Boost-locking will be made live shortly! Keep an eye on our announcements channel for more detailed information on how to participate in boost-locking once it is live. A new Boost-Locking FAQ has been added to the announcements channel. 🚀🔓

Boost-Lock $APY to Supercharge Your Yield! NEW TOKEN UTILITY ⚡️

We are very excited to announce that boost-locking is officially live! $APY token holders can now head over to the boost-lock page via the APY.Finance dashboard to lock their held $APY tokens and begin earning boosted yield rewards.

Boost-locking is a token utility designed to reward users who have explicitly demonstrated a long-term commitment to the vision of APY.Finance by locking their $APY tokens in exchange for boosted rewards.

Further, we are excited to announce that the first 100 users who boost-lock at least 500 $APY tokens for 4-years will be eligible to mint an exclusive, randomized, APY.Finance NFT. Eligible boost-lockers will be able to mint their NFTs as part of an upcoming APY ASTRO NFT drop.

⚡️ Begin boost-locking now! ⚡️

How to Boost-Lock
1. Head over to the APY.Finance boost-lock dashboard.
2. Under the ‘Lock’ section, select your lock amount and duration.
3. Receive your ‘boost’.

How To Earn Boosted Yield Rewards From Boost-Locking
In order to begin earning boosted yield rewards as a result of boost-locking, users must first boost-lock $APY and begin earning boost.

Once $APY is boost-locked, and a boost is earned, a user will need to deposit, or have already deposited, stablecoins on the core APY.Finance yield farming platform accessed via the ‘yield’ tab on the dashboard. Boosted yield is then rewarded in the form of additional $APY tokens over time, in addition to stablecoin yield earnings.

For more information, please refer to our boost-locking FAQ.

We appreciate those who boost-lock $APY, demonstrating a commitment to the long-term vision and success of APY.Finance. Enjoy your boosted yield! 🚀

PS: Credit to community member @ghostmeme for the title. ⚡️

📣 A proposal to simplify emitted rewards and remove the 6-month vesting period on newly earned $APY rewards is live.

Join the discussion: https://forum.apy.finance/t/emissions-simplification/160

Vote now: https://snapshot.org/#/apy.eth/proposal/0x4248d33a7a9cc59d990325e3260e86db6eae7364a9d64049918ae8ec66eea35a

Rewards emissions simplification proposal is now live!

Vote now: https://snapshot.org/#/apy.eth/proposal/0x4248d33a7a9cc59d990325e3260e86db6eae7364a9d64049918ae8ec66eea35a

New landing page, who dis? 👾

https://media4.giphy.com/media/s8ZPmySz5B241skIY5/giphy.gif?cid=790b7611b1da30254ee8c2e6b96f6aff100ef1eef0e723f7&rid=giphy.gif&ct=g

Attention $APY holders! A new governance proposal for enabling small platform fees toward protocol-owaned liquidity is live.⚡️

Join the Discussion: https://forum.apy.finance/t/fee-restructure-governance-proposal/163

Vote here: https://snapshot.org/#/apy.eth/proposal/0x0ec08cd2aef7bc4a2b67c6ab68df776853e888a4dbcc245f22436272f4558f77

📢 A governance proposal for simplifying liquidity mining rewards emissions has passed, and emissions have been effectively reduced as a result.

https://snapshot.org/#/apy.eth/proposal/0x4248d33a7a9cc59d990325e3260e86db6eae7364a9d64049918ae8ec66eea35a

📢 Last chance! Boost-lock 500 $APY for 4 years by Friday, 2/25/22 to receive an exclusive APY.Finance NFT as part of an upcoming drop!

59 Boost-lockers have already earned their APY Astro NFT.

Boost-lock now: https://dashboard.apy.finance/boost-lock

Attention $APY holders! A new governance proposal for integrating the Convex-ust-wormhole pool is now live.:zap:

Join the Discussion: https://forum.apy.finance/t/convex-ust-wormhole/196

Vote now: https://snapshotpage.b-cdn.net/#/apy.eth/proposal/0x6c90f2c6d740acc122d85a740a6923c18ae3b1b4d5d03c921b11b2a9dcff126b

📣 Introducing: APY ASTROS, The First Exclusive APY.Finance NFT Drop.

Learn more: https://medium.com/apyfinance/apy-astros-the-first-exclusive-apy-finance-nft-drop-is-here-97345e907948

Check if you're eligible for an APY ASTRO NFT here: https://astros.apy.finance/#/

👾 APY.Finance to Launch First Convex Index 👾

APY.Finance is launching the next layer in the Curve ecosystem: the Convex Index.

This index, the first of its kind, is a risk-optimized basket of screened Convex positions that users can gain exposure to with the purchase of a single token.

The index will be managed by a new DAO (consisting of APY token holders, boost-lockers and liquidity providers) and will open the door to additional benefits such as profit-share for boost-lockers.


Major Growth Potential and Improved Performance on the Curve Ecosystem
Our research demonstrates the growing need for a product such as The Convex Index, and the major growth upside potential within the market.

The Convex Index is built upon the growing Curve ecosystem, which currently encompasses 15% of DeFi’s TVL. Many of APY.Finance’s largest depositors have continued to leverage the platform to gain secure, stable, and diversified Convex exposure.

Curve positions improve risk-adjusted portfolio performance.

Adding Curve positions improves the risk-adjusted performance of a variety of portfolios, ranging from a traditional stock and bond portfolio to crypto-concentrated mixes. The Convex Index is optimized to enhance the characteristics that make this possible, such as low overall volatility and reduced correlation to equity markets, government bonds, and crypto mainstays such as Bitcoin and Ethereum. This makes the Index an ideal component for institutional portfolios requiring new forms of diversification.


Cross-chain Convex Exposure with an Index Token
Following the launch of the Convex Index, a wrapped index token will be released, allowing users to gain index exposure by simply purchasing the token.

Currently, the Curve ecosystem exists primarily on Ethereum Mainnet. Its existence on other chains pales in comparison and completely lacks the advantages that a Convex boost provides. The wrapped Convex Index token, cross-chain, will unlock capital currently unavailable on mainnet, broadening the horizons of the full Curve ecosystem to different chains, and granting exposure to a wide new audience. Further, the index token greatly simplifies the complicated and costly process of depositing into, and withdrawing from, any single Convex position.


Convex Index Litepaper
Visit The Convex Index Litepaper to learn more about the Convex Index, its mechanics, use-cases, wrapped Index token, and more.

The Convex Index 2022 Roadmap

👾 The Convex Index 2022 Roadmap 👾

Phase 0: Foundation [Complete]
Phase 0 set the foundation for the DAO and the launch of The Convex Index.

The recent implementation of the ‘Fee Restructure’, where a portion of platform fees are deposited into the DAO, sets the groundwork for the DAO. The release of the Convex Index Litepaper begins to shape the new narrative and educate about the product in preparation for launch.


Phase I: Release
The DAO and Convex Index will be launched.

Moving to a DAO structure allows us to pursue new opportunities that wouldn’t be accessible as a traditional company. DAO members will be able to utilize the DAO treasury to operate the Convex Index platform in a decentralized manner. The Convex Index, built upon foundational elements of the already existing APY.Finance platform, will be launched, setting the precedent for the next generation of DeFi.


Phase II: Upgrade
A wrapped Index token will be released.
By simply purchasing the Index token, users can instantly gain exposure to the Index, greatly reducing complexity and cost. A proposal for profit-sharing with DAO members will be released, a benefit to DAO members made accessible only through the creation of the DAO.


Phase III: Scale
The Convex Index token will be bridged to other networks, and new indexes will be developed.
One of the most exciting opportunities The Convex Index presents is scaling through cross-chain expansion. Following The Convex Index, new and innovative indexes will be developed to target various demographics, including investors trying to build a robust and diversified portfolio. This can include cutting-edge indexes based on emerging trends such as option vaults, bribery vaults, and more.

⚡️ The UI has been updated to provide more detailed and transparent insight into currently active Curve and Convex positions, and underlying sources of return.

https://dashboard.apy.finance/dashboard/portfolio

Cortex DAO Token (CXD) Airdrop!

A major milestone of the 2022 roadmap is DAOification through the launch of the new Cortex DAO which will govern the upcoming Convex Index.

The Cortex DAO will be governed through the CXD token which will be airdropped to APY token holders, liquidity providers, and boost-lockers.

Joining the Cortex DAO will present prominent benefits to DAO members, including:

- Vote on DAO proposals to adjust emission rates, change the supply cap, deploy DAO treasury, and more.
- Boost CXD rewards from the Convex Index.
- Earn profit-share from platform revenue.

CXD Tokenomics

- 1 APY will allow a user to claim ~2.7 CXD.
- The max supply of CXD is 271,828,182.

Math nerds may recognize this number as e x 10⁸, or Euler’s number, the mathematical constant behind compounding interest.

New CXD/ETH Pool2
Users will be able to buy and sell CDX from a new Curve V2 pool, created using CXD/ETH pairs. This pool offers lower slippage for CDX buyers and sellers.

New Rewards for Liquidity Providers
Those providing liquidity into the new CXD/ETH Curve V2 pool will receive CXD rewards. Rewards are issued with a liquidity gauge, keeping the doors open to earn additional CRV and CVX rewards in the future.

CXD Token Airdrop Details
- The CXD airdrop will run for a limited time, announced at a later date.
- Those eligible to claim the CXD airdrop will be directed to a Convex DAO airdrop page which will walk through the entire process of claiming eligible CXD.
- There will not be a snapshot to determine your airdropped amount.
- Once a user claims CXD, their APY balance will be frozen until the airdrop concludes.
- Users will continue to be able to purchase additional APY tokens and claim airdropped CXD throughout the entirety of the airdrop’s availability.

Eligible CXD Airdrop Participants

APY Uniswap & Balancer Liquidity Providers
The airdrop page will walk liquidity providers through every step of unwinding their current positions, claiming the airdrop, and providing liquidity with CXD in the new Curve V2 pool.

APY Boost-Lockers
The airdrop page will walk boost-lockers through the process of claiming CXD, locked for the same duration as their currently existing APY boost-lock.

APY Token Holders
The airdrop page will walk all other APY holders through the process of claiming unlocked CXD.

CXD Airdrop for Unvested Rewards
Currently, the majority (~95%) of users have just 3,500 APY or less vesting. These vesting APY will become unlocked, claimable, and, once claimed, count toward CXD airdrop eligibility.

Users with more than 3,500 APY vesting will be transferred a monthly CXD airdrop for the duration of their vesting period. Users with unvested rewards will not be eligible to claim additional airdropped rewards for this APY once it becomes vested and claimable.

🚨 IMPORTANT: Prior to the airdrop releasing tomorrow, liquidity will be shifted from the APY Uniswap and Balancer LP pools into a CXD Curve2 LP pool.

As a result, trading APY once liquidity transitions may result in very large amounts of slippage.

📢 The CXD airdrop for APY holders, boost-lockers and liquidity providers is imminent.

The https://cortexdao.io/ airdrop page will walk you through the entire process of the airdrop once live.

Some things you should know:

1. Boost-lockers will receive up to 50% additional, unlocked CXD. A 50% bonus is awarded assuming they’ve boost-locked their entire APY balance for the maximum, 4-year duration.

I.E. A 50% bonus assumes a user is boost-locking their entire APY balance for the max boost (4 years). A 25% bonus assumes a user is boost-locking their entire APY balance for half of the max boost (2 years). A 12.5% bonus assumes a user is boost-locking their entire APY balance for 1 year.

2. Liquidity will be shifted from the APY Uni and Bal LP pools into a CXD Curve2 LP pool.

For the duration of the airdrop, while APY in the liquidity pools is frozen, trading APY may result in very large amounts of slippage.



WAGMI

📣 The CortexDAO (CXD) Airdrop is now LIVE!

Users can head over to the CortexDAO airdrop page to claim any eligible CXD now.

Learn more: https://medium.com/cortexdao/cortexdao-token-cxd-airdrop-is-live-3c64d6439273