Akropolis Shares Yield Aggreator Delphi & New ADEL Governance Token

https://defirate.com/akropolis-delphi-adel-token/

Akropolis – a platform for community creation –  has announced a new yield-farming aggregator project, Delphi, now live on testnet.

 

Underwriting the new robo yield farmer is a new governance token ADEL –  specifically used to govern the Delphi product.

Following in the footsteps of the community-favorite YFI, ADEL will only be distributed through the usage of Delphi, with no initial sale and just a 5% premine allocated to development vested for 3 months following a 3-month cliff.

This product level governance is an emerging trend in the DeFi ecosystem, tying together the best aspects of liquidity mining with a synthesized focus on very specific feature upgrades and integrations.

Fulfilling their original vision

Delphi brings the Akropolis team several steps closer to their original vision: Creating a widely-accessible decentralized savings fund that can withstand fiat-based economic shocks.

Labeled as a yield-farming aggregator, Delphi makes DeFi earning opportunities accessible to everyone, specifically non-technical users.

With Delphi, users can reallocate funds between several stablecoin pools within a single transaction, all within a user-friendly user interface.

One of the flagship features is a dollar-cost averaging (DCA) feature, which automatically invests in selected pools on a periodic basis. This is a very popular strategy offered by platforms such as Coinbase, which removes both the manual effort and the challenge of volatility on investment timing.

The Delphi user experience

The Delphi dashboard presents user balances, pool allocations, and returns in an easy-to-understand way. It also allows the user to save on time and gas costs while switching between pools, by facilitating such changes in a single transaction.

Stablecoin balances in Delphi will earn interest through Curve, while the invested balance will earn interest and exposure to the price of BTC, ETH, and other assets.

Due to gas costs, automatic DCA investment is currently only facilitated on a weekly basis into selected pools, but may be more flexible in the future.

The ADEL token

Delphi ownership will be allocated via the fair distribution of a new governance token, ADEL. The ADEL token is specific to the Delphi platform and completely separate from Akropolis’ existing AKRO token.

ADEL will hold governance rights, as well as a potential claim on any fees that may be incorporated on Delphi in the future.

As illustrated in the intro, ADEL can only be earned by providing liquidity to Delphi, AKRO, and future tokens in tandem with active governance.

60,000,000 ADEL tokens will be minted as a fixed supply and be released gradually over a 6-month period.

A whopping 95% of the tokens will be distributed to active users and liquidity providers, while the remaining 5% will be reserved for development, maintenance, and auditing.

Closing Thoughts

Akropolis will release an FAQ on Delphi and ADEL in the coming days, along with details on a bug bounty program and liquidity mining.

The time-frame for the completion of several major platform components is extremely short. The user interface, Balancer, and Uniswap pools reward contracts, and controlled mainnet are all due to be completed by 20th August.

All and all, it’s clear that the race for automated yield farming is really heating up. Whether it by yEarn’s new yVaults, Rari Capital’s new platform or a suite of other projects in the pipeline, the time to harvest alpha is quickly dwindling.

While Delphi is currently only live on testnet, we’ll be keeping a close eye on the product over the coming weeks.

To stay up with Akropolis for all things Delpha, follow the project on Twitter.

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The post Akropolis Shares Yield Aggreator Delphi & New ADEL Governance Token appeared first on DeFi Rate.

pTokens Launches pNetwork DAO with PNT Staking

https://defirate.com/pnetwork-dao/

pTokens – a trustless bridge for interoperability – has summoned its DAO to handle all protocol governance using PNT tokens.

Built by Provable Things, pNetwork offers a platform to port assets to and from Ethereum using wrappers called pTokens. The most popular version of these wrappers is pBTC – an Ethereum-based version of Bitcoin similar to renBTC. Underpinning the pNetwork is a set of decentralized validators who post a bond in PNT governance tokens to operate a node on the network. Whereas this aspect was a great way for validators to have skin in the game, it’s largely limited to a technical audience.

Today, PNT rewards can be earned by any user by joining the newly launched pNetwork DAO and participating in governance. Built on Aragon, users stake PNT for governance-wrapped tokens called daoPNT. To encourage users to participate in voting, pNetwork is allocating up to 28.35M PNT (47.25% of the total supply) via governance reward inflation.

Similar to other governance-based rewards like KyberDAO and Nexus Mutual, PNT is only rewarded to active contributors. As illustrated in the DAO interworking post:

“A DAO member is considered active and only becomes eligible for rewards if they are daoPNT holders and the check confirms that they have voted on at least all proposals except one within the two week period.”

The rewards are projected to provide 42% APR in the first year followed by 21% in the second year. Stated another way, if you stake your PNT via the pNetwork DAO and vote on every proposal, you will earn a 42% return on your initial PNT contribution (denominated in PNT).

The pNetwork DAO features a 7 day cooldown period and is expected to kick off it’s genesis governance polls in the coming weeks!

DeFi DAOs Heat Up

The launch of the pNetwork DAO comes in tandem with a suite of other DeFi DAOs from projects like Kyber, Aave, Curve and bZx.

While Curve will also be built on Aragon, it’s interesting to recognize that many DeFi projects have opted in to building their own framework instead of using an out of the box solution like Aragon. Still, Aragon-based tooling offers much more flexibility in the future upgradability of these DAOs, and is quickly becoming the leading platform for large organizations to field future governance.

Backed by the recent ANT liquidity program, Aragon will also look to ship a native chain this year, allowing DAOs to port their governance to a low cost, real-time transaction relayer which harnesses all the benefits of Aragon in a scalable fashion.

Over the next few months, it will be super interesting to see the different levels of engagement each of these DAOs receives. While using liquidity mining to incentivize participation is a step in the right direction, the bigger conversation is around making governance interesting enough that tokenholders would participate with no rewards in mind.

If nothing else, it’s great to see governance taking center stage and is a trend that we at DeFi Rate are extremely excited to watch unfold.

To stay up with pTokens for all DAO related events, be sure to follow them on Twitter or join the conversation on Discord!

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