AKROPOLIS WEEKLY UPDATES
January 29th, 2021:
Data as of January 29th, 2021:
$10.24M TVL 2865 Members
Welcome everyone to another round of Akropolis weekly! This week was full of some big updates, so let’s dig in!
We have officially migrated to our V1 Akropolis product (a separate and distinct product from Delphi) and have integrated Yearn vaults into the interface! Check out the announcement here!
This update is a stepping stone to future integrations which include: Yearn V2 vaults and a fiat on-ramp via ramp.network.
We also plan to update the UI/UX shortly - stay tuned!
ICYMI, we published an update regarding the voluntary ADEL>AKRO swap specifics and the hack compensation plan. Check it out here!
ADEL>AKRO swap TLDR;
ADEL can be voluntarily swapped for AKRO at a 1:15 ratio (1 ADEL = 15 AKRO) with a two month swap duration starting March 1st.
All swapped tokens will have a 24 month linear vesting period (AKRO will be released 1/24th on a monthly basis).
For your ADEL tokens to be eligible for the swap THEY MUST BE IN YOUR PERSONAL WALLET (NOT AN EXCHANGE) OR IN STAKING/REWARDS PRIOR TO MONDAY FEB 1, 2021; 2400 UTC.
For more information regarding swap eligibility please refer to the article here.
Exploit drop plan TLDR;
50% of the hack will be compensated in the form of vAKRO allocated from team funds at a rate of $0.012 per AKRO (the price immediately prior to the hack), which will be vested linearly over 24 months.
The remaining 50% will be compensated via protocol fees.
Finally, we have begun the process of deprecating Sparta by closing all deposits, lending, and borrowing. If you hold funds and/or loans in Sparta please payback and/or withdraw them as soon as possible.
We have been getting a lot of love from our friends over at Yearn - check out this tweet from Andre Cronje here. We hope that this fantastic partnership and recognition will bring more users into our community!
Moreover, we have been getting a lot of great feedback from the community with respect to vault integrations and hope to make the UI/UX as seamless as possible. If you have any questions or feedback, please reach out to us via our social channels.
Finally, we hope to share a prototype of our new landing page soon and would love community feedback - stay tuned.
We are still in the process of setting up ADEL only and AKRO only Snapshot pages to govern Delphi V1 and Akropolis V1 respectively - stay tuned for more information!
As always, feel free to reach out to us on our social media channels and thank you for your continued support!