Akropolis Weekly Newsletter

Vortex 101: All you need to know

Data as of November 28, 2021 📈: 

$11.88M TVL 2696 Members

Akropolis weekly is here!

Flash News ⚡

• Vortex is launched on Arbitrum & BSC testnets

• Vortex 101: all you need to know about Vortex, Basis trading & more

• Over 400 people signed up for upcoming Vortex mainnet

• Coinbase acquires crypto wallet startup BRD: The Block

• Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution

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ICYMI: Opinion 💬

• The Story of Ethereum to Become a Movie and NFT Collection

• Concentrated Liquidity Increases Risk of Impermanent Loss

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Vortex on Akropolis | How It Works

Following the announcement of Vortex, our upcoming basis trading product, we released a post to go over what basis trading is and how Vortex applies it in DeFi.

Tl;DR — Vortex efficiently manages strategy positions to collect and compound the Funding Rate from Perpetual Contracts while remaining market-neutral. Low maintenance, low(er) risk and high(er) reward — with Vortex you’re GMI.

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🌀🌀🌀 Vortex 🌀🌀🌀 is launched on Arbitrum & BSC testnets:

• Link to the Testnet is here 👉 https://testnet.akropolis.io/app/vortex

• Instructions on how to use it 📘

Feedback matters the most to us - contracts design, UI, bugs. So the main ask to our community is - TEST & REPORT!

We welcome every bit of feedback on our Discord 😺

Things we’re working on 🔧

• [in progress] We continue to work on new vault strategies & products - Vortex is not the only thing in the works 👀

  • Again, if you are an interested developer please reach out to us in our discord or telegram channels!

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For the Community 👪

We are still hiring! Please take a look at the position information below if you are interested in working with the Akropolis team!

• Solidity Developers - this role includes:

  • Identifying & implementing complex yield-generation strategies on different chains;

  • Work with development team, product owner, and designers to turn vision into a functional software while following deadlines;

  • Develop high-quality code by following best practices in the space & make it maintainable, performant, accessible and precise;

  • Perform internal code reviews & audits ;

  • Being proactive & contribute to the team engineering processes and workflow;

  • Collaborate with relevant DeFi projects to discover optimal solutions for our needs;

  • Keep yourself updated with DeFi ecosystem updates & contribute ideas relevant to the product.

If you are interested in any of these positions, please email your CV, along with your GitHub profile to team@akropolis.io with the subject line:  

Akropolis Team | “Job Title”

Fin

As always, feel free to reach out to us on our social media channels and thank you for your continued support!