Even though market volatility has made the past few months turbulent across the DeFi community, it has also been a period of real growth and development for Terra. The Delphi Digital Hackathon was a clear catalyst for this wave of community building, where Apollo emerged as one of the most interesting and innovative concepts in the field. An initial concept was pitched by the mysterious ‘anon intern’ for the hackathon, where the team of 14 Terra enthusiasts quickly came together to form Apollo.     

What does it do?

In its simplest terms, Apollo aims to compound interest to make yield on Terra more powerful. Initial pictures of the UI suggest that there will be vaults with ANC, MIR and mAssets alongside UST, however it seems clear that this is only the start of things for the Apollo team. As well as offering yield above that which you might find on the Anchor or Mirror platforms, Apollo will incentivise use of their auto-compounding vaults with additional ‘Terraforming’ for vault-specific rewards, ‘NFT boosters’ and other token rewards. Although there is no direct indication as of yet, it is also expected that MINE tokens from Pylon and future Terraform Labs projects such as Nebula will also added to the Apollo offerings.

Is there anything else like it?

There are many people looking to make the most out of yield on Terra. Several weeks ago the mysterious Spectrum Protocol emerged with an anonymous team, no audit and APY of 9000% in their Spec-UST LP. The move was a contentious one and a source of debate within the Terra community. The Sandclock team have been revealing their strategy with weekly updates, promising yield strategies alongside insurance and charitable initiatives. Prism Protocol has also arrived this week, discussing the ‘monetization of future staking yield’. There is a clear appetite to maximise the potential for yields on Terra and utilise the emerging links to Solana, Harmony and across Cosmos with IBC. Apollo seem to have the momentum and initial community support; it is evident that many are looking forward to the team’s v1 release ‘soon’.

What happens next? 

Apollo view themselves as ‘ambassadors for the Terra ecosystem’ and they are well positioned to benefit as UST and other Terra platforms expand into other crypto ecosystems. The team were accepted into the prestigious Defi Alliance and recently entered the Solana Hackathon with intention to also bring the Apollo name to upcoming Akash and Atom Hackathons. It has all been building towards their v1 release, which will be the pivotal public test for the team. Beyond this there have been hints of mobile integration, gamification of yield and even synthetic UST. At a time when there has been a real explosion of growth and development on Terra, many eyes are most fixed on what this team will come out with – that is no mean feat.  

It's been 3 months I join this market now since my first deposit of $200 to Binance. I try my best to skin in the game as much as possible to find which the best earning method that suit me. I tried trading(which turned out very bad, you might guess), farming, looking for airdrop, find my luck with IDO and several other ways of making money. Most of the time I earned some and lost some, then I decided that trading is not my type, I prefer finding good token, find good entry then hold that token in a long term, that's make me have more time to do other things and don't have to worry to much about my investment. Also I'm actively finding more IDO chance to increase my capital and change my position in this market.

So I set the goal of making 100K profit in my first year in crypto, and 3 months passed already. I will write my journey here and will you guys some update.

Until now I put about $17K to the market, what I have got so far:

– I have an account of $2500 to hold some top tier token like SOL, NEAR, DOT, ETH, this is for my safe investment.

-Invested $1000 in Gods unchained IDO on Coinlist.co, now it's at around 15x, I don't know when the token unlock how much will be the ROI but I'm sure it's at least 10x.

– Got 100$ IDO for THG, I sold it quite early at price of $2.9 for about $1700 now the price is $13. I knew this project is huge potential and want to hold it till $10 but I couldn't do it, this is a mistake and a lesson learned from it. Reading tokenomic of an project is a must, then you need to know what this project is about, what's its unique feature, roadmap, userbase….

– Got 200$ IDO for MYRA. Gamefi is trending so get the IDO of a game is kind of lottery now, you can easy got at least 5-10x, but it takes time and you need to research a lots to find the project that worth your time investing. For this I joined its telegram at early stage and find my chance to get the IDO slot. Now it's about 20x but it'll still keep my token, lesson learned from THG case.

– The rest of my money is divided into many projects and different chain to skin in the game, I need to make a balance sheet to update them all or I will forget them soon.

-5K is in different launchpads, which help me to have allocation for next IDOs(some launchpad give me small allocation, some give bigger, but the good point is the ROI of their IDO is quite good).

When I got into 50K, I'll put more in the launchpad and some top tier project.

That's all for this first post about my journey. Could you share with me the best investment in the comment so we can learn from each other and make more money? Do you have any recommendation/tips for me, I'd be very appreciate your help!

Thank you for reading this article, if you like it don't forget to rate and comment below!

Angel Protocol is built around the idea of community and the origins of the project are no different. It began with an idea and a single tweet from Chauncy St. John, proposing to integrate Anchor functionality with charitable contributions. The Terra Twitter community sparked into life immediately, and within no time at all Angel Protocol was in its formative stages. The project joined Orion Money, Apollo DAO and other emerging names in the Delphi Digital Hackathon, where it first started to take shape in May.

What does it do?

Angel Protocol has the goal of creating ‘perpetual charitable endowments’, ultimately aspiring towards a system where charitable organisations are self-sufficient, to the need of not needing donations. This is made possible by Achor Protocol, and the current 20% fixed interest rate produced. Angel Protocol is harnessing the power of compound interest to boost the power and utility of these donations, all available in a simple interface designed to be accessible for non-cypto users. One of the clear benefits is that smaller organisations will have a more defined picture of future incomings and be able to draw out plans accordingly.  Beyond this, Angel Protocol also established themselves as a validator in June, harnessing staking commission as a secondary route for donation revenue.

Is there anything else out there like it?

Angel Protocol is a very unique entity in the Terra Ecosystem – so much so that many other projects are getting behind it by joining the Terra Charity Alliance. Projects including Alice Finance, Spar Finance, StarTerra and Loop have all pledged to commit 1% of their total revenue to support Angel Protocol’s charitable endeavors. The notion of charitable giving from crypto communities is by no means new: Vitalik made headlines by donating more than $60M of his unrequested Shiba Inu allocation and there are several organisations such as Giveth who operate on different blockchains. Angel is unique however, in the way that it aims to utilise Anchor Protocol to create sustainable donations which can grow over time.

What happens next?

One of the main hurdles for Angel Protocol is how UST is trusted and perceived by those who want to donate. Their model is specifically built around the concept of long-term donations, so a robust and trusted stablecoin to underpin it all is essential. In this regard, the recent development in UST peg insurance from Unslashed and Anchor smart contract cover from Nexus Mutual, InsurAce and Bridge Mutual is a significant step in the right direction. Angel Protocol’s roadmap (pictured below) aims for the end of 2021 for full market functionality and the important step of off-ramp integration. Beyond this, there is huge scope for integration across the Terra ecosystem; for example, Angel has hinted at utilising the upcoming Pylon Protocol developments for more tailored giving opportunities or team up with third parties for additional rewards and yield opportunities from donations.