Year Finance Announced Its Partnership With This DeFi Protocol: How Were Token Prices Affected?

Coinputin.com – According to the announcement of Yearn Finance, yearn and Acropolis contributors are joining forces to take advantage of each other’s strengths and ensure that each team specializes more and focuses on what they do best.

Yearn will continue to develop Vault and Lending protocol solutions, described as “best-in-class”. Acropolis is becoming the leading provider of corporate services to these institutions, offering advance access to customer networks through specially crafted investment strategies.

According to the announcement of Yearn Finance, yearn and Acropolis contributors are joining forces to take advantage of each other’s strengths and ensure that each team specializes more and focuses on what they do best.

Yearn will continue to develop Vault and Lending protocol solutions, described as “best-in-class”. Acropolis is becoming the leading provider of corporate services to these institutions, offering advance access to customer networks through specially crafted investment strategies.

New Acropolis

New crates: Acropolis crates will merge with year v2 crates and become eligible to win Pickle via the soon-to-be-released Pickle Gauge. It will also be powered by the upcoming Cream v2 lending protocol.

New enterprise application: Acropolis becomes the corporate service provider of the United year & Acropolis package. The New Acropolis app will provide enterprise customers with services that integrate Cream V2 and provide additional revenue streams to the Acropolis protocol.

New strategies: Acropolis will write strategies for new crates and will charge performance fees for it.

Token to track losses: a new token will be introduced that tracks the losses suffered by victims in the last Acropolis attack. It will be distributed proportionally via snapshot.

Rotated Acropolis multi-sig: the Acropolis multi-sig switches will be rotated to facilitate high iteration, testing, and deployment speeds.

How did this partnership affect cryptocurrencies?
Akro, the Acropolis’s local token, seems to have gained momentum after this news. The Coin has gained close to 20% in the last 1 hour. In the last 24 hours, it has increased by 17.6%.

Yearn, on the other hand.Finance’s yfi token is also up 12.2% in the last 24 hours. The Coin has risen from $ 25k to $ 26K in the past few hours.

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