(1/N) Sneaky Synopsis: @ApolloDAO
One ecosystem that we have had our eye on for quite some time is Terra. Proven to be one of the fastest growing and widely adopted chains in crypto, Terra has recently surpassed Polygon (Matic) in TVL.
Sneaky Ventures
261 posts
Sneaky Ventures
@SneakyVentures
shadowy super venture capitalists
- (1/N) A thread on why frontend UI is the next frontier for DeFi & why the future crypto homepage may belong within @DeFi_Land. Thesis in a nutshell: mainstream DeFi adoption will be enabled by gamification and by crossing over into an emerging web3 metaverse.
- Replying to @SneakyVentures(2/N) We have also seen it’s native token, Luna, rise over 1000% since late July. The reason behind this meteoric rise is Terra’s idea of achieving mass adoption through the development of decentralized and usable currencies that transact and store value.
- Replying to @SneakyVentures and @defialliance(13) We believe projects that are truly able to execute this inevitably establish industry value and longevity, and Sneaky is proud to have helped @ApolloDAO do so through our collaboration with their team on marketing and community management plans.
- Replying to @SneakyVentures and @defialliance(5/N) Upon meeting the Apollo team, we were quickly drawn in by their industry perspectives and opinions as DeFi-native traders, as well as their vision to use Apollo DAO as a vehicle to grow the entire Terra ecosystem.
- Replying to @SneakyVentures(4/N) It wasn’t until May of this year that we really started to recognize the magnitude of Terra's value. As we began taking a deeper dive into the ecosystem, we came across @ApolloDAO, a yield optimizer in Cohort 4 of @defialliance Accelerator Program.
- Replying to @SneakyVentures(8/N) As a founder-centric fund, Sneaky is confident in the Synchrony team’s ability to become the go-to hub for Solana users of all experience levels.
- Replying to @SneakyVentures(3/N) It’s trademarked stablecoin $UST, has gained real-world utility as a feature that is an essential component to growth, scalability, and interoperability of other blockchains and dapps.
- Replying to @SneakyVentures and @defialliance(10/N) The Apollo Dao itself governs a War Chest for meta-governance and capital investments in a variety of decentralized ecosystems, with Apollo acting as a governance token that can be earned through the Apollo Vaults.
- Replying to @SneakyVentures and @defialliance(8/N) Not only have they integrated the widely-popular MIR and ANC protocols, they also have many future integrations on the horizon, including cross-chain functionality on Solana. But our investment in Apollo was not solely based on yield optimization...
- Replying to @SneakyVentures and @defialliance(7/N) At its core, Apollo serves as the first large yield optimizer and auto-compounder on Terra. The interface also effectively acts as a homepage for DeFi on Terra, where users can easily evaluate and utilize secure yield strategies that best fit their specific needs.
- Replying to @SneakyVentures and @defialliance
- Replying to @SneakyVentures and @defialliance(6/N) They clearly understood the value of not only creating an effective and enjoyable user experience on their platform, but also the importance of nurturing a strong and integrated community centered around their product.
- Replying to @SneakyVentures and @defialliance(11/N) Fostering a strong community, Apollo has been extremely involved across virtually all social media platforms. Between founder introductions on YouTube, around-the-clock chatter on Discord, informative Medium articles, meme competitions, podcast appearances and more...