Thread by @GabrielGFoo

DeFi 2.0 before it was cool.

A brief rundown on what is @ApolloDAO and why I'm bullish on $APOLLO 🧵 👇

1 / WTF is @ApolloDAO and Yield Aggregators?

If you know what are @iearnfinance, @PancakeBunnyFin and @beefyfinance; you probably know what a yield aggregator is.

But for the uninformed:

Yield Aggregators are protocols which optimize rewards from DeFi yield farming for maximum efficiency by auto-compounding them.

For example, if you're providing liquidity to @pylon_protocol's MINE-UST pool, you'll get a cool 94.58% APR in rewards from LP incentives and trading fees, which you'll need to claim manually.

@ApolloDAO saves you the hassle of claiming these LP rewards and automatically compounds them for you at a cool 152.44% APY and rewards you a 1.89% APR in $APOLLO as well.

This enables your stake in the token pair's pool to grow over time.

2 / Warchest Owned Liquidity?

@ApolloDAO takes this one step further by introducing the ApolloDAO Warchest.

The Warchest is an actively managed fund governed by $APOLLO holders. The first decentralized asset management fund built on Terra.

@wolf_of_defi explains the #Warchest really well and in great depth, but let me explain what you need to understand.

https://twitter.com/wolf_of_defi/status/1463435913862823939

In DeFi, liquidity mining incentives can't last forever as farm token distributions will eventually deplete.

@ApolloDAO solves this by enabling the protocol to build its own warchest of yield bearing assets which allows it to generate its own revenue stream.

During @ApolloDAO's Community Farming event, the protocol raised a total of $2.25 million by distributing the $APOLLO token at the price of $0.25.

All the money raised from the event was used to bootstrap the protocol's #Warchest.

By owning yield bearing assets such as staked $LUNA, $bETH and $aUST, the #Warchest becomes an ever-growing treasury that essentially sets a soft floor backing the price of $APOLLO as the protocol's profits are accrued back to token holders.

Through governance, $APOLLO holders can vote to deploy @ApolloDAO's #Warchest's funds to purchase tokens or carry out a specific yield farming strategy that they see fit.

Bigger #Warchest = Price of $APOLLO 📈

3 / @ApolloDAO x @astroport_fi

A match made in farmers' heaven.

With Astroport's Lockdrop event starting on 6 December, $APOLLO LPs will also earn $ASTRO as part of the ASTRO Generator's Dual Liquidity Mining feature.

https://twitter.com/ApolloDAO/status/1465106712596291586

@CryptoHarry_ says it right.

Imagine entering a MINE-UST auto-compounding vault on @ApolloDAO and earn $MINE, $ASTRO and $APOLLO at the same time, all while 99% of the protocol's revenue is sent back to further grow the #Warchest.

Absolutely insane.

https://twitter.com/CryptoHarry_/status/1465271892500090889

Just for your reference, here's all the pools available on @astroport_fi.

Imagine @ApolloDAO's auto-compounding vaults on every one of them 👀

4 / $OHM like bonds? Cross-chain vaults on $SOL? You didn't hear it from me 👀

Looks like the chads at @ApolloDAO have been taking notes from @OlympusDAO.

@DeFi_Maestro dropping the alfa leak:

https://twitter.com/Defi_Maestro/status/1464125402209611777

5 / CONCLUSION

There are many other key roadmap features which I did not delve into as I think those deserve a more comprehensive thread on its own:

(a) zApollo
(b) Metagovernance
(c) $APOLLO Buybacks
(d) Apollo Flow
(e) MultiSig Wallets
(f) Cross-Chain Interoperability;

But I think its key feature, the #Warchest, as a form of protocol-owned liquidity and its value accrual to the $APOLLO token in the form of protocol-generated revenue rather than liquidity mining rewards, is more than enough to be mega bullish on.

If this rendition of Protocol-Owned Liquidity succeeds, we may very well see a paradigm shift in how future DeFi protocols are built.

We may even see existing protocols incorporate similar versions of @OlympusDAO's innovative technology as well.

6 / DISCLAIMER

I am in no way related or working with the @ApolloDAO team. However, I do have an interest in the project and its token $APOLLO, as well as $LUNA and other projects in the Terra ecosystem.

Information written here is purely educational and is my own opinion. Nothing I say should be constituted as financial advice, do your own research, and please consult with a professional before making a particular investment.

7 / REFERENCES

@ApolloDAO's blog posts:

articles.apollo.farm/author/apollo/

@ApolloDAO's update on its collaboration with @astroport_fi:

https://twitter.com/ApolloDAO/status/1465106712596291586

@orbital_command's take on $APOLLO:

https://twitter.com/orbital_command/status/1463959593332183046

@danku_r's comprehensive breakdown of @ApolloDAO:

https://twitter.com/danku_r/status/1462907697251209228

Thanks for reading, do let me know your thoughts!

Tagging some big brains and gigachads to share the alfa to #LUNAtics all around:

@AnonNgmi @TheMoonMidas @danku_r @TerraBitesPod @Speicherx @stablekwon @sjpark_TFL @NicolasFlamelX @AlphaSeeker21 @larry0x @darrenlautf @lejimmy

@WestieCapital @cptn3m0x @TheRyanLion @FynnToTheMoon @CryptoWizardd @ysihyeok @lukedelphi @Delphi_Digital @Josephliow @terranaut3 @intern_capital @lunatichisoka @Panterra0x @Bitcoin_Sage @AlphaSeeker21 @CryptoKnight944 @The_Babylonians @ZeMariaMacedo @terraspacesorg @thejamhole