According to an announcement Yearn.Finance joined forces with Akropolis to boost institutional outreach. Akropolis is a DeFi protocol that offers many products as well as features undercollateralized loans and yield optimization.
This merger has the same characteristics as the Cream Finance merger, which hit the community last week. Both Akropolis and Yearn.Finance will be as independent as they have been in terms of their product line and tokens. This is what we could gather from the announcement which they made.
But another characteristic emerging from the merger shows that Akropolis will now integrate Yearn.Finance vault. Also, Akropolis will start publishing its strategies for yield farming on the Vault V2 platform.
What Will the projects gain from each other?
When it comes to the teams of the projects, both Yearn Finance and Akropolis teams will join forces to achieve a mutually beneficial relationship. The developers of Akropolis can build strategies based on the Yearn growing ecosystem of which Cream’s lending platform is also a part of it.
On the other hand, Akropolis will bring its expertise in business development to assist Yearn Finance. It will also share its institutional contacts with the new partner.
Akropolis will also move its two products Sparta and AkropolisOS, which don’t relate to yield generation, to open-source mode. They will then concentrate development on an institutional front end so that professional traders can use the Yearn-Akropolis ecosystem.
We also learned that Akropolis would bring IOU token that’ll track losses arising from the recent hack against its network. They aim to redirect all the profits made on the platform into this new token fund so that they can pay the people who lost funds in the attack.
Moreover, the Akropolis assures the community that they’ll integrate insurance protocols so that users can be more secure. This is maybe because their partner, Yearn Finance, now has Cover protocol in its ecosystem.
Akropolis on Partnering with Yearn Finance
According to Akropolis, it is wrong to refer to this partnership as a merger. Although the projects used the word when making the announcement, it seems that one party disagrees. It seems that if Akropolis wants to integrate with the Yearn.finance ecosystem unilaterally, it could do it because most of such integrations are permissionless due to the DeFi nature.
But the community is enthusiastic that the teams will co-operate for a long time because each has unique strengths that the other can utilize.