Introduction
ApolloDAO, formerly a yield aggregator on the original Terra, is now live and reborn on Neutron, and it’s more than just your standard DeFi platform. Originating as an idea from an anonymous intern, ApolloDAO has grown into a team of 15 builders. It aims to enhance the yield farming experience for both crypto-native and non-crypto users, exploring cross-chain strategies and NFT gamification.
Development and Partnerships
Early Achievements
ApolloDAO has participated in various hackathons, including the Delphi Digital Terra Hackathon, where it secured 2nd place. The DAO has built partnerships within and outside the Terra ecosystem and joined the DeFi Alliance Cohort 4, aligning itself with high-profile projects in the DeFi space.
Community Engagement
ApolloDAO is committed to engaging with its community, planning to speak at conferences like the DeFi Summit and on platforms such as the Terra Bites podcast. It also emphasizes creating efficient ways for community engagement and proposals.
ETH Vault on Neutron
Apollo Vaults
The Apollo Vaults on Neutron, particularly the 7-day locked wstETH/ETH LP Vault, are notable offerings from ApolloDAO. These vaults offer attractive APRs and receive incentives from Neutron in the form of NRTN & AXL.
Future Developments
Apollo plans to introduce new integrations for its Vaults Tokens, including leveraged farming and collateral use of Vault Tokens. The Apollo Vaults will continue to receive incentives over the next 12 months.
Tokenomics of ApolloDAO
Apollo Token
The Apollo token is central to the DAO’s operation, with a total supply of 100 million, distributed over approximately 3 years. The tokenomics aim to fund ApolloDAO’s development, decentralize decision-making, attract users and TVL, incentivize LPs, and bootstrap the DAO’s warchest.
Distribution and Utility
- Luna stakers and OGs receive a portion of their airdrop at the Token Generation Event (TGE) and the rest over 3 years.
- Apollo token holders benefit from governance capabilities, including decisions on vaults and fixed-rate distributions.
- Apollo LP Vaults and zApollo tokens align incentives across the protocol, community, and LPs, offering benefits to long-term stakers and governance power.
ApolloDAO’s Future Vision
Cross-Chain Yield Optimization
ApolloDAO envisions becoming a holistic, cross-chain Yield Optimization and Automated Treasury Management Platform, supporting blockchains like Terra, Solana, Cosmos, Polkadot, and Ethereum.
Dual Treasury Model
The Apollo DAO Treasury and Warchest are key components of its financial strategy. The Warchest, in particular, is an actively managed fund governed by token holders, aimed at accumulating value and deploying capital across various opportunities.
Community Benefits
ApolloDAO plans a 3-year bootstrapping campaign for the Warchest, distributing Apollo tokens to the community for staking assets. This approach positions Apollo token holders as part of a decentralized asset management fund on Terra, with a focus on maximizing the Warchest’s value.
