0xRafi Profile picture
13 Feb, 14 tweets, 5 min read
1/ A thread on $APY @apyfinance. I believe this could become a major DeFi bluechip, and I’ve been waiting since the 10th Feb for the price to settle before posting this! But it just won’t. So I’ll post it now, but please go slowly if you buy it. It just did a 5x in 2 days!
2/ So the APY platform is a yield farming aggregator that uses a single pool of liquidity and automatic rebalances the portfolio among different strategies to optimise risk adjusted yield revenues. It is basically like having an automated fund manager managing your portfolio.
3/ Today, if for example, you have funds in a yearn vault and you realise another vault launched with better returns, it can cost 100’s of dollars in ETH fees to switch between them. For anyone not investing huge amounts, this makes switching strategies completely unpractical.
4/On APY, with a single deposit, users funds will be spread across multiple yield farming strategies and automatically rebalance over time to optimise risk-adjusted returns. So users won’t need to keep track & switch between strategies (+pay for fees!) to optimise yield over time
5/ The genius step here is that the $APY algorithm will track not only the strategies % yields, but also risk scores taking into account financial, liquidity or smart contract risks, so funds will be re-allocated over time in order to maximise yield but also manage risk.
6/ Some upcoming strategies include really interesting stuff like $COMP farming with leveraged $DAI using dYdX flash loans, or $CRV farming with locked veCRV. And APY’s execution contract will eventually support a drag-and-drop style UI for creating new strategies.
7/ About the token: $APY is the platform’s governance token to be used to vote on new strategies / strategy changes, risk scores, platform fees etc. Fee levels are currently set to 0%, but once fees are implemented, a % of them will be distributed to $APY token holders.
8/ Max supply of $APY is 100M, w/ 36.5% for seed & strategic investors (vested 1yr), 20% for team+advisors (1yr cliff+3yr vesting),12.3% for community investments, and 31.2% for liquidity mining rewards, vested for 6m to help attract users that will support the platform longterm
9/ Liquidity mining was launched in Oct 2020 and an IDO happened on Nov 5th, with the sale of 2.6M tokens on @BalancerLabs. Staking went live on Nov 13th, and the platform Alpha launch is expected to happen soon.
10/ The dev team led by CEO Will Shahda is top level and early investors to the project include major names such as @AlamedaResearch, @arringtonXRPcap and @coingecko, so this is a very legit project with big names behind it.
11/ Looking at the most obvious competitors, compared to $APY’s 126M current market cap we have on the top of the food chain $YFI with a 1.5bn mkt cap (so there’s about 12x room for APY to catch up), $ALPHA at 489M, $SFI at 220M and $FARM at 171M.
12/ So here’s a project with a great product that I can’t wait to use myself, a great team and big-name backers, and a platform launch coming very soon. Again, I would be careful buying here just after a 5x price increase in 48h, but you can keep an eye out, and buy the dip.
13/ A few links:
- Alpha demo video:
- Lite paper: docs.apy.finance/whitepaper/lit…
- Medium: medium.com/apyfinance

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More from @0xRafi

14 Feb
1/ Here is another potential game-changing project that I am very bullish on: $BONDLY / bondly.finance (@BondlyFinance).
There is A LOT to say about $BONDLY, and each part of its offering (OTC swaps, DEX, NFT Launchpad, ecommerce gateways) could be a thread of its own!
2/ But the best way to summarise it would be to say that $BONDLY aims to address a simple but major issue, which is that OTC selling / trading of digital goods (crypto, NFTs, gaming items, social media accounts…), has always needed a trusted 3rd party to act as an intermediary.
3/ This 3rd party can range from being a helpful admin of a coin’s TG group, to the pro crypto OTC desks. But they all have 2 things in common: 1) you need to trust them and 2) they ALWAYS take a meaty fee.
Read 22 tweets
13 Feb
I'm not really sure how to say all this but here goes.
I would like to say a big thank you to all the new followers over the last 6 days.
It means a lot that you've found some value in these threads.
I will continue to try and shine a spotlight on some of the hardest working and most innovative teams in the space.
I'll always be keen to hear about any genuinely interesting projects so don't hesitate to drop me a line.
The projects already discussed: $OCTO, $ID, $ROOM and $APY all have fantastic teams behind them and i cannot wait to see all that they achieve through 2021 and beyond
Read 5 tweets
11 Feb
1/ So guys, here’s is the 1st thread on $ROOM (@option_room) the project that practically broke Ethereum when it did its IDO on Feb 5th. $ROOM’s TG group has 29k members and their token has over 8k holding wallets. This is crazy for a 6 day old project, even for DeFi!
2/@OptionRoom is a decentralized oracle / prediction market built on @Polkadot and based on governance, so it won’t rely on external data feeds, but on users as data source, incentivized by token rewards for honest behavior & token slashing in case of dishonest behavior.
3/ The project has a dual token system, with $ROOM used to pay platform fees and rewards, and $COURT as the governance token, that will need to be staked for voting power. Users will be able to stake ROOM (or ROOM/USDT & COURT/USDT LP tokens) to earn $COURT once staking starts.
Read 11 tweets
10 Feb
1/ So guys, time to talk about $ID @EverestDotOrg, a new project I’m very bullish on. Everest is a full stack fiat onramp + KYC + DeFi + L2 project that will offer a regulatory compliant solution to link the regulated fiat financial institutions world and DeFi.
2/ And this is not just idealistic fancy talk. Although the token was launched just 2 days ago, the project has been in development since 2017 and has existing partnerships with major financial institutions (more on that later), and OG crypto projects like Aave and Kyber.
3/ Not to mention that the actual Ex-President of Estonia is an advisor. And not just a headshot-in-a-white-paper advisor. The guy is actually doing Youtube videos with Everest’s co-founder and discussing the project.
Read 24 tweets
9 Feb
1/A thread on one of my favorite projects right now Octo.fi, a full-on DeFi aggregator that’s like 1inch on steroids and is developing new features nonstop!
-Fee distribution to token holders coming this month
-Great branding, quality memes, and just a $26M Mktcap
2/OctoFi is a DeFi portal offering all DeFi solutions on a single platform, such as token swaps, liquidity mining, lending, orderbook trading, derivatives trading, token set investing, NFTs, fiat on and off ramps… all that from a single user-friendly platform with great design.
3/ OctoFi offers these products by acting as an interface with the major existing DeFi platforms, so it will execute a swap or provide liquidity using Uniswap, Sushi, Balancer, etc, do orderbook trading through 0x, borrow crypto using Aave, or trade NFTs through Opensea.
Read 22 tweets

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