❓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.

⭐️ APY.Finance Integrates Liquity's Curve-LUSD Pool

https://twitter.com/apyfinance/status/1463223491935805445?s=20

📢 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

👾 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/ )

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.

🗳 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

👾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.

APY.Finance 🤝 mStable

https://twitter.com/apyfinance/status/1466878025337876480?s=20

📢 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

APY.Finance 🤝 Alchemix.Fi

APY.Finance integrates Alchemix's Curve-alusd pool after being voted in unanimously with over 5.5m $APY.

Read more: https://medium.com/apyfinance/apy-finance-integrates-with-alchemix-yield-tokenization-protocol-e2db8c42b121

APY.Finance 🤝 Origin Protocol

APY.Finance integrates Origin's Curve-OUSD pool after being voted in unanimously with over 5.4m $APY.

Read more: https://medium.com/apyfinance/apy-finance-integrates-with-origin-protocols-curve-ousd-pool-dd4b268f9600

👾 Token Utility Roadmap - DeFi 2.0, Protocol-Owned Liquidity and Tokenomics 👾

Over the past couple of weeks, our engineers and Data Scientist have been reviewing community feedback and ideating sustainable strategies to promote increased $APY token utility. In last week’s update, we shared the results of our research. This update further explores our action plan and the next steps we will take to implement the new mechanics. Let’s get into it.

The overarching objective of increased token utility is decentralizing the platform through building liquidity depth with platform-owned liquidity (POL) and broadening opportunities for token holders to earn rewards, to serve token holders and platform users alike. Achieving further decentralization and POL, together, will create long-term platform sustainability.

Liquidity Provision & Building Sustainable Protocol-Owned Liquidity (POL)

We plan on building liquidity depth through enabling protocol-owned liquidity. Protocol-owned liquidity is issued as bonds so that liquidity is bound to the protocol, maximizing liquidity and improving capital efficiency, without being subject to user supplied liquidity. Increasing liquidity depth and liquidity provision is foundational to enabling all other aspects of tokenomics.

The team explored DeFi 2.0 mechanics such as Olympus Pro’s bonding market and Gelato G-Uni to generate more protocol-owned liquidity. The result will be increased liquidity depth for the $APY token, of which all token utility is based on.

The bonding market allows $APY token holders to earn yield for providing liquidity, without exposing them to impermanent loss.

The benefits of protocol owned liquidity are more sticky liquidity, yield stabilization, and ensuring enough liquidity is available to enable and incentivize all other aspects of token utility.

Some ways the platform will generate protocol owned liquidity through different types of bonding markets are:
- Buying token liquidity in the form of APY/ETH LP tokens
- Buying platform liquidity by issuing bonds for user’s stablecoins

A proposal for deploying the Olympus Pro bonding market is available on Snapshot. $APY governance token holders can head over to vote.apy.finance to submit their vote now.

*Note: users providing UNI & BAL LP are now able to vote on governance proposals with their staked $APY tokens.


Tokenomics & Token Utility

Once the Olympus Pro bonding markets begin generating platform owned liquidity to aid in incentivizing token utility mechanics, we can implement additional token utility actions in major areas of platform operation. Expansion in each of these areas of platform operation will enable opportunities for single sided staking for $APY token holders to stake and earn rewards without the risk of impermanent loss.

Governance
In addition to the currently active governance features including the ability to vote on governance proposals, $APY token holders will have the option to lock tokens used for voting.

Vote-locking tokens will allow token holders to lock up their tokens for a set duration, earning rewards for participating in governance proposals during the time their tokens are vote locked.


Insurance
We will expand insurance token utility by rolling out a stability treasury where users can stake their $APY tokens in exchange for rewards. In the case of a shortfall emergency event, a portion of the liquidity locked up will be liquidated and used to cover the shortfall event. Insurance offers users single-sided staking for their $APY tokens and aids in covering user’s loss of funds in the rare case of an active strategy or platform exploit.

Platform-Management
Platform-management refers to the functions of the platform required for ongoing management of the system. The team has proposed several actions that can be performed by users or by Keeper style bots. By staking a predetermined amount of $APY tokens, a user can gain permission to perform platform actions and earn rewards for doing so.

The first actions to be released will include basic platform operation mechanics, such as running a daily “claim rewards” noscript. As actions increase in complexity, the required staked amount of $APY tokens to perform actions will increase, along with relative rewards.

Liquidity Provision
The Olympus Pro and Gelato G-Uni bonding markets will aid in ensuring adequate liquidity is available to sustainably incentivize all of the other token utility mechanics. This is the foundation for enabling all other elements of tokenomics.

Wrap-Up
We hope this provided a valuable insight into the exciting next phase of APY.Finance on the journey toward increased decentralization, and a self-sustaining platform, opening many opportunities for platform users and token holders alike. We appreciate your continued support as we take APY.Finance to the next level. 👾

👾 Tokenomics & Token Utility Integration Update 👾

Protocol-Owned Liquidity

In last week’s update, we discussed our roadmap for increasing token utility and protocol-owned liquidity (POL). A recent governance proposal for creating an APY bond on Olympus Pro has been successfully completed, voted in unanimously by APY token holders with over 5.3m APY tokens used to vote.

This marks a pivotal step toward increasing liquidity provision, the foundation upon which all tokenomics are built upon, and increasing liquidity depth through POL. The APY.Finance team is coordinating with OlympusDAO for integration.

Farm Integrations

Following the recently integrated farms such as curve-mim, curve-alusd, curve-ousd, curve-lusd, curve-frax and curve-musd, the team has begun to integrate Convex integrations which should increase yield across the board upon the foundation of Curve pools which have been integrated.

Users can expect completed Convex integration, and increased yield as a result, within the coming weeks. New farms will continue to be integrated throughout 2022 which will continue to increase yield and portfolio diversity.

Safety Stability Treasury

In addition to the Olympus Pro bonding market integration, the APY team will roll out a safety stability treasury which APY token holders can use for single-sided staking to earn rewards.

A portion of the liquidity here will be liquidated and used to insure platform deposits in the rare event of a platform or farm shortfall. Ultimately, this offers APY token holders an opportunity to stake their tokens to earn rewards while also covering

Tour Guide

The APY.Finance platform ‘Tour Guide’, a complete platform walkthrough will be re-enabled shortly. The Tour Guide aids in platform ease-of-use and clarification for users new to APY.Finance or DeFi. View a preview of the tour guide here.

We appreciate your continued patience and support as we continue to build upon the foundation of the APY.Finance Alpha.

👾 APY Single-Sided Staking is Coming! (Safety-Stability Treasury & Boost-Locking) 👾

Over the past couple of weeks, we’ve shared growing developments on increasing token utility through innovative tokenomics and protocol-owned liquidity. Tokenomics will offer APY token holders opportunities to earn rewards for performing various operational platform tasks, and in this case, staking the APY token.

Before we get started, we’d like to announce that Convex integrations for 7 Curve pools have been deployed, and are now increasing the total aggregate yield by over 50%. Check out the active strategies under the ‘Yield’ tab on the yield farming platform to view the updated yield distributions, and increased yield: https://apy.finance/

In this update, we aim to further outline, in more granular detail, the proposed specifications surrounding two tokenomics options that will become available. These options include single-sided staking through boost-locking for a boost to APY token liquidity mining rewards, and a safety-stability treasury to earn tokens as rewards, where funds will be used to cover shortfall events. We encourage users to check out the forum discussion threads and share thoughts and feedback on each.

Safety-Stability Treasury Staking

Overview

Provide a single-sided staking option that can be used as an insurance pool to cover lost funds in a potential shortfall event.

Proposal

- 300-500k tokens per month for single-sided staking rewards.
- Single-sided staking rewards auto-compound.
- A cooldown period of 7-10 days before rewards can be withdrawn, with a 24-hour window to withdraw before re-staking.
- A cooldown period is required to effectively ensure funds are available to liquidate in the rare case a shortfall event occurs.
- A withdrawal window prior to staking is required to ensure the cooldown cannot be artificially shortened, leading to the possibility of an exploited instant withdrawal.
- Up to 30% of the pool can be liquidated to cover a shortfall event.
- APY staked into the safety-stability treasury can still be used to participate in governance proposal voting.

Share your comments and feedback on the proposal for safety-stability treasury staking in the discussion forum here: https://forum.apy.finance/t/single-sided-staking-for-insurance-draft/137

Governance Boost-Locking (Staking)

Overview

Provide a single-sided staking option that allows users to lock APY for X time period to gain a boost to their APY token liquidity mining rewards.

Proposal

- Lock APY tokens for 1 week, 1 month, 3months, 6 months, 1 year, or 4 years to receive vlAPY.
- The longer the lock duration chosen, the more vlAPY received, leading to a greater liquidity mining rewards boost.
- 4 year (maximum) lock receives the maximum 1:1 ratio of APY to vlAPY.
- Boost only applies to APY token yield, not base yield from strategies.
- Boost-locked APY (vlAPY) can still be used to vote in governance.

Share your comments and feedback on the proposal for vote-locking in the discussion forum here: https://forum.apy.finance/t/vote-locking-apy-tokens-and-earning-a-boost-draft/138

Hopefully, these proposal drafts offered greater insight and clarity into the upcoming single-sided staking tokenomics to be implemented. The goal is to offer APY token holders various options for single-sided staking pending which avenue of tokenomics they feel will offer the most value, while simultaneously contributing to operational efficiency and increasing platform decentralization. Share your thoughts and feedback on the governance discussion forum: https://forum.apy.finance/


🎄 Happy Holidays, and happy yield-farming from the APY.Finance team. 🎄