The ETH-based Akropolis is up by 130% this month and it seems like it is ready to gain more as we can see in our latest altcoin news today.
The last few weeks we saw some sideways moving for major cryptocurrencies and ETH-based Akropolis(AKRO) had a 22.5% rally. The protocol token has seen more gains of 5,868% and its latest updates point to point to more potential. With the $27.99 million in total value locked, the investors can review their 38.73% in annual staking rewards which caused the protocol to achieve percentage gains in less than a year so Akropolis has the fundamentals that will support its rally. The team behind Akropolis decided to reduce the product offering to the yield generator and aggregator product suite and it is now in beta for Akropolis version 1.1.5 to generate more revenue stream for the AKRO token holders.
Hi everyone, check out the new landing page for @akropolisio! 🤩
Things in the works to grow the product and initiate revenue streams:
💸New Vault Strategies
💫In dApp UI/UX updates
🗳️$AKRO Snapshot Updates
💰@iearnfinance affiliate tokens for rev sharing pic.twitter.com/7riBTEtwJ7
— Akropolis (@akropolisio) March 18, 2021
The team’s priorities in the short term are the update of their landing page with the next iteration of the user interface and they are in the final stages of a new version LEDA swap to offer rewards swaps. With the latest progress update, the Akropolis team stated:
“We will be integrating yearn affiliate tokens for revenue-sharing between our protocols. Yearn vaults can earn up to a 50% profit share from their contributed TVL.”
The cooperation with Yearn Finance started in November last year and allowed an expansion of the strategy offering so that Akropolis users can maximize their profits. With the integration, the investors gain access to Pickle, CREAM and can receive more profits by complementing the products of the protocols. Akropolis also integrated with Curve, Compound, OZ, and Aave so the users have more options to obtain crypto:
“We are still working on expanding vault deposits to multiple stablecoins and iterating on DCA functionality.”
Back to the trend line
I added to my bag at this dip
Looking ready for continuation 📈 pic.twitter.com/IczDanBTII
— silver bullet (@SilverBulletBTC) March 26, 2021
AKRO is trading at $0.06 with a market cap of $187 million so despite the cooperation and development, the protocol isn’t in the top 10 in the Defi sector and aims for higher growth. Silver Bullet trader expects the “real pump” to emerge when the cryptocurrency is above the resistance level for the pair. At the time of writing, ETH is trading at $1,824 with gains of 8.1% in the past day. The cryptocurrency experienced a rally following the announcement of Visa that it will settle transactions on ETH.
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