Akropolis Weekly Updates

September 4th, 2021

Data as of September 3rd, 2021 📈: 

$14.88M TVL 2862 Members 

Hello!
Welcome everyone to another round of Akropolis weekly! Last week, we asked for your feedback. If you missed it, here’s the form to send us your thoughts. 

Flash News ⚡

• >30% APY for yvBOOST vault

• >20% APY for TriCrypto vault

• DeFi TVL on Ethereum remains above $80B TVL despite dip to $70B

• Bug doesn’t stop Ethereum from surging

• Ethereum-based products saw weekly inflow of >$17M from institutional investors

• CREAM Finance suffered an exploit on AMP/ETH market

• Twitter might be working on an ETH, BTC Tip Jar feature

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ICYMI: Opinion 💬

• NFTs, DeFi Boost for Ethereum Dims Clamor of Bitcoin Maximalists

• DeFi’s student government problem

  ETH: The World's Most Capital Efficient Asset

korpi @korpi87

"EIP-1559 sucks. After it was implemented gas prices skyrocketed!" This take is propagated a lot and I think this is far from true. Correlation is not causation. I suppose gas prices would be much higher now if we didn't have EIP-1559. How does EIP-1559 save you $ETH? 🧵👇

⟠ toast.eth 🦄 @intocryptoast

I remember in 2017 when people who had been in crypto for a couple of years announcing they had made it and were cashing out. Saying their goodbyes and GLs as they went. You just dont see that now. People these days mostly take profits back to smart contracts than to banks.

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🔥 Summer Updates 🔥

ICYMI, we published updates on our team expansion and new milestones: read Summer Updates here! Otherwise, below is the TLDR.

We’ve onboarded new team members: 

• Samuel Dare, CTO

• Alexander Butler, Product Owner

• Coco Ong, Marketing Lead

• 2 new developers

We’re still hiring another developer - please refer to the last section (For the Community) for application instructions.

During the summer, we completed these milestones:

• We moved all contracts to multisig

• We concluded the ADEL Swap

• The exploit drop page is live (Note: the $AKRO drop only covers 50% of the exploit).

We’re excited about these new milestones added to our roadmap:

• Addition of new yearn vaults + our own strategies

• Transition into full DAO

• More development on strategies

• Release of products such as Uniswap v3 position & risk management vaults

• Deployment across multiple chains such as Polygon

For more details on all of the above, read the full update here.

Here’s what we’re also working on:

• Looking through your survey responses (it’s still open for your feedback)

• More token-related marketing campaigns (like you’ve asked for! 😋)

• We are actively working on the Yearn affiliate program & delegated deposits.

• [in progress] We continue to work on new vault strategies in-house and hope to bring in new strategy makers. 🤑

  • We’re continuing to research & work on strategies on Polygon.

  • We are working with existing Yearn community members in the YFI Boarding school! 🎓

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

• [in testing] Rewards claiming coming live next week! You will be able to claim unlocked rewards once per two weeks - no thresholds, no manual distributions.

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!