Akropolis Weekly Updates

September 25th, 2021

Data as of September 24th, 2021 📈: 

$9.82M TVL      2,819 Members     

Hello!
Welcome everyone to another round of Akropolis weekly! This week, we’re bringing more content to you and will resume Akropolis updates next week.

Flash News ⚡

• >30% APY for yvBOOST vault 

• >20% APY for TriCrypto vault

• China Keeps Adding Liquidity to System Amid Evergrande Risks

• Twitter enables tipping with Bitcoin, plans to let users authenticate NFTs

• Crypto Market ‘Starting to Knock on the Doors’ of Big Bond Funds

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ICYMI: Opinion 💬

• Mark Cuban remains bullish on DeFi

• Did Gary Gensler of the SEC threaten encryption and DeFi in the WaPo interview?

• How DeFi Exploits and SEC Suits Can Actually Speed Crypto Adoption

• Valid Points: Are We Witnessing the Death of DeFi Tokens? 

• Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms

• DeFi's potential means more institutional demand for next-gen tokens

Rohit Jindal 📚 @rohit_jindal29

A THREAD on insightful thoughts on crypto by @santiagoroel: 1/ I don’t think the world has realized the power of capital moving at the speed of information. #DeFi

ian bremmer @ianbremmer

Chinese construction company Evergrande likely to default on its $300bn debt. If it does, it’ll be one of the largest in history. For comparison: Argentina’s 2001 foreign debt default $93bn Greece’s 2012 restructuring $200bn Lehman Brothers when it filed for bankruptcy $600bn

Charlie Bilello @charliebilello

Global Central Bank Update: -Norway hikes rates 25 bps to 0.25%, becoming the first G10 central bank to begin normalizing rates post-covid. Another hike is expected in December. -Turkey cuts rates 100 bps to 18.0% in a surprise move that send its currency (Lira) to new lows.

Read: S&P Global Ratings’ two-pager research on DeFi

Decentralized Finance | Disrupting But Not Derailing Traditional Finance

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Things we’re 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] 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).

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!