APY.Finance Weekly Update (9/26–10/2)
Progress Remaining for Alpha
Oracles & Pricing
- [100% Complete] Chainlink Monitoring
- [100% Complete] Oracle Emergency Systems
Platform Management
- [100% Complete] Gnosis Safe
- [100% Complete] Administration & Governance Tools
Security
- [90% Complete] Security Audit
- [100% Complete] Security Updates
User Interface
- [95% Complete] UX Testing
- [95% Complete] UX Updates
Platform Management
This week, APY.Finance reached a significant milestone as the engineers deployed contracts onto mainnet and started smoke testing transactions using treasury funds. Mainnet testing is a critical step in finalizing the Alpha build, ensuring it is ready to go live once our security audit, and remaining testing, are complete.
Further, the many updates to the system made over the course of the past few months have required an entirely new deployment process. Previously, we were using a local script that would deploy and send transactions locally. We’ve revamped this deployment process entirely with a deployer contract, and as a result, it is much more secure and more easily maintained.
Security
This week, our smart contract engineers finalized safeguards and operational flows for moving funds around Zap, swap, and allocation contracts. These optimizations allow APY to unwind liquidity in a specific token, and add slippage parameters to swaps which to optimize and prevent slippage. They also protect against sandwich attacks.
TL;DR, these updates help keep deployed funds more secure.
Our engineers also created an emergency multisig safe that controls all of the platform’s necessary and powerful emergency functions. This multisig safe is much more secure and restricted than the normal day-to-day safe multisig, as it is even more powerful than standard functions to deal with rarer, yet dire, emergency situations.
User Interface
This week, our front-end team completed the Tour Guide for the platform’s portfolio page, including a new displayed metric that automatically displays projected growth values for mocked values entered in the Tour Guide mode. This gives a user an estimate for projected growth over a chosen period of time. Check out our Tour Guide preview shared in last week’s update, if you haven’t already.
APY Token Farming
APY DAI/USDC/USDT Liquidity Mining*
- TVL: $41,626,978.33
- APY: 20.52%
*As of 10/5/2021, 12:46pm EST
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We appreciate your continued support as our team continues to work around the clock to finalize the Alpha build in preparation for release.
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