👾 APY.Finance Weekly Update 2/5 - 2/11 👾
🗳 Smart Contracts
✅ We’ve refactored the apy-core repo to reduce redundancies between V1 and V2 code. This reduces the attack surface of the contracts and reduces the technical debt from upgrading.
✅ Over this next week, we’ll convert various apy-core noscripts into sequences using the DeFi Legos toolset, starting with integration tests.
✅Our engineers are working on an mAPT deploy noscript and integrating it with Chainlink aggregator. We have implemented a getTVL function that we can now test with our own deployed FluxAggregator. This is the final piece of our Chainlink integration that secures us against flash loan attacks.
✅ The team is evaluating various capital allocation strategies.
___
🌐Front-End
🔹 The team has been focused on developing functional components that support the added functionality in the upcoming Alpha release.
🔹 We’ve made developments on rewards, staking and liquidity mining, resulting in components that are easier to build upon and debug, and drive a simpler user experience.
🔹 Our team is writing media queries for the display of metrics on strategy and rewards pages so mobile users are able to easily view the state of their portfolio.
🔹 We are implementing a full “tour-guide” mentioned in an earlier update, which will give users a complete step-by-step walkthrough of the software. This will help make the software extremely simple and easy to use, even those brand new to yield farming.
🗳 Smart Contracts
✅ We’ve refactored the apy-core repo to reduce redundancies between V1 and V2 code. This reduces the attack surface of the contracts and reduces the technical debt from upgrading.
✅ Over this next week, we’ll convert various apy-core noscripts into sequences using the DeFi Legos toolset, starting with integration tests.
✅Our engineers are working on an mAPT deploy noscript and integrating it with Chainlink aggregator. We have implemented a getTVL function that we can now test with our own deployed FluxAggregator. This is the final piece of our Chainlink integration that secures us against flash loan attacks.
✅ The team is evaluating various capital allocation strategies.
___
🌐Front-End
🔹 The team has been focused on developing functional components that support the added functionality in the upcoming Alpha release.
🔹 We’ve made developments on rewards, staking and liquidity mining, resulting in components that are easier to build upon and debug, and drive a simpler user experience.
🔹 Our team is writing media queries for the display of metrics on strategy and rewards pages so mobile users are able to easily view the state of their portfolio.
🔹 We are implementing a full “tour-guide” mentioned in an earlier update, which will give users a complete step-by-step walkthrough of the software. This will help make the software extremely simple and easy to use, even those brand new to yield farming.
👾 APY.Finance Weekly Update 2/12 - 2/18 👾
This week’s primary focus is continued development of the Alpha release in adherence to our internal product roadmap with a heavy emphasis on security
Smart Contracts
Finalizing key smart contract implementations including the APY manager, Chainlink adapter, and the APY DeFi legos toolset.
To mitigate increased gas costs, we will include further investor and advisor distributions using the claims contract.
For this month only, there will be a 0.6% supply vest to some of our early advisors that helped make this project possible.
Security Audits
We are currently preparing for security audits by finalizing mission-critical smart contract components, so our codebase can be frozen and handed off to security auditors.
Front-Running Mitigation
As we work on Chainlink integration, we’ve been focused on verifying its security by placing a variety of controls in place to prevent users from abusing potential front-running opportunities.
Staking & Rewards
Our front-end has completed a new transaction flow logic on staking for the rewards page. This will result in a simpler and more intuitive user experience.
Withdrawals
We’ve fully implemented our new withdrawal process mentioned in an earlier update and integrated it with our front-end, including a feature that will allow users to instantly redeem and withdraw their earnings.
➡️ Read the in-depth weekly update here: https://medium.com/apyfinance/apy-finance-weekly-update-2-12-2-18-1c6d8a8b8f45
This week’s primary focus is continued development of the Alpha release in adherence to our internal product roadmap with a heavy emphasis on security
Smart Contracts
Finalizing key smart contract implementations including the APY manager, Chainlink adapter, and the APY DeFi legos toolset.
To mitigate increased gas costs, we will include further investor and advisor distributions using the claims contract.
For this month only, there will be a 0.6% supply vest to some of our early advisors that helped make this project possible.
Security Audits
We are currently preparing for security audits by finalizing mission-critical smart contract components, so our codebase can be frozen and handed off to security auditors.
Front-Running Mitigation
As we work on Chainlink integration, we’ve been focused on verifying its security by placing a variety of controls in place to prevent users from abusing potential front-running opportunities.
Staking & Rewards
Our front-end has completed a new transaction flow logic on staking for the rewards page. This will result in a simpler and more intuitive user experience.
Withdrawals
We’ve fully implemented our new withdrawal process mentioned in an earlier update and integrated it with our front-end, including a feature that will allow users to instantly redeem and withdraw their earnings.
➡️ Read the in-depth weekly update here: https://medium.com/apyfinance/apy-finance-weekly-update-2-12-2-18-1c6d8a8b8f45
Medium
Smart Contracts
This week’s primary focus is development of the Alpha release in adherence to our internal product roadmap with an emphasis on security.
👾 APY.Finance Weekly Update 2/19 - 2/25 👾
With the final days of February approaching, our team is getting into the most technical, development heavy portion of our sprint.
Smart Contracts
This week was crucial for smart contract development in preparation for upcoming security audits, with the highest priority given to features related to security and ensuring the absence of code and financial vulnerabilities.
Front-End
We are beginning to tie up front-end development to perform UX testing, where engineers will seek feedback from stakeholders and users to ensure we are streamlining the user experience to be as simple and intuitive as possible. Testers will include newcomers and experienced DeFi yield farmers, another step in our commitment to making APY.Finance the platform of choice for individual investors to simplify complex DeFi tasks.
Security Audits
Finally, we’ve finalized the full scope of our security audit to pass off to auditors. We are working with auditors to ensure the release of a product that will safeguard users from present and potential risks.
⬇️ Read the in-depth weekly update ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-2-19-2-25-557fab783ceb?source=collection_detail----958b0d6bedbb-----0-----------------------
With the final days of February approaching, our team is getting into the most technical, development heavy portion of our sprint.
Smart Contracts
This week was crucial for smart contract development in preparation for upcoming security audits, with the highest priority given to features related to security and ensuring the absence of code and financial vulnerabilities.
Front-End
We are beginning to tie up front-end development to perform UX testing, where engineers will seek feedback from stakeholders and users to ensure we are streamlining the user experience to be as simple and intuitive as possible. Testers will include newcomers and experienced DeFi yield farmers, another step in our commitment to making APY.Finance the platform of choice for individual investors to simplify complex DeFi tasks.
Security Audits
Finally, we’ve finalized the full scope of our security audit to pass off to auditors. We are working with auditors to ensure the release of a product that will safeguard users from present and potential risks.
⬇️ Read the in-depth weekly update ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-2-19-2-25-557fab783ceb?source=collection_detail----958b0d6bedbb-----0-----------------------
Medium
APY.Finance Weekly Update (2/19–2/25)
With the final days of February approaching, our team is getting into the most technical, development heavy portion of our sprint…
👾 Weekly Update 2/26 - 3/4 👾
🚀 Alpha Release Update
This week, the APY engineering team put the finishing touches on APY smart contracts and ancillary functions ahead of the scheduled audit.
📈 Progress on remaining tasks:
[80% Complete] Chainlink integration
[80% Complete] APY manager development
[60% Complete] DeFi legos development
[70% Complete] APY dashboard analytics
[_] User experience testing
[_] Complete security audit
[_] Mainnet launch
🌐 Front-End
The APY product team has gathered feedback from the community about our brand and design. Our frontend engineers have since updated our UI to provide a cleaner look while still being true to our ‘cyberpunk’ roots. View a preview of the refreshed front-end dashboard in the full weekly update.
🗳 Smart Contracts
This week, our engineers continued to tie off efforts to ensure a secure Alpha product. We’ve implemented a system to support manipulation-resistant, yet accurate calculations for values such as TVLs. Pricing is ultimately handled by Chainlink, while our flexible architecture allows rapid updating of the balance computations across the system.
🔮 Looking Ahead: Cross-Chain Solutions
Our mission at APY.Finance has always been to make yield accessible. We are always looking to the future to see how we can simplify yield farming for our users. As such, we’ve been evaluating potential cross-chain solutions such as BSC or L2 scaling solutions.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-2-26-3-4-171a09eb5ab7
🚀 Alpha Release Update
This week, the APY engineering team put the finishing touches on APY smart contracts and ancillary functions ahead of the scheduled audit.
📈 Progress on remaining tasks:
[80% Complete] Chainlink integration
[80% Complete] APY manager development
[60% Complete] DeFi legos development
[70% Complete] APY dashboard analytics
[_] User experience testing
[_] Complete security audit
[_] Mainnet launch
🌐 Front-End
The APY product team has gathered feedback from the community about our brand and design. Our frontend engineers have since updated our UI to provide a cleaner look while still being true to our ‘cyberpunk’ roots. View a preview of the refreshed front-end dashboard in the full weekly update.
🗳 Smart Contracts
This week, our engineers continued to tie off efforts to ensure a secure Alpha product. We’ve implemented a system to support manipulation-resistant, yet accurate calculations for values such as TVLs. Pricing is ultimately handled by Chainlink, while our flexible architecture allows rapid updating of the balance computations across the system.
🔮 Looking Ahead: Cross-Chain Solutions
Our mission at APY.Finance has always been to make yield accessible. We are always looking to the future to see how we can simplify yield farming for our users. As such, we’ve been evaluating potential cross-chain solutions such as BSC or L2 scaling solutions.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-2-26-3-4-171a09eb5ab7
Medium
APY.Finance Weekly Update (2/26–3/4)
Alpha Release Update
👾 Weekly Update 3/5 - 3/11 👾
This week at APY.Finance we are finalizing smart-contract development to freeze our code for the scheduled security audit, completing front-end dashboard analytics, and beginning private user experience testing.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[90% Complete] Chainlink integration
[85% Complete] APY dashboard analytics
[60% Complete] DeFi Legos development
[10% Complete] User experience testing
[In-Progress] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
To ensure that we are taking full advantage of upcoming security audits, we are taking a comprehensive approach in presenting all systems for the auditors, and developing noscripts to assist auditors in quickly staging various testing environments to test the system’s security with a wide array of parameter permutations.
APY Engineers are also putting the finishing touches on the Chainlink integration, as we transition from price feeds quoted in ETH to price feeds quoted in USD. This will lead to more reliable and consistent calculations, as we are no longer tied to the volatility of ETH’s price fluctuation
🌐 Front-End
An update to the Dashboard was completed to enable the display of platform earnings over time. We’ll continue to iterate on improving the dashboard’s clarity, including adding additional metrics, including a user’s individual earnings over time.
With the completion of the platform features on schedule, we will switch gears to complete the user experience test to validate the new features, and update the APY Landing page.
💻 New Hire
We've onboarded a new back-end engineer to assist in developmental updates to our backend infrastructure and rewards system. This hire frees up our smart contract engineers to focus on core platform development.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-5-3-11-9f6c65beb706
This week at APY.Finance we are finalizing smart-contract development to freeze our code for the scheduled security audit, completing front-end dashboard analytics, and beginning private user experience testing.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[90% Complete] Chainlink integration
[85% Complete] APY dashboard analytics
[60% Complete] DeFi Legos development
[10% Complete] User experience testing
[In-Progress] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
To ensure that we are taking full advantage of upcoming security audits, we are taking a comprehensive approach in presenting all systems for the auditors, and developing noscripts to assist auditors in quickly staging various testing environments to test the system’s security with a wide array of parameter permutations.
APY Engineers are also putting the finishing touches on the Chainlink integration, as we transition from price feeds quoted in ETH to price feeds quoted in USD. This will lead to more reliable and consistent calculations, as we are no longer tied to the volatility of ETH’s price fluctuation
🌐 Front-End
An update to the Dashboard was completed to enable the display of platform earnings over time. We’ll continue to iterate on improving the dashboard’s clarity, including adding additional metrics, including a user’s individual earnings over time.
With the completion of the platform features on schedule, we will switch gears to complete the user experience test to validate the new features, and update the APY Landing page.
💻 New Hire
We've onboarded a new back-end engineer to assist in developmental updates to our backend infrastructure and rewards system. This hire frees up our smart contract engineers to focus on core platform development.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-5-3-11-9f6c65beb706
Medium
APY.Finance Weekly Update (3/5–3/11)
This week at APY.Finance we are finalizing smart-contract development to freeze our code for the scheduled security audit, completing…
👾 Weekly Update 3/12 - 3/18 👾
This week, APY.Finance completed core project development and began handing assets to security auditors for comprehensive feedback and evaluation, a major milestone in preparation for the upcoming Alpha release. We’ve begun an initial review of the codebase with the auditing team, and together we’ve evaluated the full scope of the security audit.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[95% Complete] APY dashboard analytics
[65% Complete] DeFi Legos development
[15% Complete] User experience testing
[In-Progress] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
This week, our developers have created a set of audit testing noscripts to give auditors the ability to set up local Chainlink nodes to test frontrunning conditions and perform common transactions to test the platform in different states.We aim to provide a user-friendly interface for auditors to more easily understand how the platform behaves and perform the most comprehensive audit possible.
🌐 Front-End
As the platform development wraps-up, we shifted our focus toward product testing. Our front-end engineers have continued to simplify the front-end, bringing it closer to a finished state in preparation for UX testing. To support testers from outside of our locality, we have set up a remote UX testing solution complete with a forked mainnet service
We’ve also made additions to the front-end including a fully functional subgraph, with USD as the new quote currency. Our front-end engineers have also added functional improvements to the system, including a liquidity mining claims walkthrough for testing with the rewards service, and streamlining the platform features, such as removing unnecessary or redundant pages.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-12-3-18-9c89b37dd56a
This week, APY.Finance completed core project development and began handing assets to security auditors for comprehensive feedback and evaluation, a major milestone in preparation for the upcoming Alpha release. We’ve begun an initial review of the codebase with the auditing team, and together we’ve evaluated the full scope of the security audit.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[95% Complete] APY dashboard analytics
[65% Complete] DeFi Legos development
[15% Complete] User experience testing
[In-Progress] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
This week, our developers have created a set of audit testing noscripts to give auditors the ability to set up local Chainlink nodes to test frontrunning conditions and perform common transactions to test the platform in different states.We aim to provide a user-friendly interface for auditors to more easily understand how the platform behaves and perform the most comprehensive audit possible.
🌐 Front-End
As the platform development wraps-up, we shifted our focus toward product testing. Our front-end engineers have continued to simplify the front-end, bringing it closer to a finished state in preparation for UX testing. To support testers from outside of our locality, we have set up a remote UX testing solution complete with a forked mainnet service
We’ve also made additions to the front-end including a fully functional subgraph, with USD as the new quote currency. Our front-end engineers have also added functional improvements to the system, including a liquidity mining claims walkthrough for testing with the rewards service, and streamlining the platform features, such as removing unnecessary or redundant pages.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-12-3-18-9c89b37dd56a
Medium
APY.Finance Weekly Update (3/12–3/18)
This week, APY.Finance completed core project development and began handing assets to security auditors for comprehensive feedback and…
👾 Weekly Update 3/19 - 3/25 👾
The team crossed a major milestone this week, as our smart contracts were submitted to auditors for evaluation. Following the completion of the audit testing framework and documentation for security auditors, the team leans heavily into user experience testing.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[75% Complete] DeFi Legos development
[25% Complete] User experience testing
[10% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳Smart-Contracts
We’ve fully completed and integrated audit noscripts which will allow auditors to quickly and easily execute commands, easily set up test environments, and test user actions. We’ve also delivered in-depth documentation walking them through the software and commands, which assist auditors to accelerate the audit process.
With the audit underway, our smart contract engineers at APY have turned their attention to updating our DeFi Legos toolkit, which will allow us to make changes to various strategies and properties on-the-fly.
🌐Front-End
Our front-end engineers have spent this week focused on user experience testing. We set up services to allow remote UX tests with stakeholders, giving them an experience identical to the one users will experience on the live mainnet build.
User testing is critical in evaluating user’s sticking points and helps our engineers to evaluate where our tour guide can have the most impact in guiding users through the system, without slowing down their actions.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-19-3-25-ae8bb393f673
The team crossed a major milestone this week, as our smart contracts were submitted to auditors for evaluation. Following the completion of the audit testing framework and documentation for security auditors, the team leans heavily into user experience testing.
📈 Progress on remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[75% Complete] DeFi Legos development
[25% Complete] User experience testing
[10% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳Smart-Contracts
We’ve fully completed and integrated audit noscripts which will allow auditors to quickly and easily execute commands, easily set up test environments, and test user actions. We’ve also delivered in-depth documentation walking them through the software and commands, which assist auditors to accelerate the audit process.
With the audit underway, our smart contract engineers at APY have turned their attention to updating our DeFi Legos toolkit, which will allow us to make changes to various strategies and properties on-the-fly.
🌐Front-End
Our front-end engineers have spent this week focused on user experience testing. We set up services to allow remote UX tests with stakeholders, giving them an experience identical to the one users will experience on the live mainnet build.
User testing is critical in evaluating user’s sticking points and helps our engineers to evaluate where our tour guide can have the most impact in guiding users through the system, without slowing down their actions.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-19-3-25-ae8bb393f673
Medium
APY.Finance Weekly Update 3/19–3/25
The team crossed a major milestone this week, as our smart contracts were submitted to auditors for evaluation. Following the completion…
👾 Weekly Update 3/26 - 4/1 👾
The security audit for the APY.Finance Alpha is currently underway. We’ve shifted our focus toward planning and enabling decentralized governance, and have begun extensive front-end testing with user experience testers and smart contracts on Kovan. In preparation for Alpha, our team has also completely revamped our landing page, shifting the conversation from what APY is building, to what new users can do with APY today.
📈 Progress on Prerequisite Alpha Launch Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[80% Complete] DeFi Legos development
[30% Complete] User experience testing
[20% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
With the security audit underway, we turn our attention to designing the architecture of the governance system. Once governance is fully decentralized, the $APY token will hold much more power and utility, as token holders will be able to participate in the capital deployment to various strategies, opening the door to more innovative token economics and community engagement. Read more about our governance roadmap planning in the full newsletter linked below.
🌐 Front-End
Our front-end engineers spent the week focused on testing the front-end with Kovan, which gives us a more accurate depiction of how the system will perform in realistic mainnet conditions as opposed to a local forked mainnet. The team has also been hard at work launching a completely revamped landing page. The landing page redesign enhances the platform's professionality and usability.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-26-4-1-a4029a4ecf3f
The security audit for the APY.Finance Alpha is currently underway. We’ve shifted our focus toward planning and enabling decentralized governance, and have begun extensive front-end testing with user experience testers and smart contracts on Kovan. In preparation for Alpha, our team has also completely revamped our landing page, shifting the conversation from what APY is building, to what new users can do with APY today.
📈 Progress on Prerequisite Alpha Launch Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[80% Complete] DeFi Legos development
[30% Complete] User experience testing
[20% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳 Smart Contracts
With the security audit underway, we turn our attention to designing the architecture of the governance system. Once governance is fully decentralized, the $APY token will hold much more power and utility, as token holders will be able to participate in the capital deployment to various strategies, opening the door to more innovative token economics and community engagement. Read more about our governance roadmap planning in the full newsletter linked below.
🌐 Front-End
Our front-end engineers spent the week focused on testing the front-end with Kovan, which gives us a more accurate depiction of how the system will perform in realistic mainnet conditions as opposed to a local forked mainnet. The team has also been hard at work launching a completely revamped landing page. The landing page redesign enhances the platform's professionality and usability.
⬇️ Read more in our full weekly newsletter ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-3-26-4-1-a4029a4ecf3f
Medium
APY.Finance Weekly Update 3/26–4/1
The security audit for the APY.Finance Alpha is currently underway. We’ve shifted our focus toward planning and enabling decentralized…
👾 Weekly Update 4/2 - 4/8 👾
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[85% Complete] DeFi Legos development
[35% Complete] User experience testing
[30% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳 Governance
Our engineers have been running tests on the first phase of centrally managed governance. For the Alpha , governance will initially be centralized to secure the platform and more easily roll out more features, however, we will transition to a multi-phased approach managed by $APY governance token holders. To help ensure the platform’s security and integrity of APY’s token economics. Improvements in this functionality will enable even faster and more cost effective strategy deployment, allowing APY to take advantage of new stablecoin farms that offer high yield and low risk as they become available.
🚀Scaling
Looking ahead, the APY.Finance engineers have begun identifying scaling solutions to support our growing community. The three main ways we are looking to scale are strategies for yield on upcoming DeFi protocols such as Uniswap v3, Layer 2 networks to lower gas fees, and cross-chain bridges to farm yield on other blockchains such as BSC.
We are evaluating each of these options based on their overall level of risk, security, and impact post go-live.
🌐 Front-End
This week the front-end engineers refactored several components on the platform, making how we communicate strategies, and how their metrics and analytics are displayed on the front-end easier to understand and update.
To wrap things up, our previously mentioned revamped landing page will be completed this week, and the update is planned to go live by the end of next week.
⬇️ Read more in our full weekly update ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-4-2-4-8-3e0141e5ea91
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[85% Complete] DeFi Legos development
[35% Complete] User experience testing
[30% Complete] Complete security audit
[In-Progress] Mainnet launch
🗳 Governance
Our engineers have been running tests on the first phase of centrally managed governance. For the Alpha , governance will initially be centralized to secure the platform and more easily roll out more features, however, we will transition to a multi-phased approach managed by $APY governance token holders. To help ensure the platform’s security and integrity of APY’s token economics. Improvements in this functionality will enable even faster and more cost effective strategy deployment, allowing APY to take advantage of new stablecoin farms that offer high yield and low risk as they become available.
🚀Scaling
Looking ahead, the APY.Finance engineers have begun identifying scaling solutions to support our growing community. The three main ways we are looking to scale are strategies for yield on upcoming DeFi protocols such as Uniswap v3, Layer 2 networks to lower gas fees, and cross-chain bridges to farm yield on other blockchains such as BSC.
We are evaluating each of these options based on their overall level of risk, security, and impact post go-live.
🌐 Front-End
This week the front-end engineers refactored several components on the platform, making how we communicate strategies, and how their metrics and analytics are displayed on the front-end easier to understand and update.
To wrap things up, our previously mentioned revamped landing page will be completed this week, and the update is planned to go live by the end of next week.
⬇️ Read more in our full weekly update ⬇️
https://medium.com/apyfinance/apy-finance-weekly-update-4-2-4-8-3e0141e5ea91
Medium
APY.Finance Weekly Update (4/2 -4/8)
Progress on Remaining Tasks:
👾 Weekly Update 4/9 - 4/15 👾
📈 Progress on Remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[90% Complete] DeFi Legos development
[50% Complete] User experience testing
[40% Complete] Complete security audit
[In-Progress] Mainnet launch
🚀 Yield Farm Strategies
We’ve previously asked the community for feedback on yield farms that have the potential for being options on APY.Finance. After careful evaluation of the risk and reward of the candidates, we will add the first options to the platform. Our ongoing investments in infrastructure make it possible to rapidly and safely add new farms.
A few of the protocols we are currently testing and vetting are Alchemix, Vesper, xSigma, TrueFi, UMA, FRAX, KeeperDAO, and Stabilize.
🗳 Smart Contracts
We are working collaboratively with Halborn on our security audit, and to make security auditing as a practice more comprehensive than ever before. Several recent hacks have shown that financial threat models are incredibly important in DeFi. We believe these potential threats should be evaluated carefully within all comprehensive audits in addition to evaluating for code exploits. We have worked with Halborn to establish a code and financial threat audit that models key transactions at scale.
APY.Finance will be the first project Halborn will review using this new extensive auditing model, but we don’t believe we will be the last, as we believe this process will soon become the industry standard.
🌐 Front-End
Our front-end team approaches the final stages of completion of our new landing page, which will emphasize onboarding new users by facilitating connections to the platform. We’ve also continued UX testing with users of varied skill levels to ensure we are taking a balanced approach and covering all our bases.
📈 Progress on Remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[90% Complete] DeFi Legos development
[50% Complete] User experience testing
[40% Complete] Complete security audit
[In-Progress] Mainnet launch
🚀 Yield Farm Strategies
We’ve previously asked the community for feedback on yield farms that have the potential for being options on APY.Finance. After careful evaluation of the risk and reward of the candidates, we will add the first options to the platform. Our ongoing investments in infrastructure make it possible to rapidly and safely add new farms.
A few of the protocols we are currently testing and vetting are Alchemix, Vesper, xSigma, TrueFi, UMA, FRAX, KeeperDAO, and Stabilize.
🗳 Smart Contracts
We are working collaboratively with Halborn on our security audit, and to make security auditing as a practice more comprehensive than ever before. Several recent hacks have shown that financial threat models are incredibly important in DeFi. We believe these potential threats should be evaluated carefully within all comprehensive audits in addition to evaluating for code exploits. We have worked with Halborn to establish a code and financial threat audit that models key transactions at scale.
APY.Finance will be the first project Halborn will review using this new extensive auditing model, but we don’t believe we will be the last, as we believe this process will soon become the industry standard.
🌐 Front-End
Our front-end team approaches the final stages of completion of our new landing page, which will emphasize onboarding new users by facilitating connections to the platform. We’ve also continued UX testing with users of varied skill levels to ensure we are taking a balanced approach and covering all our bases.
👾 Weekly Update 4/16 - 4/22 👾
📈 Progress on Remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[60% Complete] User experience testing
[50% Complete] Complete security audit
🗳 Smart Contracts & Security
As we continue to collaborate with Halborn on our Alpha security audit, we further explore potential exploits and attack surfaces and appropriate preventative measures for security risks such as mitigating front-running opportunities. To address this, we’re considering implementing an NFT LP token which would not only provide us protection against these financial threats, but would also simplify our system overall.
🌐 Front-End
This week in front-end Alpha improvements, we focused on implementing additional features to allow users to view key analytics such as currently deployed strategies, and the current TVL without the prerequisite of connecting to Metamask. This increased visibility will help reduce friction of onboarding new users, and tie into our mission of making DeFi accessible to newcomers.
We’ve also continued UX testing with users of varying skill levels to evaluate key points of friction for all users, and have begun implementing changes aimed at making the platform even simpler and more intuitive to navigate.
🚀 Upcoming Alpha Release
We are aiming to launch the full Alpha product once the security audit has been completed, and any feedback from the audit has been addressed. We are intentionally devoting a significant portion of our resources toward APY’s fundamentals, including platform structural fundamentals as well as those that tie into our mission to simplify DeFi for users of all skill levels by making the platform accessible, and also ensuring the product has air-tight security so you can be confident when yield farming with APY.Finance. We look forward to sharing the upcoming Alpha release and appreciate your continued support in the meanwhile.
📈 Progress on Remaining tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[60% Complete] User experience testing
[50% Complete] Complete security audit
🗳 Smart Contracts & Security
As we continue to collaborate with Halborn on our Alpha security audit, we further explore potential exploits and attack surfaces and appropriate preventative measures for security risks such as mitigating front-running opportunities. To address this, we’re considering implementing an NFT LP token which would not only provide us protection against these financial threats, but would also simplify our system overall.
🌐 Front-End
This week in front-end Alpha improvements, we focused on implementing additional features to allow users to view key analytics such as currently deployed strategies, and the current TVL without the prerequisite of connecting to Metamask. This increased visibility will help reduce friction of onboarding new users, and tie into our mission of making DeFi accessible to newcomers.
We’ve also continued UX testing with users of varying skill levels to evaluate key points of friction for all users, and have begun implementing changes aimed at making the platform even simpler and more intuitive to navigate.
🚀 Upcoming Alpha Release
We are aiming to launch the full Alpha product once the security audit has been completed, and any feedback from the audit has been addressed. We are intentionally devoting a significant portion of our resources toward APY’s fundamentals, including platform structural fundamentals as well as those that tie into our mission to simplify DeFi for users of all skill levels by making the platform accessible, and also ensuring the product has air-tight security so you can be confident when yield farming with APY.Finance. We look forward to sharing the upcoming Alpha release and appreciate your continued support in the meanwhile.
👾 APY.Finance Weekly Update (4/23 - 4/29) 👾
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[65% Complete] User experience testing
[55% Complete] Complete security audit
💮 Spring Cleaning
We are currently evaluating our processes in a retrospective and streamlining where possible. As a result, we’ve decided to shift our development processes toward a more structured agile approach which will allow more flexibility and cross-collaboration between our team’s engineers during development sprints, a crucial step in streamlining our workflow.
🌐 Marketing
As a result of this new agile organization structure, we are also evaluating our marketing best practices to help prepare a shift toward a growth marketing strategy surrounding the upcoming Alpha release. We’ve decided to shift the content of each week’s newly released weekly update to encompass last week’s development updates, rather than our current method of covering everything up until the day of the weekly update’s release. This will allow us to release thorough updates more efficiently.
Next week, our update will cover the latest developments that have been in progress for the current week, such as NFT LP tokens and the latest changes based on the UX feedback we’ve received.
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[65% Complete] User experience testing
[55% Complete] Complete security audit
💮 Spring Cleaning
We are currently evaluating our processes in a retrospective and streamlining where possible. As a result, we’ve decided to shift our development processes toward a more structured agile approach which will allow more flexibility and cross-collaboration between our team’s engineers during development sprints, a crucial step in streamlining our workflow.
🌐 Marketing
As a result of this new agile organization structure, we are also evaluating our marketing best practices to help prepare a shift toward a growth marketing strategy surrounding the upcoming Alpha release. We’ve decided to shift the content of each week’s newly released weekly update to encompass last week’s development updates, rather than our current method of covering everything up until the day of the weekly update’s release. This will allow us to release thorough updates more efficiently.
Next week, our update will cover the latest developments that have been in progress for the current week, such as NFT LP tokens and the latest changes based on the UX feedback we’ve received.
👾 APY.Finance Weekly Update (4/25 - 5/1) 👾
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[75% Complete] User experience testing
[60% Complete] Complete security audit
[10% Complete] Security Updates
🗳 Smart Contracts
This week, our engineers have been developing security updates based on security analysis that has been conducted on our codebase. As our security audit with Halborn progresses, they are shifting their focus from assessing the smart contract security to the evaluative stage of the economic audit which will cover all of our bases and ensure we are able to deliver an air-tight and secure Alpha.
It is our mission to ensure that the APY.Finance Alpha is not only highly functional, but also as secure as possible upon release to ensure investor confidence when yield farming with APY.Finance. We are choosing to prioritize these platform fundamentals such as security over speed of delivery, which will result in a much more complete and rock-solid platform upon launch.
🌐 Front-End
After performing thorough UX tests with users of varied skill levels, our front-end team has implemented changes to the overall design and functionality based on tester feedback and frequently-recurring sticking points. As a result, we’ve completely refactored the new dashboard with an emphasis on simplicity, clarity, and usability.
Initially, many testers found it difficult to locate the “Staking” function on our original design, which led us to refactor the front-end with a home page that clearly shares each distinct function. With the new and improved layout, and an increase in helpful tooltips, users of all skill levels will have a clearer understanding of how to use, and more intuitively navigate the software.
We will continue to improve the front-end based on user feedback from UX tests, as well real-time community feedback once the software is released. We appreciate your continued patience, feedback, and support in anticipation of the upcoming Alpha launch. 🚀
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[75% Complete] User experience testing
[60% Complete] Complete security audit
[10% Complete] Security Updates
🗳 Smart Contracts
This week, our engineers have been developing security updates based on security analysis that has been conducted on our codebase. As our security audit with Halborn progresses, they are shifting their focus from assessing the smart contract security to the evaluative stage of the economic audit which will cover all of our bases and ensure we are able to deliver an air-tight and secure Alpha.
It is our mission to ensure that the APY.Finance Alpha is not only highly functional, but also as secure as possible upon release to ensure investor confidence when yield farming with APY.Finance. We are choosing to prioritize these platform fundamentals such as security over speed of delivery, which will result in a much more complete and rock-solid platform upon launch.
🌐 Front-End
After performing thorough UX tests with users of varied skill levels, our front-end team has implemented changes to the overall design and functionality based on tester feedback and frequently-recurring sticking points. As a result, we’ve completely refactored the new dashboard with an emphasis on simplicity, clarity, and usability.
Initially, many testers found it difficult to locate the “Staking” function on our original design, which led us to refactor the front-end with a home page that clearly shares each distinct function. With the new and improved layout, and an increase in helpful tooltips, users of all skill levels will have a clearer understanding of how to use, and more intuitively navigate the software.
We will continue to improve the front-end based on user feedback from UX tests, as well real-time community feedback once the software is released. We appreciate your continued patience, feedback, and support in anticipation of the upcoming Alpha launch. 🚀
👾 APY.Finance Weekly Update (5/2 -5/8) 👾
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[75% Complete] User experience testing
[65% Complete] Complete security audit
[15% Complete] Security Updates
🗳 Smart Contracts
Our security auditor, Halborn, has been preparing a first draft of the initial security audit. Further, our engineers have spent this week securing the system against race conditions, a vital security risk when using oracles. We often discuss oracle solutions in our weekly updates, as they are a critical and complex part of our project, and their importance cannot be underestimated.
Oracle failures continue to be the biggest risk-factor in the DeFi industry, so we are paying extra attention to potential security risks. Consequently, our smart contract engineers have turned their attention toward evaluating potential edge-cases where an oracle can introduce risk, and implementing a system in which we can best mitigate them. APY.Finance is heavily focused on delivering air-tight platform security to ensure investors will safely be able to invest in low-risk yield farms in preparation for the upcoming Alpha release.
🌐 Front-End
Continued UX testing has given our front-end team valuable insight into how users of varying skill levels use our platform. We’ve spent countless hours evaluating user’s sticking points which enabled us to revise the front-end in a manner that is much simpler and more intuitive to use. Last week, we paused UX testing as the front-end team shifted their focus toward updating core design components based on our learnings. We’ll continuously update and improve the user experience and flow based on user feedback over the course of the next couple of weeks.
📈 Progress on Remaining Tasks:
[100% Complete] APY manager development
[100% Complete] Chainlink integration
[100% Complete] APY dashboard analytics
[95% Complete] DeFi Legos development
[75% Complete] User experience testing
[65% Complete] Complete security audit
[15% Complete] Security Updates
🗳 Smart Contracts
Our security auditor, Halborn, has been preparing a first draft of the initial security audit. Further, our engineers have spent this week securing the system against race conditions, a vital security risk when using oracles. We often discuss oracle solutions in our weekly updates, as they are a critical and complex part of our project, and their importance cannot be underestimated.
Oracle failures continue to be the biggest risk-factor in the DeFi industry, so we are paying extra attention to potential security risks. Consequently, our smart contract engineers have turned their attention toward evaluating potential edge-cases where an oracle can introduce risk, and implementing a system in which we can best mitigate them. APY.Finance is heavily focused on delivering air-tight platform security to ensure investors will safely be able to invest in low-risk yield farms in preparation for the upcoming Alpha release.
🌐 Front-End
Continued UX testing has given our front-end team valuable insight into how users of varying skill levels use our platform. We’ve spent countless hours evaluating user’s sticking points which enabled us to revise the front-end in a manner that is much simpler and more intuitive to use. Last week, we paused UX testing as the front-end team shifted their focus toward updating core design components based on our learnings. We’ll continuously update and improve the user experience and flow based on user feedback over the course of the next couple of weeks.
👾 APY.Finance Weekly Update (5/9 - 5/15) 👾
After launching our initial liquidity mining rewards platform in October 2020, core platform development has steadily progressed through planning, development, and our current security auditing stage, one of the final major milestones necessary for the upcoming Alpha launch.
As development has progressed, we’ve continued to update our “Progress Remaining” in an attempt to accurately estimate our progress on various subtasks. In this update, we’ve defined the remaining tasks for Alpha to provide a clearer, transparent view into development.
We’ve aligned this current progress report closely to our development efforts and may add new tasks as required. Our goal is simple: to release the most stable, secure, and low-risk, high-yield farm that investors, both new and experienced, will be able to confidently park their money into, and expect a safe yield. We appreciate your continued support and patience in anticipation for the upcoming release.
📈 Progress on Tasks Remaining for Alpha
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [75% Complete] Oracle Emergency Systems
Portfolio Management
- [30% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [20% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [35% Complete] UX Updates
🏷 Oracles & Pricing
Oracles & Pricing refers to our efforts in proactively safeguarding the system’s interactions with third party oracles. Yield aggregators such as APY.Finance rely heavily on third party oracle solutions for pulling accurate pricing, TVLs, and more.
There are many complexities and vulnerabilities around properly integrating and safeguarding an oracle solution, which is why we have been focusing our efforts to integrate proper security measures that will mitigate security and financial risks such as front-running attacks, corrupt data, and complete price failures.
Failure to properly secure the system against any one of these threats, which are becoming frequently more common, can result in huge losses of yield. We are also implementing emergency systems to ensure fail safes are in place in the rare case of an extreme security risk involving a third party integration.
📂 Portfolio Management
Portfolio Management refers to all of the components we are building off-chain to support the platform. This includes everything the APY team, and eventually decentralized governance, will need to manage and support a fully risk-optimized portfolio. Further development on portfolio management will result in a fully implemented, and more robust governance system where individual traders will be able to contribute and vote on strategies, and further optimize the deployed strategy portfolios, resulting in higher yield with less risk.
🔐 Security
Security refers to our efforts to secure our platform against attacks directly affecting our system. Currently, we have an ongoing audit with Halborn, whom we’ve been working collaboratively with. Our smart contract developers have created various noscripts that allow the Halborn team to quickly and easily test the system in various states, and evaluate all possible security vulnerabilities.
Through security updates, our engineers are updating parts of the system based on feedback from our ongoing security audit and internal security analysis.
🌐 User Interface
Finally, User Interface progress refers to front-end UX developments based on testing, and implementation of updates based on user feedback. At this stage in our development cycle, and weeks into our UX tests and updates, our process for User Interface development typically follows this structure:
After launching our initial liquidity mining rewards platform in October 2020, core platform development has steadily progressed through planning, development, and our current security auditing stage, one of the final major milestones necessary for the upcoming Alpha launch.
As development has progressed, we’ve continued to update our “Progress Remaining” in an attempt to accurately estimate our progress on various subtasks. In this update, we’ve defined the remaining tasks for Alpha to provide a clearer, transparent view into development.
We’ve aligned this current progress report closely to our development efforts and may add new tasks as required. Our goal is simple: to release the most stable, secure, and low-risk, high-yield farm that investors, both new and experienced, will be able to confidently park their money into, and expect a safe yield. We appreciate your continued support and patience in anticipation for the upcoming release.
📈 Progress on Tasks Remaining for Alpha
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [75% Complete] Oracle Emergency Systems
Portfolio Management
- [30% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [20% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [35% Complete] UX Updates
🏷 Oracles & Pricing
Oracles & Pricing refers to our efforts in proactively safeguarding the system’s interactions with third party oracles. Yield aggregators such as APY.Finance rely heavily on third party oracle solutions for pulling accurate pricing, TVLs, and more.
There are many complexities and vulnerabilities around properly integrating and safeguarding an oracle solution, which is why we have been focusing our efforts to integrate proper security measures that will mitigate security and financial risks such as front-running attacks, corrupt data, and complete price failures.
Failure to properly secure the system against any one of these threats, which are becoming frequently more common, can result in huge losses of yield. We are also implementing emergency systems to ensure fail safes are in place in the rare case of an extreme security risk involving a third party integration.
📂 Portfolio Management
Portfolio Management refers to all of the components we are building off-chain to support the platform. This includes everything the APY team, and eventually decentralized governance, will need to manage and support a fully risk-optimized portfolio. Further development on portfolio management will result in a fully implemented, and more robust governance system where individual traders will be able to contribute and vote on strategies, and further optimize the deployed strategy portfolios, resulting in higher yield with less risk.
🔐 Security
Security refers to our efforts to secure our platform against attacks directly affecting our system. Currently, we have an ongoing audit with Halborn, whom we’ve been working collaboratively with. Our smart contract developers have created various noscripts that allow the Halborn team to quickly and easily test the system in various states, and evaluate all possible security vulnerabilities.
Through security updates, our engineers are updating parts of the system based on feedback from our ongoing security audit and internal security analysis.
🌐 User Interface
Finally, User Interface progress refers to front-end UX developments based on testing, and implementation of updates based on user feedback. At this stage in our development cycle, and weeks into our UX tests and updates, our process for User Interface development typically follows this structure:
UX testing > Feedback Analysis > Planning & Design > Implementation (Templating) > Functionality & Smart Contract Integration > UX Testing
In just the past couple of weeks, our front-end engineers have made significant progress in updating pivotal parts of the UX that will result in a much cleaner user experience. Our team is implementing new components and functionality that will make the UX more responsive overall.
We’ll continue to update our progress report to reflect our ongoing progress, as we believe in transparency and open communication with our supportive community. Further, you can expect an increasing ramp-up in our communication and marketing efforts as we inch closer to the nearing Alpha launch. Upwards and onwards!
In just the past couple of weeks, our front-end engineers have made significant progress in updating pivotal parts of the UX that will result in a much cleaner user experience. Our team is implementing new components and functionality that will make the UX more responsive overall.
We’ll continue to update our progress report to reflect our ongoing progress, as we believe in transparency and open communication with our supportive community. Further, you can expect an increasing ramp-up in our communication and marketing efforts as we inch closer to the nearing Alpha launch. Upwards and onwards!
👾 APY.Finance Weekly Update (5/16 - 5/22) 👾
📈 Progress on Tasks Remaining for Alpha
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [80% Complete] Oracle Emergency Systems
Portfolio Management
- [40% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [25% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [40% Complete] UX Updates
🏷 Oracles & Pricing / 🔐 Security
The importance of security on the APY Finance platform is highlighted by the recent market volatility, network congestion, and hacks on other DeFi projects which have resulted in massive financial loss within the industry. We are happy to announce that our platform has proactively been designed to withstand these types of risk vulnerabilities, and we’ve continued security analysis and development to ensure the platform remains secure against new security risks that may arise in the future.
The recent market drop in particular demonstrates the importance of strengthening our price oracle implementation. Just last week, we saw extreme market volatility resulting in network congestion, much longer transaction cycles, and gas fees skyrocketing. Oracle solutions are an essential, yet complex, part of many DeFi projects, including APY.Finance. They can sometimes struggle to quickly and accurately pull pricing data under these strenuous circumstances, greatly increasing the potential for front-running attacks and other financial exploits.
These rare, yet detrimental, occurrences are exactly the types of security risks our team is proactively protecting against by building a fundamentally sound and secure system that is designed to withstand these types of vulnerabilities for years to come.
🌐 User Interface
This week, our front-end engineers continued to use feedback from UX tests to upgrade our platform. Our team is building and upgrading components for a new, updated layout with a much more streamlined user experience.
[UX testing] > [Feedback Analysis] > [Planning & Design] > [Implementation (Templating)] > [Functionality & Smart Contract Integration] > [UX Testing]
- Our User Interface Development Cycle
Our current method of structured UI development with cycles of UX testing followed by analysis, planning, design, and implementation allows us to create a very user-focused product aimed directly at the needs of the individual investor, and is resulting in a much more tailored platform than we would otherwise have with a top-down product design approach.
Our end-goal is to create the most intuitive and user-friendly platform on the market that will save you valuable time by not only allowing you to farm with distributed liquidity across various vetted projects, but also to make yield farming accessible with simplified and easily digestible portfolio metrics just a single click away.
📈 Progress on Tasks Remaining for Alpha
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [80% Complete] Oracle Emergency Systems
Portfolio Management
- [40% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [25% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [40% Complete] UX Updates
🏷 Oracles & Pricing / 🔐 Security
The importance of security on the APY Finance platform is highlighted by the recent market volatility, network congestion, and hacks on other DeFi projects which have resulted in massive financial loss within the industry. We are happy to announce that our platform has proactively been designed to withstand these types of risk vulnerabilities, and we’ve continued security analysis and development to ensure the platform remains secure against new security risks that may arise in the future.
The recent market drop in particular demonstrates the importance of strengthening our price oracle implementation. Just last week, we saw extreme market volatility resulting in network congestion, much longer transaction cycles, and gas fees skyrocketing. Oracle solutions are an essential, yet complex, part of many DeFi projects, including APY.Finance. They can sometimes struggle to quickly and accurately pull pricing data under these strenuous circumstances, greatly increasing the potential for front-running attacks and other financial exploits.
These rare, yet detrimental, occurrences are exactly the types of security risks our team is proactively protecting against by building a fundamentally sound and secure system that is designed to withstand these types of vulnerabilities for years to come.
🌐 User Interface
This week, our front-end engineers continued to use feedback from UX tests to upgrade our platform. Our team is building and upgrading components for a new, updated layout with a much more streamlined user experience.
[UX testing] > [Feedback Analysis] > [Planning & Design] > [Implementation (Templating)] > [Functionality & Smart Contract Integration] > [UX Testing]
- Our User Interface Development Cycle
Our current method of structured UI development with cycles of UX testing followed by analysis, planning, design, and implementation allows us to create a very user-focused product aimed directly at the needs of the individual investor, and is resulting in a much more tailored platform than we would otherwise have with a top-down product design approach.
Our end-goal is to create the most intuitive and user-friendly platform on the market that will save you valuable time by not only allowing you to farm with distributed liquidity across various vetted projects, but also to make yield farming accessible with simplified and easily digestible portfolio metrics just a single click away.
APY.Finance Announcements pinned «👾 APY.Finance Weekly Update (5/16 - 5/22) 👾 📈 Progress on Tasks Remaining for Alpha Oracles & Pricing - [60% Complete] Chainlink Monitoring - [80% Complete] Oracle Emergency Systems Portfolio Management - [40% Complete] Gnosis Safe - [40% Complete] Administration…»
👾 APY.Finance Weekly Update (5/23 - 5/29) 👾
📈 Alpha Release Progress
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [85% Complete] Oracle Emergency Systems
Portfolio Management
- [50% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [30% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [45% Complete] UX Updates
🏷 Oracles & Pricing
Our engineers are currently implementing our oracle adapter and emergency failsafe. This fallback adapter will use a similar design that Aave uses to ensure our platform is protected against rare, yet dire, instances of a complete oracle failure, and allow a graceful fallback.
📂 Portfolio Management
This week, we’ve fully integrated Gnosis Safe which will securely batch strategy executions. Further, we’ve created the scope of work for future Gnosis Safe automation and monitoring. Transitioning to a more automated monitoring solution will require less manual maintenance and open the doors for a more nimble platform with greater levels of decentralization.
🔐 Security
We are currently anticipating the first draft of our security audit from Halborn. This security audit is a crucial step toward locking off platform security, a prerequisite to the upcoming Alpha launch.
Further, the recent market fallout and grievous hack on Pancake Bunny has led our engineers to observe in real-time how different oracles on other projects handle the effects of market conditions such as network congestion, and slowly updating price feeds, which have proven they may create the opportunity for financial exploits such as flash-loan and front-running attacks.
While we’ve proactively been building a fundamentally secure system that is protected against these vulnerabilities, our engineers continue to evaluate case studies, and analyze these market conditions to consider the effects the recent market fallout has had on DeFi projects and oracle infrastructures. We’ve also investigated how our own oracle, Chainlink, handled these market conditions, and we’ve confidently secured our own platform against financial exploits at the whim of oracle failures.
🌐 User Interface
Our front-end engineers have completed templating of the components we’ve updated based on feedback from UX testers. We’ve spent the rest of the week updating the functionality of newly displayed metrics on our updated layout, such as projections on investor’s rewards per day, percentage of market share, and portfolio growth.
This will ensure all of the information you need to know about your portfolio is just a single click away, saving you valuable time, and displayed in a manner that users of all skill levels will be able to understand and utilize effectively.
📈 Alpha Release Progress
Oracles & Pricing
- [60% Complete] Chainlink Monitoring
- [85% Complete] Oracle Emergency Systems
Portfolio Management
- [50% Complete] Gnosis Safe
- [40% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [30% Complete] Security Updates
User Interface
- [50% Complete] UX Testing
- [45% Complete] UX Updates
🏷 Oracles & Pricing
Our engineers are currently implementing our oracle adapter and emergency failsafe. This fallback adapter will use a similar design that Aave uses to ensure our platform is protected against rare, yet dire, instances of a complete oracle failure, and allow a graceful fallback.
📂 Portfolio Management
This week, we’ve fully integrated Gnosis Safe which will securely batch strategy executions. Further, we’ve created the scope of work for future Gnosis Safe automation and monitoring. Transitioning to a more automated monitoring solution will require less manual maintenance and open the doors for a more nimble platform with greater levels of decentralization.
🔐 Security
We are currently anticipating the first draft of our security audit from Halborn. This security audit is a crucial step toward locking off platform security, a prerequisite to the upcoming Alpha launch.
Further, the recent market fallout and grievous hack on Pancake Bunny has led our engineers to observe in real-time how different oracles on other projects handle the effects of market conditions such as network congestion, and slowly updating price feeds, which have proven they may create the opportunity for financial exploits such as flash-loan and front-running attacks.
While we’ve proactively been building a fundamentally secure system that is protected against these vulnerabilities, our engineers continue to evaluate case studies, and analyze these market conditions to consider the effects the recent market fallout has had on DeFi projects and oracle infrastructures. We’ve also investigated how our own oracle, Chainlink, handled these market conditions, and we’ve confidently secured our own platform against financial exploits at the whim of oracle failures.
🌐 User Interface
Our front-end engineers have completed templating of the components we’ve updated based on feedback from UX testers. We’ve spent the rest of the week updating the functionality of newly displayed metrics on our updated layout, such as projections on investor’s rewards per day, percentage of market share, and portfolio growth.
This will ensure all of the information you need to know about your portfolio is just a single click away, saving you valuable time, and displayed in a manner that users of all skill levels will be able to understand and utilize effectively.
APY.Finance Announcements pinned «👾 APY.Finance Weekly Update (5/23 - 5/29) 👾 📈 Alpha Release Progress Oracles & Pricing - [60% Complete] Chainlink Monitoring - [85% Complete] Oracle Emergency Systems Portfolio Management - [50% Complete] Gnosis Safe - [40% Complete] Administration & Governance…»
👾 APY.Finance Weekly Update 5/30 - 6/5 👾
📈 Alpha Release Progress
Oracles & Pricing
[60%Complete] Chainlink Monitoring
[90%Complete] Oracle Emergency Systems
Portfolio Management
[50% Complete] Gnosis Safe
[40% Complete] Administration & Governance Tools
Security
[90% Complete] Security Audit
[40% Complete] Security Updates
User Interface
[50% Complete] UX Testing
[60% Complete] UX Updates
🔗 Revamped Landing Page
We’re excited to announce the release of our new APY.Finance landing page intended to clearly communicate our value propositions to new users, and easily onboard them once the Alpha build is live. Take a look at the new landing page here: https://apy.finance/
🏷 Oracles & Pricing
This week, our smart contract engineers have completed developing our oracle adapter and emergency failsafe. This failsafe will protect our system in the case of extreme oracle failures, and mitigate financial exploits as a result of these oracle failures, a threat demonstrated by recent hacks and financial exploits of other DeFi projects. We’ve begun testing and integration of this oracle adapter, and anticipate its completion by the end of next week.
📂 Portfolio Management
Our team is currently developing deployment noscripts that will handle the latest changes around the Liquidity Provider Safe, and the aforementioned oracle adapter. These changes are critical in preparing the system for mainnet testing which will begin next week.
🔐 Security
We’ve received and have begun to review the initial first draft of Halborn’s security audit of our platform. This marks a major milestone toward the upcoming release of our Alpha build. Following this security audit draft, we will proceed with mainnet testing as we continue to collaborate with Halborn on the security audit.
🌐 User Interface
This week, our front-end engineers have integrated the new pages and forms that have been recently developed as a result of feedback received from UX testers to make the system more intuitive and comprehensive. We’ve also verified that staking and liquidity mining claims are now properly integrated and fully functional with the updated front-end.
These UI changes won’t be reflected on the current APY.Finance staking dashboard, but will be released along with the entirety of the Alpha build. We’re excited to share some of the progress we’ve made on the revamped user interface, you can expect to see some screenshots of the upcoming build in next week’s update.
📈 Alpha Release Progress
Oracles & Pricing
[60%Complete] Chainlink Monitoring
[90%Complete] Oracle Emergency Systems
Portfolio Management
[50% Complete] Gnosis Safe
[40% Complete] Administration & Governance Tools
Security
[90% Complete] Security Audit
[40% Complete] Security Updates
User Interface
[50% Complete] UX Testing
[60% Complete] UX Updates
🔗 Revamped Landing Page
We’re excited to announce the release of our new APY.Finance landing page intended to clearly communicate our value propositions to new users, and easily onboard them once the Alpha build is live. Take a look at the new landing page here: https://apy.finance/
🏷 Oracles & Pricing
This week, our smart contract engineers have completed developing our oracle adapter and emergency failsafe. This failsafe will protect our system in the case of extreme oracle failures, and mitigate financial exploits as a result of these oracle failures, a threat demonstrated by recent hacks and financial exploits of other DeFi projects. We’ve begun testing and integration of this oracle adapter, and anticipate its completion by the end of next week.
📂 Portfolio Management
Our team is currently developing deployment noscripts that will handle the latest changes around the Liquidity Provider Safe, and the aforementioned oracle adapter. These changes are critical in preparing the system for mainnet testing which will begin next week.
🔐 Security
We’ve received and have begun to review the initial first draft of Halborn’s security audit of our platform. This marks a major milestone toward the upcoming release of our Alpha build. Following this security audit draft, we will proceed with mainnet testing as we continue to collaborate with Halborn on the security audit.
🌐 User Interface
This week, our front-end engineers have integrated the new pages and forms that have been recently developed as a result of feedback received from UX testers to make the system more intuitive and comprehensive. We’ve also verified that staking and liquidity mining claims are now properly integrated and fully functional with the updated front-end.
These UI changes won’t be reflected on the current APY.Finance staking dashboard, but will be released along with the entirety of the Alpha build. We’re excited to share some of the progress we’ve made on the revamped user interface, you can expect to see some screenshots of the upcoming build in next week’s update.