APY.Finance
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APY Tokens

Overview

The APY token is the APY.Finance governance token. As platform's features are built out, the token will be used to govern them.
APY token contract address: 0x95a4492F028aa1fd432Ea71146b433E7B4446611
Token links

Token Specs

Field
Value
Type
ERC-20
Symbol
APY
Decimals
18
Total Supply
100,000,000

Use Cases

APY token will be developed in three stages. Each stage releases new token features that grant greater control over the entire APY.Finance system.

Stage 1: Updating system-wide parameters

APY token holders can vote to change system parameters such as fees, risk score, and rebalance thresholds.
Fees: The percentage of yield generated that will go to APY token holders for maintaining the protocol. This is initially set to 0.
Risk Score: Every strategy will have an associated risk score. APY token holders decentralize risk assessment by proposing and pushing risk score updates as the landscape changes.
Rebalance Thresholds: Determines how aggressive or conservative the strategies should be when rebalancing for higher yield.

Stage 2: Updating existing strategies

APY token holders can vote to change strategy specific parameters such as locking periods, collateralization ratios, and account segmentation.
Locking periods: Some strategies may require locking of assets to boost yield. And example of this is Curve vote-locking.
Collateralization ratios: Any time leverage is used, a safe buffer of over-collateralization must be maintained to avoid liquidation. This can be more aggressive for higher yield, or more conservative for less risk.
Account segmentation: A strategy can interact with a protocol using any number of accounts. This allows for techniques such as the staging of different locking periods.

Stage 3: Proposing new strategies

APY token holders can vote to propose new strategies for the strategy portfolio.
These proposal mechanics must be carefully designed to prevent conflicts of interest that arise from a strategy's influence over large amounts of capital.

APY Token Distribution

Distribution
Description
Seed Investors
    20,000,000 APY tokens (20.0%)
    1 year vesting
Strategic Investors
    16,500,000 APY tokens (16.5%)
    1 year vesting
Team & Advisors
    20,000,000 APY tokens (20.0%)
    4 year vesting, 1 year cliff
Community Initiatives
    12,300,000 APY tokens (12.3%)
    Initiatives will benefit community developers who participate in the APY.Finance ecosystem.
Public Liquidity Mining Rewards
    31,200,000 APY tokens (31.2%)
    Rewards will benefit users and stakers who participate in the APY.Finance ecosystem.
Last modified 9mo ago