What is Akropolis (AKRO)?
Akropolis is a software enabling developers to launch decentralized applications (dapps) that provide cryptocurrency-based financial services owned and operated by users.
In this way, Akropolis seeks to serve as a platform for many decentralized finance (DeFi) tools, all operating within a common framework called akropolisOS. Examples of dapps enabled by the framework include protocols for savings, lending and investment services.
But, as opposed to having a central entity managing and providing access to these services, Akropolis dapps are built with code and governed by autonomous communities.
This means that to vote on protocol changes, users have to own and stake the native Akropolis cryptocurrency, AKRO, which anyone can earn by providing liquidity to protocols and dapps built on AkropolisOS.
As it aims to provide a platform, Akropolis has also integrated existing DeFi protocols built on Ethereum, such as Compound, Aave and Maker. Akropolis dapps can integrate any of these services into their liquidity pools, lending and borrowing services or other offerings.
Who Created Akropolis?
Akropolis was created in 2017 by co-founders Ana Adrianova and Kate Kurbanova.
In 2019, the Akropolis team held an initial coin offering in which the team raised $2.4 million in ETH in exchange for its AKRO token.
Akropolis has partnered with numerous other projects and protocols since its inception, including Maker, Polkadot, Chainlink and Bancor.
How Does Akropolis Work?
Akropolis aims to give its users the ability to both launch new DeFi protocols and grow their crypto asset holdings using a suite of DeFi dapps they can help manage.
That’s because every protocol or dapp built on AkropolisOS acts as an Autonomous Finance Organization (AFO) designed to operate without the need for a third party.
AFOs are member-owned financial organizations built on a distributed network, and their goal is to operate something like a company, but without hierarchical management.
AkropolisOS
AkropolisOS is a software development kit (SDK) maintained by the Akropolis team to help developers create decentralized applications (dapps) on its platform.
The SDK comes with a suite of smart contract modules that enable developers to customize their dapps. Additionally, AkropolisOS also comes with tools for managing various DeFi protocol integrations (such as Compound and Maker).
Sparta and Delphi
Sparta and Delphi are two dapps built by the Akropolis team using the AkropolisOS framework.
Sparta allows users to take out loans, providing only 50% of the collateral, and to contribute liquidity to the protocol for a percentage of interest.
Delphi, on the other hand, allows users to participate in various yield farming opportunities across the DeFi space, curated by the platform. Furthermore, users who wish to dollar cost average into Bitcoin and Ethereum can do so using Delphi as well.
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Cryptocurrency