In our new GoodWill Yunting episode, we invite back on our old friends Anon Intern and Bruce from Apollo DAO. Apollo was originally built on Terra but since the crash they have regrouped and built out an exciting new protocol on the Cosmos chain. We begin by talking about why they originally chose to build out in the Luna chain. They discuss the opportunity they saw of bringing and capturing value to a new, budding ecosystem despite knowing the risks of the algorithmic stable coin. After the downfall of Luna, they didn’t give up but instead decided to build out a new and upgraded protocol on Cosmos using all they had learned. They discuss why they chose to build out on Cosmos SDK, what opportunities they see there, and all the exciting projects being created and utilized in the ecosystem. We get into the first product launched on Apollo, leveraged LP vaults. Discussing the leveraged LP vaults, it becomes clear why it’s a great foundational building block for the platform and the Cosmos ecosystem in whole, such as how leveraged LP positions create a new level of customization and management for Liquidity Providing users. Finally, we end on some alpha on what’s to come in the short term for Apollo along with their ambitious long-term visions on how they want to build out in a number of different ways to serve users, the Cosmos ecosystem, and token holders.
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Big thank you to Anon Intern and Bruce for taking the time out of their day to talk crypto with us. You can find them on Twitter @AnonNGMI and @Cosmic_ape1. Feel free to tweet or message me @TheRogueItachi. You can find the pod on Twitter @GoodWillYunting