Akropolis Weekly Updates

August 27th, 2021

Data as of August 27th, 2021 📈: 

$14.39M TVL      2,879 Members       

Hello!
Welcome everyone to another round of Akropolis weekly! From this week onwards, we’ll be throwing in some highlights that have happened in both the crypto and DeFi landscape within the last week. Let us know what you think about Akropolis so far, and what else you’d like to see in this short community feedback form! (Thank you!)

Flash News ⚡

• 24% APY for TriCrypto vault 🔥

• 31% APY for yvBOOST vault 🔥

• DeFi TVL hits $83.21B TVL (Ethereum) & $157B TVL (Total ATH) 

• Global crypto adoption grew 881% over the last year

• U.S. leads DeFi adoption

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ICYMI: Opinion 💬

• How Financial Technology Can Help Move Us Closer to Wealth Equality

• Why Ethereum is clearly coming ahead of Bitcoin

• Changes in the world: Why are traditional financial elites devoting themselves to crypto finance?

Tyler Reynolds @tbr90

Technological innovation is deflationary And as the cost of the next marginal unit of innovation decreases with each step forward, it makes perfect sense why we have 0% rates It’s become so cheap to run and operate massive companies There isn’t enough place for capital to go

BΞN @__DeFi__

Ethereum revenue vs. market cap

Michiko @michiko_0x

Had a meeting yesterday with a private bank based in asia. It seems like private banks are courting crypto hnwi, positioning themselves as the place where you put your fiat in when you cash out from crypto.

“DeFi & Fintech Roundtable: Who eats who?” by TheDefiant

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Product Updates 🛠

• We released another UI/UX update! 

  • We fixed the full unlock date of vested rewards 🔓

  • We also improved the UI on token price and vault APY display errors. 🔧 If the calculated amount depends on unavailable price or APY, “N/A” is reflected accordingly.

• Another reminder that the exploit drop page is live! The page is visible only to wallets affected back in November - please go to this page to check.

  • The $AKRO drop only covers 50% of the exploit.

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

We’re also working on:

• [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 progress] We are working on moving away from rewards distributions to users claiming them instead, thus removing the distribution threshold. You will be able to claim unlocked rewards once per two weeks.

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!