Akropolis Defi Coin Review – Decentralized and Autonomous Community Economies

About Akropolis Defi Coin

Akropolis Defi Coin is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging. The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products. Akropoli was first announced in March 2018, launching on the Ethereum mainnet in June 2020.

Quick Fact About Akropolis Defi Coin

Decentralized and autonomous community economies.

Build

Start and scale your for-profit DAO here. Built with OpenZeppelin SDK using Facade pattern for rapid development and freedom to innovate. Monetise your assets and ideas.

Borrow or Lend

Access under-collateralised loans. Contribute liquidity actively or passively. Get rewarded for risk.Borrow

Save & Earn

Simple and easy. Connect your monthly check to compound DeFi yields, capital gains* and saver rewards, all in one account. Automated and non-custodial.

Open source development

During the course of our development, in the absence of developer‑friendly tooling, it became apparent that some of our code and solutions can be productized. We open‑source them as our contribution to the ecosystem.

Who Are the Founders of Akropolis?

Akropoli was founded in 2017 by Ana Andrianova, with Kate Kurbanova joining later as a co-founder.

Prior to starting Akropolis Defi Coin and serving as its CEO, Andrianova co-founded and was managing director of Apiro Capital, a data- and technology-driven investment management firm, in addition to founding private equity advisory firm Sirin Capital. She has additional investment experience from serving as a fund manager for the Lehman Brothers and an emerging markets hedge fund analyst for Emergent Asset Management, where she was responsible for private equity fund strategy. In addition, Kurbanova has served as an advisor for The Bee Token, the Web3 Foundation, Tenzorum and OpenMaker.

Kurbanova first began with Akropolis in January 2018 as an advisor and was officially brought on as a full-time employee in June 2018, recognized for her contribution to the project by being named its co-founder. Prior to Akropolis, Kurbanova was head of analytics at crypto-asset intelligence company Cindicator, where she developed research tools and methodologies as well as co-authored the company’s CND token model and white paper. She has also served as a community and product advisor for Svandis.

Benefits and Features

Borderless

Access the lending market from anywhere around the world.

Trust-minimised

No centralized party to rely on to borrow or lend. Your pension fund cannot be raided, this bank account cannot be closed.

Fraud-resistant

Real-time NAV, immutable and auditable lend/borrow/invest transactions 24/7/365.

Portable track record

Seamlessly port your track record of contributions and credit to another DAO/LAO/Capital pool.

Uncollateralised

Borrow with little to no collateral, build up your reputation and improve your economics.

Crypto/Fiat Payment Gateway

Convenient fiat on/off ramp.

Insurance: NexusMutual/Opyn

Downside protection: depositor protection scheme equivalence using NexusMutual and Opyn.

Governance portal

Managing protocol parameters through governance with AKRO token.

USDT, USDC, TUSD stablecoins support

Asset universe: enable deposits of USDT, USDC, TUSD.

How Is the Akropolis Network Secured?

The Akropolis Defi Coin suite of products utilizes a governance token, AKRO, to help secure its protocol. As an ERC-20 token, AKRO transactions rely on the Ethereum blockchain’s proof-of-work consensus algorithm to validate any on-chain records. With a PoW consensus, miners compete among each other to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted.

In August 2019, the smart contracts for AKRO were audited by blockchain security firm CertiK. The company found that the smart contracts — after Akropolis implemented some suggested changes — were “”structurally sound and not vulnerable to any classically known anti-patterns or security issues.””

In August 2020, Akropolis reported that there had been several attempted, but unsuccessful, hacks of its smart contracts. As a result, it moved all unlocked ARKO still in smart contracts to custodial wallets with higher-grade, institutional security. Later that month, it announced a bug bounty program, with rewards paid in AKRO or stablecoins to those who report a previously undiscovered security flaw.

Where Can You Buy Akropolis (AKRO)?

AKRO was first listed on Huobi Global, but it is now available for purchase on a number of major exchanges, including Binance, MXC.COM, KuCoin and Uniswap (V2). AKRO can be traded against fiat currencies such as the U.S. dollar, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and stablecoins such as Tether (USDT) and USD Coin (USDC)

Are you interested in buying AKRO or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.