In the developed world, many countries are facing a dire situation with aging populations and a lack of funds to finance paying pensions to citizens. While some are able to save for retirement independently, many seniors around the world are dependent upon state-funded pension plans that barely cover the cost of living. For many, simply leaving money in a bank account might often not be the most capital-efficient solution. This is where existing DeFi protocols can potentially help, and Akropolis was launched for just this purpose.
While decentralized Finance (DeFi) aims to make financial services and products more readily available to a wider array of users, anyone wanting to get into DeFi at the present moment will still need at least some understanding of the underlying ecosystem. Anyone who has ever tried to sign-up for a yield farming platform is familiar with the various challenges one can face ranging from not having the correct paperwork to verify to meeting high gas fees that immediately cancel out all potential gains one would make on such a platform.
To address the difficulties in accessing DeFi for users with less technical knowledge, Akropolis raised funds of $2.4 Million on Huobi by selling 320 AKRO tokens. Ana Andrianova, founder of Akropolis and former fund manager and web3 advisor, ensured that the company would continue living up to Web3 standards by making a significant part of its code accessible and open-source, including its staking portal and the cross-chain bridge. Akropolis has also heavily contributed to the flourishing Polkadot ecosystem.
Akropolis offers a wide range of products for end-users as well as for developers.
The Akropolis OS is a development platform allowing communities to monetize their ideas and assets. It’s highly customizable, allowing users to create their own innovative incentivization schemes. Akropolis OS also includes automated liquidity provision to ensure that assets are tradeable, making it the perfect platform for developers to build secure DeFi platforms for use cases ranging from pensions, savings, loans, and more.
Another product by the Akropolis team is Sparta. Sparta is a lending platform that allows traders to take out undercollateralized loans. This immediately differentiates Sparta from all other crypto lending platforms because on Sparta, borrowers are not required to deposit twice the amount that is being taken out in collateral. Instead, users simply pledge 50% of the loan in ASPT token — other platform participants will contribute the rest of the loan amount and earn a share of the interest paid on it.
Every time a stablecoin is deposited or withdrawn, ASPT is minted or burned accordingly, tying the value of ASPT directly to the value tied in the Sparta lending platform DAO.
Delphi took inspiration from the Oracle of Delphi and was built to guide people on their journey through the DeFi space. The easy-to-use yield farm aggregator offers a one-stop shop for investors looking to benefit from yield farming opportunities across platforms. The UI is designed explicitly for non-technical investors that can pick between earning interest on stablecoins, using the DCA (Dollar-Cost Averaging) tool, or making the most of liquidity mining or staking.
Dollar-Cost Averaging (DCA) describes a strategy that involves splitting a large sum that is to be invested into periodic purchases of a target asset. For example, instead of investing $10,000 in ETH at once, a trader using DCA would split this into 10 purchases of $1000 each that would be executed over a certain time span, for the sake of this example once a month. DCA is used to reduce the impact of volatility and to avoid making the mistake of investing a big sum at the wrong time.
The Delphi platform also has its own governance token called ADEL used similar to governance tokens in other lending platforms to vote on proposals and earn rewards for providing liquidity.
All these platforms have been combined into the bigger Akropolis ecosystem, which is governed by the AKRO token. AKRO is also the most traded asset across exchanges, and we’ve now added it to our exchange.
Akropolis has partnered with various known protocols and projects to increase the interoperability and functionality of its platform, including crypto household names such as Maker, Polkadot, Chainlink, and Bancor. With inflation slowly creeping up in most of the first world, traders might soon start looking more seriously at investing stablecoins in DeFi protocols. Then a platform like Akropolis might capture a lot of the interest making it easy to gain an overview of existing opportunities and investing in them.
AKRO is now trading on Bitcoin.com Exchange paired with BTC and USDT.