Apollo DAO (APOLLO)

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## Basics

* From Flipside, a company that works heavily with Terra (6-10-2021):

*"Apollo DAO is a yield optimizer and its first line of products are the auto-compounding vaults."*

## History

* From Flipside, a company that works heavily with Terra (6-10-2021):

*"Apollo DAO made it to the second position at The Delphi Digital Hackathon, emerging as one of the most innovative projects."*

## Audits & Exploits

* Bug bounty program can be found [insert here].

## Token

### Token Allocation

* Had an airdrop towards Terra stakers and Pylon stakers.

### Utility

* From Flipside, a company that works heavily with Terra (6-10-2021):

1. *"Governance — Governance and voting rights for proposals, including the choice of vault selection, setting the level of fixed-rate distribution, and performance fees through the governance token zApollo.*
2. *Apollo LP Vaults and zApollo — Incentivize token holders and LPs to stake and lock tokens for zApollo tokens with rewards and voting power proportional to the number of zApollo tokens held. The tokenomic structure is similar to that of Curve’s veCRV. The longer these are locked in vaults, the more zApollo tokens will be earned. zApollo and Apollo LP vaults will be released with yield aggregator that will add immediate utility to the Apollo token. There will also be an additional functionality of **Vault boosting gauges** for zApollo tokens to increase Apollo rewards.*
3. *Warchest Management and Deployment — DAO will decide the usage of Warchest through the governance power."*

## Technology

* Whitepaper or docs can be found [insert here].
* Code can be viewed [insert here].

### How it works

* From Flipside, a company that works heavily with Terra (6-10-2021):

*The essence of Apollo DAO is its Warchest which is both central and pivotal to its success. Apollo DAO launched a 3-year bootstrapping campaign for the Warchest where 50% of all Apollo tokens will be distributed to the community in return for staking assets and generating yield. A percentage of that yield goes to Warchest. Users earn yield on underlying LP assets as well as additional yield through Apollo tokens. Warchest has already accumulated a significant amount of UST which is with Anchor Earn and reserved for initial Apollo liquidity. Warchest also holds 10.5K Luna which is not being staked at the moment.*

*Initially, the Warchest will comprise 50% Luna, 20% bETH, and 30% aUST, but future allocation along with the management and deployment of Warchest will be decided and done by the Apollo token holders. The required tools and products will be provided by the team aimed to increase the revenue for the Warchest through opportunities and partnerships. It would consider seed funding to capital deployment beyond Terra in order to benefit from other L1 chains like Ethereum, Solana, and Cosmos. Apollo DAO Warchest will receive 99% of the total revenue while the remaining 1% will be donated to Angel Protocol. The Warchest is expected to hold an asset value between $1.3 million and $1.5 million by the end of Phase 2, with nearly $1 million available for deployment by the Apollo token holders."*

### Liquidity Mining

* From Flipside, a company that works heavily with Terra (6-10-2021):

*"Apollo DAO started its community farming last month and within a span of 24 hrs saw a TVL of $200 million. The farming of 3 million Apollo tokens which was expected to last for a month lasted for just 3 days. The demand and interest from the community led to the launch of Phase 2 with an additional 6 million Apollo tokens."*

## Team, Funding and Partners

### Partners

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