Akropolis Weekly Updates

Vortex is coming

Data as of October 31st, 2021 📈: 

$14.98M TVL      2,751 Members     

Hello all,

It’s time for Akropolis weekly again!

Flash News ⚡

• Vortex - new strategy soon to be launched

• >20% APY for yvBOOST vault

• Institutional investors appear to be flocking into DeFi assets

• Yearn & Aave - at peace

• SEC Gets Path to Rein In Stablecoins as U.S. Weighs New Rules

• Facebook “rebranding” to Meta

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ICYMI: Opinion 💬

• To Secure a Sustainable Future for DeFi, We Need to Look Beyond Ethereum

• Arthur Hayes piece on basis trading strategy

• Ethereum - What I Hate, Love, and Fear About the Cryptocurrency

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Vortex Announcement 💫

Recently, we announced Vortex - our take on basis trading strategy. Here is a TL;DR:

• ‘Basis trading’ is an arbitrage strategy used in financial markets which takes advantage of the difference between the spot and future price of a commodity (the ‘basis’).

  

• Vortex is an on-chain basis trading strategy that aims to generate long-term, sustainable and rewarding returns while remaining market-neutral.

• Vortex v1 captures the advantages of basis trading and, due to its construction, benefits the ecosystem by contributing liquidity that is crucial for all platforms it’s integrated with.

• Vortex is a market neutral strategy with numerous risk management procedures in place to ensure it can weather all market conditions.

  

Vortex v1 will launch on testnet imminently and on mainnet in Q4 21. If you want to participate in the early beta release on mainnet, please fill out this form.

Akropolis Updates 🔨

Recently, we:

• Updated product page layouts & added paused states 👀

• Refactoring & uploading time improvement ⚙

Things we’re working on 🔧

• [in progress] We continue to work on new vault strategies & products - will be sharing more news in the coming weeks. 🤑

  • We will be sharing more info on ourVortex testnet launch in the coming days.

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

• [in progress] Zaps - we’re working on adding “zap” functionality to deposits to improve user experience & add ability to deposit different tokens into Vaults (not on LP tokens).

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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!