launch roadmap ( https://medium.com/apyfinance/apy-finance-launch-announcement-post-launch-roadmap-98829c95742a ). We’d like to expand on these concepts a bit and share our thoughts and progression on the next step of making APY.Finance a multi-faceted platform with all angles covered.
Increasing Yield Through New Integrations
An advantage the platform framework we’ve built offers is the ability to increase yield by integrating new farms, which can be done rapidly via the “plug and play” system we’ve built, once new farms are passed through governance votes.
Currently, there are 5 farms up on the governance voting page, where $APY governance token holders can vote to integrate these new farms into the APY.Finance portfolio.
Vote now: ( https://snapshotpage.b-cdn.net/#/apy.eth )
Increasing farm integrations, and thus, increasing yield and diversification, ties into our roadmap of how we plan to develop the platform:
Increasing yield by adding higher yield farms > building TVL and liquidity > increased opportunity for interesting token utility mechanics > increased platform awareness
The more yield the system is able to generate, the higher the TVL will rise, and the more token utility opportunities will arise as a result. The more these foundational efforts grow, the more the platform will be able to reach its potential and spread awareness to a wider array of users.
Increasing Liquidity Depth & Token Utility
As we continue to progressively increase focus on liquidity depth and token utility, we’d love to hear the community’s feedback on some ways the team has conceptualized this can be best achieved through our governance discussion forum. Joining the discussion and sharing your thoughts and feedback is critical for vetting viability, and achieving quicker progress toward achieving these goals. Join the governance discussion here: ( https://forum.apy.finance/ )
Following the successful Alpha launch, we will be shifting the focus of these “newsletters” from developmental updates to platform updates, governance noticings, macro trends, product information, and more.
Total Gas Savings Since Platform Launch
One of APY.Finance’s core features is its ability to pool liquidity and batch deposits into many different strategies at once. As a result, users who deposit only need to pay a single gas fee to be exposed to all of the currently active strategies, greatly saving on gas fees as opposed to diversifying deposits into each one of the active strategies on their own. Depositing into each strategy individually just once would cost the user between $500 - $1000 for entry, before we take into consideration any rebalances that the platform’s autocompounding feature handles by collecting rewards and redistributing them into the pools automatically.
We are excited to share that, in just over a single week of operation, we’ve saved around $8,000 in gas fees for each user. In total, we’ve saved a combined $7,336,492.00 in gas fees as opposed to yield farming in each of the currently active strategies individually. These gas savings will only increase as the amount of farms we have in our portfolio continues to grow.
This feature has many benefits, including granting exposure to a more diversified range of strategies to users who have deposited smaller amounts. On the flipside, whales who have deposited larger amounts are able to achieve hands-off diversification, being exposed to many different strategies at once, instantly diversifying their portfolio and adjusting risk.
Governance, Token Utility & Defi 2.0 Tokenomics
We’ve mentioned previously our plans for increasing liquidity depth, token utility, and diving into Defi 2.0 tokenomics in our post-launch roadmap ( https://medium.com/apyfinance/apy-finance-launch-announcement-post-launch-roadmap-98829c95742a ). We’d like to expand on these concepts a bit and share our thoughts and progression on the next step of making APY.Finance a multi-faceted platform with all angles covered.
Increasing Yield Through New Integrations
An advantage the platform framework we’ve built offers is the ability to increase yield by integrating new farms, which can be done rapidly via the “plug and play” system we’ve built, once new farms are passed through governance votes.
Currently, there are 5 farms up on the governance voting page, where $APY governance token holders can vote to integrate these new farms into the APY.Finance portfolio.
Vote now: ( https://snapshotpage.b-cdn.net/#/apy.eth )
Increasing farm integrations, and thus, increasing yield and diversification, ties into our roadmap of how we plan to develop the platform:
Increasing yield by adding higher yield farms > building TVL and liquidity > increased opportunity for interesting token utility mechanics > increased platform awareness
The more yield the system is able to generate, the higher the TVL will rise, and the more token utility opportunities will arise as a result. The more these foundational efforts grow, the more the platform will be able to reach its potential and spread awareness to a wider array of users.
Increasing Liquidity Depth & Token Utility
As we continue to progressively increase focus on liquidity depth and token utility, we’d love to hear the community’s feedback on some ways the team has conceptualized this can be best achieved through our governance discussion forum. Joining the discussion and sharing your thoughts and feedback is critical for vetting viability, and achieving quicker progress toward achieving these goals. Join the governance discussion here: ( https://forum.apy.finance/ )
Medium
APY.Finance Launch Announcement & Post-Launch Roadmap
Alpha launch is here! Announcement & post-launch roadmap summary.
We are evaluating ways to increase $APY token utility in addition to its current powers of granting token holders the ability to participate in governance votes. A couple of methods we are currently considering are a stability treasury, where a portion of rewards issued to people will be used to form an emergency fund to cover a rare shortfall event, and , in addition, evaluating using a portion of our yield returns to purchase $APY tokens on the market to be able to distribute all future rewards solely in $APY.
Our team is also investigating ways in which we can build the platform’s liquidity depth and researching how to best automate liquidity provision on Uniswap v3 for greater capital efficiency for stakers. We are currently in talks with Gelato to investigate their G-Uni protocol ( https://medium.com/gelato-network/introducing-g-uni-lp-like-a-pro-in-uniswap-v3-8fd6fdf9fc35 ), and to learn more about the viability of how their protocol handles things like impermanent loss.
Further, we are evaluating the bonding market mechanics presented by projects such as Olympus Pro. Using G-Uni’s LP tokens with a bonding market mechanism will fractionalize the ownership of a single managed position on Uniswap. This incentivizes market makers who are providing value while allowing the protocol to gain control of this liquidity.
Stabilizing Yield Returns for Users
Since platform launch, we’ve seen a fair amount of fluctuation between the yield of the individual strategies that are a part of the overall APY.Finance strategy portfolio. Despite this, the overall platform yield remained relatively consistent as a result of the diversification of liquidity to many strategies at once. This creates more long term yield return predictability, which will open the door to the possibility of more long-term token utility mechanics.
As yield continues to increase, and the platform continues to demonstrate its stability over time, APY.Finance will continue to cement itself as a platform where users can securely park their money into stables despite market volatility.
Our team is also investigating ways in which we can build the platform’s liquidity depth and researching how to best automate liquidity provision on Uniswap v3 for greater capital efficiency for stakers. We are currently in talks with Gelato to investigate their G-Uni protocol ( https://medium.com/gelato-network/introducing-g-uni-lp-like-a-pro-in-uniswap-v3-8fd6fdf9fc35 ), and to learn more about the viability of how their protocol handles things like impermanent loss.
Further, we are evaluating the bonding market mechanics presented by projects such as Olympus Pro. Using G-Uni’s LP tokens with a bonding market mechanism will fractionalize the ownership of a single managed position on Uniswap. This incentivizes market makers who are providing value while allowing the protocol to gain control of this liquidity.
Stabilizing Yield Returns for Users
Since platform launch, we’ve seen a fair amount of fluctuation between the yield of the individual strategies that are a part of the overall APY.Finance strategy portfolio. Despite this, the overall platform yield remained relatively consistent as a result of the diversification of liquidity to many strategies at once. This creates more long term yield return predictability, which will open the door to the possibility of more long-term token utility mechanics.
As yield continues to increase, and the platform continues to demonstrate its stability over time, APY.Finance will continue to cement itself as a platform where users can securely park their money into stables despite market volatility.
Medium
Introducing G-UNI: LP Like A Pro in Uniswap v3
G-UNI, an automated liquidity provision ERC-20 for Uniswap v3, powered by Gelato
🗳 We've created a governance discussion thread to continue and aggregate all token utility discussion. Discuss here: https://forum.apy.finance/t/increasing-token-utility/85
APY.Finance
Increasing Token Utility
Hey all, as spoke about previously in APY’s post-launch roadmap, and recent update, one of the team’s immediate priorities is increasing token utility. The team and the community, together, have been taking great strides in discussing and evaluating various…
👾Improving Token Utility & Building an Operational Token👾
Following the Alpha launch, the team has continued to monitor community feedback, and as a result, have prioritized our focus on increasing token utility; granting more options and power to $APY token holders in a way that is both compliant and beneficial.
Over the past few weeks, we’ve been evaluating many possibilities for increasing token utility with our recently onboarded Data Scientist. We’ve analyzed options such as a bonding market mechanism and creating an insurance fund through a portion of yield received to insure against a shortfall event.
Ultimately, we’ve decided that creating a more holistic approach to token utility and moving toward developing the token as an operational token, where it is used for all facets of platform operation, will open many more exciting opportunities for contributing, supportive, and active token holders to earn rewards. What does that mean exactly?
There are 4 areas that we believe a cohesive operational token should grant token utility, and we plan to continuously increase token utility in each of these areas over time. We believe moving toward a structure where a portion of yield will be set toward incentivizing token utility rewards will increase token utility, decentralization, and compliance simultaneously.
The 4 key areas in which we plan to increase token utility are:
1. Governance
2. Liquidity Provision
3. Risk-management
4. Platform operation
While we already have basic token utility for both governance and liquidity provision, we are continuing to ideate on ways they can be expanded.
Ultimately, we’re planning to start by increasing basic utility options for each of these pillars and continue to increase depth and complexity for them over time.
For instance, we believe there are options to expand governance through vote-locking, where users can earn rewards by locking and committing their tokens to strictly voting for a set time period and actively participating in proposal votes. Further, while we already have a liquidity provision system in place, we are continuing to explore options to expand liquidity depth here with Olympus DAO’s bonding market mechanism and Gelato G-Uni.
There is also room to begin implementing token utility in areas we haven’t explored yet, namely risk management and platform operation. An example of possible platform operational token utility may be granting permission to certain users, who have a certain amount of $APY tokens bonded, to perform certain platform operational tasks, and earn rewards for doing so.
Further, we can implement token-utility through implementing risk-management measures such as a stability treasury, where users have the option to lock up a portion of their tokens for a certain period of time and earn rewards. In the case of a shortfall event, a portion of the locked tokens would be liquidated to cover the shortfall event. This gives users the option to stake their $APY tokens for rewards.
Ultimately, the plan to increase token utility is underway. We are progressing toward shifting the utility of the token from strictly granting governance voting powers, to a more holistic token that covers all aspects of platform operations. This will allow token holders who are contributing value to the platform to earn rewards for their support and contribution, while providing different avenues of doing so, depending on a user’s preferences.
We appreciate your continued feedback and support as we continue to take APY.Finance to the next level.
Check out the newly deployed active strategies and begin yield farming now.
Following the Alpha launch, the team has continued to monitor community feedback, and as a result, have prioritized our focus on increasing token utility; granting more options and power to $APY token holders in a way that is both compliant and beneficial.
Over the past few weeks, we’ve been evaluating many possibilities for increasing token utility with our recently onboarded Data Scientist. We’ve analyzed options such as a bonding market mechanism and creating an insurance fund through a portion of yield received to insure against a shortfall event.
Ultimately, we’ve decided that creating a more holistic approach to token utility and moving toward developing the token as an operational token, where it is used for all facets of platform operation, will open many more exciting opportunities for contributing, supportive, and active token holders to earn rewards. What does that mean exactly?
There are 4 areas that we believe a cohesive operational token should grant token utility, and we plan to continuously increase token utility in each of these areas over time. We believe moving toward a structure where a portion of yield will be set toward incentivizing token utility rewards will increase token utility, decentralization, and compliance simultaneously.
The 4 key areas in which we plan to increase token utility are:
1. Governance
2. Liquidity Provision
3. Risk-management
4. Platform operation
While we already have basic token utility for both governance and liquidity provision, we are continuing to ideate on ways they can be expanded.
Ultimately, we’re planning to start by increasing basic utility options for each of these pillars and continue to increase depth and complexity for them over time.
For instance, we believe there are options to expand governance through vote-locking, where users can earn rewards by locking and committing their tokens to strictly voting for a set time period and actively participating in proposal votes. Further, while we already have a liquidity provision system in place, we are continuing to explore options to expand liquidity depth here with Olympus DAO’s bonding market mechanism and Gelato G-Uni.
There is also room to begin implementing token utility in areas we haven’t explored yet, namely risk management and platform operation. An example of possible platform operational token utility may be granting permission to certain users, who have a certain amount of $APY tokens bonded, to perform certain platform operational tasks, and earn rewards for doing so.
Further, we can implement token-utility through implementing risk-management measures such as a stability treasury, where users have the option to lock up a portion of their tokens for a certain period of time and earn rewards. In the case of a shortfall event, a portion of the locked tokens would be liquidated to cover the shortfall event. This gives users the option to stake their $APY tokens for rewards.
Ultimately, the plan to increase token utility is underway. We are progressing toward shifting the utility of the token from strictly granting governance voting powers, to a more holistic token that covers all aspects of platform operations. This will allow token holders who are contributing value to the platform to earn rewards for their support and contribution, while providing different avenues of doing so, depending on a user’s preferences.
We appreciate your continued feedback and support as we continue to take APY.Finance to the next level.
Check out the newly deployed active strategies and begin yield farming now.
apy.finance
APY.Finance: Diversified stablecoin yield
Find the best, risk-adjusted yield by fully automating crypto yield strategies with just a few clicks.
📢 APY.Finance is excited to announce our partnership with leading oracle solution Chainlink.
Read more: https://medium.com/apyfinance/apy-finance-partners-with-leading-oracle-solution-chainlink-350746051938
Read more: https://medium.com/apyfinance/apy-finance-partners-with-leading-oracle-solution-chainlink-350746051938
Medium
APY.Finance Integrates Leading Oracle Solution Chainlink to Help Secure Yield Optimization Strategies
We are excited to announce our official mainnet integration with Chainlink, the most widely used decentralized oracle solution throughout…