Delphi Beta is live on mainnet!

We’re now ready for the next big step — pre audited launch with a $50k cap on TVL.

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Hey Akropolitans (is this a thing or we should vote for the name? 👀 )

Delphi started functioning on Rinkeby testnet around a week ago, on August 3rd. After working literally 24/7, we’re now ready for the next big step — capped pre audited launch on mainnet.

What is Delphi Beta?

Delphi Beta is an early pre audited version of Delphi on Ethereum mainnet available to the whitelisted user only. You could have earned your spot by being early supporter, Sparta user, Delphi tester or by participating in the lottery we held! More on it here.

Why capped launch?

We stood in front of the dilemma — we care a lot about security, but we also want people to try Delphi on mainnet. Following the Guarded Launch idea proposed by Ken Deeter from Electric Capital, we decided to enforce a $50,000 cap on TVL (Total Value locked) and add whitelist to reduce security risks & attack vectors, as well as minimise possible losses. While people see the hype around DeFi, they might forget about risks that come with it.

Initial functionality

Github: https://github.com/akropolisio/delphi

We are starting with three primary pools (as it is an unaudited version) — Compound USDC, Compound DAI & AKRO Staking. More pools will come with audited launch ~ Aug 24.

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What are the incentives?

As we shared earlier in Liquidity mining update, we will be allocating 1М $AKRO и 0.3% from ADEL TTS (180,000 $ADEL) to test liquidity mining in Delphi in the pre-audit capped launch.

We want to start as simple as possible, so $AKRO and $ADEL will be distributed proportionally to the liquidity supplied by users. We will be enhancing the model and adding coefficients starting from the audited launch.

How does it work?

As simple as choosing token amount & clicking on allocate/stake. That’s it; all the black magic happens on the backend side. Let’s take the Compound DAI pool as an example.

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What else is in the pipeline?

We have been heads down working on integrating different pools & protocols to give more savings & investing opportunities to the users. We completed Balancer, Curve & Uniswap integrations already (Aave is pending). Still, we’re not rolling them out at this time only due to security reasons — these protocols are pretty complex, and we need to cover the code with tests first to ensure that everything is working correctly.

  • [in progress] Further frontend enhancements

Everyone already saw our UI/UX prototype by now, but getting there still takes time — we’re working on further setting up our Subgraph to show all the data we outlined in the prototype.

  • [in progress] Security audit

We started Delphi security audit with testnet launch — on August 3. The audit is ongoing at the moment and progresses nicely as we cover more code with tests & continuously communicate with our proven auditor — Certik team.

  • [coming soon] $ADEL token generation event

We are aiming for TGE around full mainnet launch and will be sharing contract address & details as soon as it’s live.

Security notice — $ADEL has not been generated yet; please do not fall for scams. You can’t buy it anywhere — the token does not exist yet & ADEL will be locked for two weeks since full mainnet launch.

  • [coming soon] Liquidity mining update

Current LM program outlined above is a testing ground for what is yet to come — we will be working with early supporters & community members on enhancing the model for liquidity mining. You can expect more updates near audited launch which will set how we’re going to move forward starting from full mainnet.

August 2020: Akropolis Monthly Update, Part 1 of N

Delphi Rinkeby Testnet launch, $ADEL governance token & more

Acknowledgements and many thanks for valuable feedback:Daryl Lau (Coingecko), Jason Choi (Spartan Group), Andre Cronje, amazing Akropolis Community

Summary of Part 1: Testnet Launch Announcement

  • Recap

  • Delphi Origin Story

  • Delphi Value Proposition: What Problem does it Solve?

  • Delphi governance token explained

  • Token utility

  • How to earn it

  • Benefits for AKRO tokenholders

  • Liquidity Mining intro — more detailed post to follow on Wed

Recap

Our original vision was to build an experimental distributed savings/pensions fund, without dependency on a banking system and resilient to fiat economic shocks. The startup journey is never linear, so to enable us to deliver on this vision we had to build the underlying framework first. Thus, we have shipped a modular highly customizable OS to quickly spin up for-profit govern-able capital pools (DAOs) in minutes, whilst segregating smart contract risk and maintaining full developer freedom.

In the spirit of dogfooding, we first launched two capital pools:

  1. Sparta “Lending”: a DeFi community bank, providing undercollateralised lending and automated treasury management.

Current status: UI updated today, DeFi module audit completed by CertiK. Due to internal dependencies, we will be able to update shortly after Aug 20.

  1. Delphi “Savings & Investments”: Rinkeby live here and Invision prototype here (click to test drive the future UX/UI)

Current status:Rinkeby is feature-limited, we intend to push updates daily

  • Pre-audit controlled mainnet release ($50,000 TVL cap): Aug 8–12

  • Balancer and Uniswap added: Aug 10–12

  • Full mainnet release following Certik audit: Aug 20–24


Delphi Origin Story: Why we built it and why we are giving it away

Given the rise of yield farming, we have recognized a need for less tech-savvy and less active investors to participate in yield-farming and yield-generating opportunities with as little friction as possible. Getting started in DeFi can be confusing, but teams like Argent have proven what advanced DeFi can be made available to more of our community with a better UX/UI.

Despite the incredible pace of innovation in DeFi on Ethereum, one popular investment strategy from the world of personal finance and the greater crypto community that has yet to translate over to DeFi is dollar-cost averaging (DCA).

The Bitcoin community made DCA popular among exchanges like Coinbase with automated, periodic purchases, commonly referred to as “stacking sats.” Regardless of the asset, the DCA strategy has always been to invest periodically (weekly, monthly, etc) in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the price and at regular intervals. DCA effectively removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices.

Delphi would have been impossible without the encouragement and input of our community, we responded by moving from a concept presented at the IDEO Colab Product Validation Day on June 18th to a Mainnet launch in two months!


Delphi Product Vision: Adoption through better UX/UI

Delphi is an easy one-stop curated access to DeFi yield options, gas-saving and superior UX/UI for users. We are currently prioritising the development and launch of Delphi, a DeFi yield farming aggregator that offers synthetic savings and high yield “accounts” aimed at DeFi-curious users that may not have deep technical knowledge or understanding of Ethereum and crypto.

What problem does it solve? Lack of easy UX/UI options for a new wave of DeFi-curious users, and therefore a major obstacle to onboarding of new capital and adoption.

As most protocols vary their LM incentives and introduce new ones almost on a daily basis, Akropolis Delphi offers a convenient UX and cost-saving strategy by allowing users to reallocate funds from one stablecoin pool to another in one transaction inside our UI.

Contents: this section offers tracking of all your pools, APYs & harvest in one place

Features:

  • Portfolio graph which you can watch obsessively to see how much you’ve farmed

  • Breakdown of your balances depending on the pools you chose

  • Track your harvest balances in one place

  • Overall APYs for each yield source — savings, investment, DCA, harvest

Benefits:

Simple dashboard for tracking all your needs in one place. Transaction history is also on the way!

Contents: this section offers a selection of the best stablecoin pools

Features:

  • Select what pool to add liquidity into

  • Add liquidity in all selected pools in a single transaction

  • Rebalance between pools in a single transaction

  • [pending] Get notified when you need to rebalance

Benefits:

Simple allocation and rebalancing between different pools depending on your needs & appetite for yield harvesting — all in one transaction.

Contents: this section focuses on non-stablecoin pools: you can get all-in or DCA into (and out of*). Higher risk-reward pools with higher volatility — higher potential capital gains and losses.

Features:

  • Schedule a dollar-cost-average (weekly for now, due to gas costs) automatic investment into select pools

  • [pending] DCA out of selected pools

  • [pending] GSN integration

  • Stablecoin balance is earning APY in Curve, invested balance is earning APY + capital gains/losses from BTC and ETH and other tokens performance

  • Default currency USDC

Benefits:

Reduces number of high-yield pools to add liquidity into, removes inconvenience (high waiting time, gas costs, poor UX) of re-allocating funds from one pool to another, as protocol LMs incentives change -> search for better yield farming economics made cheaper.


ADEL: A No-Sale Product Governance Token

Note: ADEL token has no intrinsic value or set price, and is created entirely to facilitate community governance by active Delphi users.

Delphi has been built as a response to community requests. To continue iterating and tightening its product-market fit, the ability to incentivise user input and to give the community a genuine sense of ownership and fair distribution is key. Therefore, we propose a launch of the product-specific token, ADEL (Akropolis Delphi Token), inspired by and taking into account learnings from $YFI: there is no-sale for ADEL, it can only be earnt through liquidity provision of stablecoins, AKRO and other selected tokens and active governance participation.

Motivation:

  • AKRO governance token was launched in July 2019, before governance tokens were all the rage. It was designed to govern the under-collateralized lending and savings pool now known as Sparta.

  • Targeted incentivisation: our original AKRO distribution: 50% of the current circulating supply and ca.21% of TTS (Total Token Supply) are on CEXes. Therefore, it is extremely challenging to unequivocally target our Delphi users with AKRO, given AKRO’s historical token distribution.

  • User Rewards vs Dilution: In order to keep AKRO as the main token capable to provide adequate/comparable rewards to its user base, given our market capitalization on the day of writing, we would not only have to introduce substantial inflation and thus dramatically change our fixed supply (ref. AAVE very reasonable 20%).

Assumptions:

We see the initial user base comprising three main groups:

  • Initial ADEL contributors will be predominantly AKRO tokenholders;

  • Stablecoin LPs moving from existing platforms;

  • New DeFi-curious users;

Guiding Principles:

  • We cannot prejudice AKRO tokenholders vis-a-vis ADEL

  • ADEL distribution has to be as fair & wide as possible

  • Combination of short-term and long-term incentives to create a sustainable community.

Token Parameters:

Note: Please note that all token details are subject to change before the mainnet launch and can be changed by governance thereafter. We welcome your constructive feedback and will be seeding a community governance forum very soon!

  • Not just a governance token — ADEL will have a shared claim on any future fees of Delphi (exit/entry fees, performance fees, exchange referral fees, etc.)

  • 60,000,000 ADEL will be minted as fixed supply and distributed linearly over 6 months. Community governance will be able to amend ADEL monetary policy to introduce inflation/deflation/elasticity of supply.

  • 95% goes to active users/LPs incl. community rewards [unlocked from week 2]

  • 5% development, maintenance and audit [locked for 3 months, 3 months vesting thereafter]

  • A product governance DAO will be created before or shortly after full mainnet launch


What’s Next for Delphi?

  1. FAQ, bug bounty & liquidity mining details: next few days

  2. UI completed: by August 20, with daily updates throughout

  3. Balancer & Uniswap pools added to Delphi by 10–12 August

  4. Controlled Mainnet with LTV and per-user cap, scheduled by 10–15 August

  5. Rewards contracts for AKRO & ADEL deployed by 15–20 August

  6. Governance and Forum Launch:

  • AragonDAO will be created for Delphi users [limitation: no vote delegation]

  • Delphi governance will comprise Technical and Product Council. Product Council application is open to active community members who are willing to make their identity known and can be completed here.

  • Community will be able to vote on the following development vectors:

 —  Further incentives for Delphi users

 —  Product development

— Adding / removing pools for savings, investments and DCA

— Adding / removing protocols for integration & LM

Akropolis Protocol is Live

Security audit, initial product functionality, upcoming features & incentives

June ends just right! The moment we’ve all been waiting for is here. After long days of development and security audits, we are excited to announce that Akropolis protocol has launched on the Ethereum mainnet! Security audit, initial product spec, redesign, liquidity mining incentives, UI/UX enhancements, new products and more in this article.

Important things first — security audit

We’re proud to share that our framework for launching financial DAOs — AkropolisOS — is fully audited by Certik team (feel free to examine the security audit here). TL;DR: potential critical issues are resolved and fixed, all minor bugs are fixed. We will be announcing a bug bounty shortly and welcome any early feedback and feature requests, the most comprehensive feedback and most innovative feature requests will be awarded $1000 in AKRO on a monthly basis.

AkropolisOS is an unopinionated, modular and upgradeable framework built with OpenZeppelin SDK and rooted in Facade software design pattern. Aimed at a developer rather than the end-user audience, AkropolisOS empowers developers to quickly set up and collectively manage DAOs with entirely customisable user incentives, automated liquidity provision enabled by the bonding curve mechanism, programmatic liquidity and treasury management. AkropolisOS provides lego-like scalability without the loss of coherence and security during upgrades.

What can you build on AkropolisOS?

We believe in the value of dogfooding, so below are our two DeFi products built on AkropolisIO, that serve to address two important needs:

  • Sparta — Use Case 1: access to undercollateralised loans;

  • Delphi— Use Case 2: automated passive investing and income wrapped in one easy to use product.

Combined, they offer two main native DeFi equivalents of core financial services: insurable savings (variable and fixed-rate savings deposits) and access to credit, without reliance on the traditional banking system. Our future work will go some way towards reducing systemic risk in native DeFi products.

Today, however, we focus on the Sparta v0.1 release.

Sparta — What is it and how does it work?

Sparta is the first implementation on AkropolisOS.

Sparta is an Undercollateralised Loans and Savings Pool designed to deliver access to undercollateralised credit, and provide a combination of native yield and “interest rate income” to its members.

We wanted to launch as soon as possible after the audit is completed, so Sparta v0.1 naturally has restricted functionality, with the new UX/UI and integration with an automatic rate rebalancer (RAY<>Curve) coming up.

So what can you do as a Sparta v0.1 user? Things that our members can do:

  • Contribute funds to the pool and hold internal pTokens (pool shares). Their price is determined by the bonding curve and changes as a function of liquidity amount in the pool. It is designed to allow for secondary liquidity management and our version of “ragequit”;

  • Take out an undercollateralised loans from the pool (providing only 50% of collateral, i.e. 50% LTV or Loan-to-Value);

  • Lend funds to members of the pool by staking in favour of their loan request and earn higher APR (please remember higher APR reflects higher risk).

All early participation in Sparta v0.1 will be counted towards the forthcoming liquidity mining programme. You can check the FAQ for interacting with the Sparta here.

Keen yield farmers can customise Sparta v0.1 to create a true farming co-operative, with larger farmers backing smaller one’s trading proposals, feeding the loan and trade proceeds into a jointly managed co-op treasury. A word of caution: whilst this is an entirely possible use case, it is high-risk and repayment of the trade proceeds won’t be entirely trustless in this particular use case.

Upcoming updates

Over the next days, we aim to introduce several important features and additions (roadmap here). More on it below:

  • [in progress] Liquidity mining incentives

In addition to governance use of AKRO, we will be introducing additional incentives for the product users. All pool members will receive AKRO in accordance with the liquidity they provided to the pool (passively) and to lenders & borrowers in accordance with loan sum. More details will be announced soon, but liquidity mining rewards begin to accrue at launch!

  • [in progress] UI/UX enhancement

Any project in DeFi sphere (and Web3 in general) faces a lot of limitations and UI/UX problems. We’re not an exception here — as a lot of other projects, we want to improve user experience and make our Pool as simple as possible to use. As most of the functionality is already there, we have started to work on UI/UX improvements following the latest design trends and in-depth usability tests. We have already redesigned our website (take a look at akropolis.io!) and are now working on the product prototypes — check them out!

  • [in progress, pending audit] DeFi yield rebalancing module

We want to give users as many incentives to join us as we can — additional passive income is one of them. We have developed a module which utilizes Robo-Advisor for Yield from Staked.Us to rebalance between such protocols as AaveCompounddYdXFulcrum (disabled atm) to earn higher passive yield. Another part of rebalancing module is Curve.fi which rebalances between different stablecoins to provide higher APR. At the moment, funds will be sent to one of them (based on higher yield after all transaction fees) upon the deposit.

  • [in progress] Gas Network Station support

We are well aware that one of the big limitations to user adoption is gas fees — you always need to have a small amount of ETH to pay for transactions, and gas price is subject to network load & can skyrocket any time. To solve this problem, we plan to integrate OpenGSN, which allows paying transaction fees in the token which person sends (in our case — in DAI).

  • [upcoming] Insurance via NexusMutual/Opyn

We all know by now that security audit alone does not guard against security issues and risks that are yet to be discovered as ecosystem evolves. Alongside with bug bounty, we will be offering an opportunity to purchase insurance coverage against hacks & code issues via Nexus Mutual or Opyn.

  • [upcoming] Governance portal

We’re building Akropolis Protocol with decentralization in mind. To be able to react quickly to any potential issue, Akropolis will keep the ownership of the protocol in this initial launch phase. As a part of the gradual decentralization process, we will be setting up a governance portal where AKRO token holders will be able to vote for different protocol parameters, such as loan & APR sizes, yield sources, bonding curve parameters, etc.

  • [upcoming] USDT, USDC, RSV stablecoins support

In addition to DAI, we want to add support of different SoV stablecoins to enable passive yield accumulation and loan issuance in various tokens.

In the near future, we will add USDT, USDC and RSV stablecoins to Sparta.

Upcoming Updates / Liquidity Mining

We will wrap this up by touching upon liquidity mining incentives and how they feed into our product.

Given the liquid nature of capital in DeFi, most of the yield-farming capital that exploded recently still represents largely speculative capital and is therefore non-sticky, as has been demonstrated by the recent capital inflows into CompoundBalancerCurve, and others. Whilst yield-farming activity does not reflect long-term holders and dedicated network participants, we aim to reward them through our liquidity mining incentives.

Liquidity mining is not a new idea, but it has been given a new lease of life and acceptance after the COMP-induced yield-farming phenomenon. Liquidity mining is essentially incentivising liquidity provisioning to a protocol through native token rewards. Well-structured incentives allow liquidity to flourish and attract greater trading volumes. Whether this is the most cost-effective bootstrapping tool, is still subject to debate in the ecosystem.

Our view is that the current surge in DeFi APYs will subside; only the projects with unique moats will be able to capture the fickle super-fluid capital that prevails in DeFi.

Liquidity profiles matter for liquidity mining incentives. The graph below should be helpful in unpacking them.

We allocated half of the Foundation tokens or 20% of total token supply (TTS) to liquidity mining incentives, which you can see on the chart in pink. Team tokens unlock over the next 24 months on a monthly basis and represent a minor part of the TTS. Thus, the circulating supply of AKRO reaches 100% by summer 2022. For full details, please see our transparency disclosure at Messari. The details of our liquidity mining incentives will be published over the next few days.

Akropolis General Update: March 2020

Audit progress, product development, Polkahub grant completion, upcoming plans and more.

We’ve spent a lot of hours enhancing, optimizing and auditing our smart contracts with the Certik team. Given the recent events around hacks and potential vulnerabilities in the DeFi ecosystem, we decided to spend even more time on the audit than previously planned — even if that means postponing the mainnet launch until April. At the moment, we’re in the final stages of the audit awaiting the final audit report — you can always check and test actual smart contracts in our Github repo.

More about upcoming plans below.

Product Update: Lending Pool

While waiting for the final audit report, we continue to enhance our testnet version of the pool. What has been done:

1. We continue the stress testing and beta testing of our pool. More info about this in the Beta-testing announcement.

2. Added Distribution section to the testnet version UI.

What’s the Distribution section about? After the loans are paid back, the pool receives interest distributed pro-rata between all pool members, in accordance with their share of funds in the pool. This process is done once per 24 hours, and now it’s viewable in our UI. Track how much the pool has earned and how much will you receive from participating. To claim your share, you will just need to click the withdraw button.

3. Added the possibility to withdraw your loan proposal before the loan activation. Withdrawing will automatically return your stake and the stakes of all loan supporters.

4. Added the possibility to pay back the loan with your available pool balance. Previously, you would need to pay from your wallet directly.

5. We want to prevent possible manipulations and attack vectors on the pool liquidity and loans, so we implemented an additional functionality connected with the loans:

  • In case of default, the borrower funds in the pool are used to repay the loan.

  • Each borrower’s withdrawal is used partially to repay interest on the loan/s.

For more information about the pool, check our presentation at ETHCC and Intercon — check it out here.

Technical update

As always, you can check our Ethereum and Substrate roadmap here. Track our progress with each card, including links to key repositories and deployments.

Ethereum roadmap

As mentioned, we will soon launch our mainnet.

  • [completed] Launched Testnet v0.5 on Rinkeby testnet.

  • [completed] Launched a new stable version of our dApp to work with Testnet v0.5, accessible at pool.akropolis.io.

  • [in progress] Product smart contract audit with CertiK.

Substrate roadmap

As the Parity team is preparing for the mainnet launch of Polkadot, we’re all set to become part of the ecosystem once the launch happens. You can check all the updates here.

During March, we worked tirelessly on updating and optimizing our AkropolisOSChain:

  • [completed] Updated to the new Substrate version with the support of off-chain workers and staking. When we started to build our chain in 2019, we coded and implemented a lot of basic things ourselves — as the ecosystem developed, we started using solutions built by the Substrate developers and community.

  • [completed] Started to use the Substrate off-chain workers. It helps connect the basic http/https requests with on-chain storage, which works with all the Substrate modules. This helped us stabilize our Oracle system used to obtain actual token prices.

  • [completed] Updated price fetching oracle. For our chain, we needed a module that would ping different APIs periodically asking for the actual token prices. We took Jimmy Chu’s PoC as a basis for our Oracle implementation.

Open Source Development

Polkahub

We successfully completed the 3rd milestone of our Web3 Foundation grant.

As a part of the final milestone, we set up a Polkahub Web Portal. You use it to discover live parachains and/or try setting up your own node — in no time, with one command line.

Web portal — https://polkahub.org

Full documentation — https://github.com/akropolisio/polkahub-monorepo

Polkahub workshop  

We’re currently awaiting feedback from the Polkadot and Substrate communities — we hope they will find the platform useful and easy to work with. Please fill this form if you’re interested to use it and have any ideas, suggestions or want to integrate with Polkahub in any way.

What’s next?

The product launch on mainnet is postponed a little due to the thorough and deep security audit we’re going through. However, we’re almost done and awaiting the final report. In the next months, besides the mainnet launch, we will be concentrating on different DeFi integrations, UI/UX and design improvements, as well as researching different rebalancing and risk scoring solutions.

April-May

  • [Substrate roadmap] [Roadmap Complete] Sparta release;

  • [Ethereum roadmap] Investment module development, audit and integration — Compound at first, all platform deposits are converted into cDAI instantly;

  • [Ethereum roadmap] Updating UI/UX of the dApp based on the best practices in space and users feedback.

  • [Ethereum roadmap] Integration of Aave & Fulcrum.

  • [Ethereum roadmap] AkroDAO development and launch to manage the pool. Creating a governance module with AKRO token.

  • [Ethereum roadmap] Rebalancing module audit and integration.

  • [Ethereum roadmap] Analysis of potential risk scoring solutions.

Akropolis: February 2020 Update

Development update, upcoming mainnet launch, news and more!

Hey everyone!

As we’re heading towards shipping our product on mainnet, we’re rolling out our newsletter updates - subscribe to them here.

February updates

Lending pool:

  • We have been developing and enhancing our Lending pool. After adding new features and thorough testing, a new version of the frontend has been launched - find it at https://pool.akropolis.io/.

  • Please check ouк Beta-testing announcement, it has a link to the FAQ and will guide you through the process :)

  • We are preparing for the soft mainnet launch of our product in March. This means that we’re going to open access to the pool gradually - ping us on Discord to make sure you get a spot!

Technical Risk Management:

In the light of the recent DeFi exploits, we have decided to double down on mitigating technical risks. These are the steps we’re taking: 

  • Thorough security audit with Certik;

  • Modelling of different scenarios to test contracts logic and find possible flaws;

  • Implementing inherent limitations to the protocol that minimise the potential attack surface;

  • Implementing a 10-day-delay for any changes made through governance vote;

  • Setting up bug bounty and working with white-hat hackers to identify DeFi-specific attack vectors.

Substrate & Open Source Development

Our DAO implementation on Substrate is progressing. We’re preparing for the Thebes and Sparta Testnets launches.

On the OS Dev front, an announcement on Polkahub: we completed our 2nd milestone ahead of schedule. We are now days away from completing the 3rd milestone and launching Polkahub in full force for everyone!

Upcoming plans

Besides everything we mentioned, in March, we will be working on:

  • Continuous beta-testing of our platform — both in terms of code logic and UX;

  • Integrating with DefiZap, Compound, iEarn, Uniswap, etc.

  • AkroDAO launched to manage the pool. Creating a governance module with the AKRO token.

  • Aztec SDK integration in order to anonymise incoming funds and distributions into/from the pool by the pool members (since Aztec SDK is still in alpha, we intend to integrate it into our Rinkeby testnet temporarily.)

If you wish to know more about each of the above - dive into our Development Update here!

Events

ETHDenver

At the beginning of February, we presented Polkahub at the Polkadot meetup organized during ETHDenver. Our presentation was well-received, and we may turn it into a coding session once Polkahub is fully live, in March.

Overall, it was a pretty interesting meetup - many questions from the attendees revolved around Polkadot view on shaping the ecosystem, especially primitives for #DeFi. 

As you know, we’re one of the first teams who started to work on bringing DeFi to Polkadot ecosystem - and we actively track the ecosystem development too. Within our Substrate chain, we rely heavily on the most popular pallets and frames from the Substrate ecosystem. This gives us the opportunity to bootstrap our nodes with community-tested modules in no time and concentrate on bringing more value to the Polkadot ecosystem.

Check out the photos here:

In other news - we will be speaking at ETHCC in Paris this Wednesday! Our CEO, Ana Andrianova, will give a talk about “Undercollateralized loans and DAOs: how to combine these?” and describe our upcoming product on stage. 

Mark your calendars - March 4th, 5:40 PM and check out the full agenda - it rivals one of Devcon! :) 

That’s all for today, thanks for reading - and don’t forget to sign up for upcoming newsletters!

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