Hey Astar community! This is BKT, Marketing & BizDev Lead from ACryptoS. We’d like to apply for the Astar dApp Staking listing!
Project Overview
ACryptoS is a yield optimizer, where our single-token vaults stand out from the rest. Our unique smart contract strategies help users achieve higher APY, yet staying SAFU at the same time. This is always our main priority.
We originally started off as as a Yield Optimizer on BNB Chain back in Nov 2020. Over time, we developed more products:
- 100+ single-token autocompounding vaults
- No.1 volume Stablecoin swap in BSC
- the only Balancer V2 fork DEX in BSC
We expanded rapidly to 11 different chains this year, and have been growing our TVL and user base in Astar for the past few months.
How our vaults work
We currently build our vaults on top of the largest lending protocol in Astar - Starlay Finance.
Using our unique strategies, we automate same-token supplying + lending on Starlay, and increase our users’ yields much more higher than if they were to just supply themselves. This strategy involves zero liquidation risks as both supplying and lending are using the same tokens.
Currently the only single-token yield aggregator in Astar.
The vaults also Autocompound. Users can just stake their tokens and do not have to constantly check and harvest rewards. Single token vaults also mean that there are no impermanent losses involved.
These are in line with our beliefs of long term BUIDLing & staying SAFU in DeFi. We always encourage our users to not jump in degen / high-risk yields, but instead look for quality projects and teams, staying for the long term.
Astar Milestones
Total Value Locked (TVL)
We’ve grown organically since our launch in Astar Network a few months ago, with the current TVL at $205k. (7 Dec 2022)
app.acryptos.com
This screenshot from our dapp shows the latest APY and TVL for the single-token vaults we built on Starlay Finance.
User Growth Efforts
We’ve also done a number of marketing and user outreach + onboarding activities since our launch:
- a cross-AMA with Starlay on their Discord
- a cross-AMA with Starlay on our Telegram (Listen🔊 Starlay AMA)
- a voice AMA + demo on Astar Discord (Watch AMA Dapp Demo)
ArthSwap Collaboration
We have collaborated with ArthSwap, launching a $ACS-$ASTR farm on their DEX. This is in fact our first farm launch away from our initial BNB Chain.
Our Take on Security
We are mostly focused on being Safe, Sustainable and Long-term. You could say that Safety is our Number 1 priority.
A few key reasons that set us apart from the rest:
- Safety track record
- No security incidents since start
- 5 audits
Safety should always be a priority over everything else, even APY or tokenomics. We have always wanted to make DeFi a safe place for users, hence we do not run for tempting high APYs without thoroughly checking the protocol we are building on via internal due diligence and tight scrutiny.
- it’s no use getting those yields if you’re going to lose them after all.
Here’s an article our Lead Dev wrote on how to not get rekt in DeFi. Well worth a quick read.
Staying safe in defi and how to not get rekt | by x · ACryptoS | ACryptoS | Medium.
Links to audits can be found below as well, by Certik, Hacken & DefiYield:
- Latest review update by Hacken here
- Complete audit report by Hacken here
- Full audit report by Defiyield here
- Acsi.Finance (Balancer V2) audit report by Hacken here
- Farms v2 audit report by Hacken here
- Original cake vault strategy audit report by Certik here
dApp Staking Reward Usage Breakdown:
Rewards from dApp Staking will be used mainly for continued user growth efforts, bringing more awareness and TVL to Astar, as well as our basic protocol operation costs.
1. User Growth (85%)
- AMAs
- User Generated Content (UGC) campaigns
- Giveaways
- Ambassador programs
- Content Creation
2. Operations (15%)
- RPC endpoints
- site maintenance
- internal operations
Links:
Twitter: https://twitter.com/acryptosdao
Telegram: Telegram: Contact @acryptos9
Medium: ACryptoS – Medium
Discord: ACryptoS
ACryptoS Website: https://www.acryptos.com/
ACryptoS Full dApp: https://app-v2.acryptos.com/
ACryptoS Lite dApp: https://app.acryptos.com/
ACSI Finance AMM
ACS StableSwap
