APY.Finance (APY)

From CryptoWiki

Revision as of 14:29, 8 October 2020 by wiki_crypto>Zeb.dyor (→‎Liquidity Mining)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

 Basics

"APY.finance automates yield farming to get users the best, risk-adjusted returns in DeFi."

  • From this blog (23-9-2020):

"By pooling liquidity, the platform routes the funds in one transaction to the largest and greatest yield farming strategy, thereby saving gas fee for users. The platform launch is planned for October."

History

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Tech

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on:
  • Programming language used:

Transaction Details

How it works

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Self Funding Mechanism

Upgrades

Roadmap

  • Can be found [Insert link here].
  • From their announcement (7-8-2020):
  1. "We plan to roll out an alpha launch with Compound strategies end of Aug/Sept. Then once stable, we plan to expand into $BAL farming. Stay tuned for the future Medium posts on how these strategies will work.
  2. Our vision is one of community ownership. A significant portion of the token supply will go to the community via the public rewards and community initiatives pool. Shortly after launch, we will release liquidity mining rewards to get the $APY governance tokens in the hands of the community.
  3. Finally, to further decentralize, we will host a small IDO."

Audits

Bugs

Usage

"APY.Finance is the latest DeFi protocol to explode in popularity, locking more than $67 million of stablecoins in the first hour of launching its mining program."

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

"APY.Finance raises $3.6 million in a seed funding round from investors like Arrington XRP Capital and Alameda Research."

Partners