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apy.finance  (APY)

APY.Finance (APY)

$1.10 -18.1%
0.00002432 BTC -10.7%
0.00031138 ETH -11.3%
18,322 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$1.08 / $1.34
Circulating Supply
29,992,451 / 100,000,000
Fully Diluted Valuation
Max Supply

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APY.Finance Price and Market Stats

APY.Finance Price
APY Price $1.10
Market Cap $32,880,368
Market Cap Dominance 0.00%
Trading Volume $2,368,352
Volume / Market Cap 0.0707
24h Low / 24h High $1.08 / $1.34
7d Low / 7d High $1.18 / $1.43
Market Cap Rank #654
All-Time High $7.04 -84.3%
Feb 13, 2021 (3 months)
All-Time Low $0.188796 485.7%
Dec 24, 2020 (5 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 APY/ETH Info 0x95a4492f028aa1fd432ea71146b433e7b4446611
0.0003065361583551 ETH
0.6% $75,197 $74,971
897566.592 0X95A
40.87% Recently
2 APY/USDC Info 0x95a4492f028aa1fd432ea71146b433e7b4446611
1.09235324751829 USDC
0.6% $47,708 $47,565
243403.745 0X95A
11.23% Recently
0.00032392 ETH
2.05% $38,774 $11
59815.000 APY
2.87% Recently
1.122 USDT
0.18% $195 $116
838078.000 APY
39.74% Recently
1.0994 USDT
0.16% $124 $252
147838.465 APY
6.87% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

About APY.Finance Coin

APY.Finance price today is $1.10 with a 24-hour trading volume of $2,371,422. APY price is down -18.1% in the last 24 hours. It has a circulating supply of 30 Million APY coins and a max supply of 100 Million. Uniswap (v2) is the current most active market trading it.

What is APY.Finance?

APY.Finance is a smart contract protocol that functions like a robo-advisor for yield-farming. It offers a single place for users to deposit their tokens and the protocol will then do all the work in pooling liquidity from other users, rebalancing the portfolio, and distributing gas costs evenly. In short, APY.Finance makes it cheaper for users to participate in yield-farming.

apy finance home page

What are APY tokens?

The APY token is APY.Finance’s native governance token. As the platform is developed further, APY tokens will be used to shape the direction of its future.

APY tokens will be developed in 3 stages:

  • Stage 1 - Token holders can vote to change system parameters such as fees and rebalance thresholds
  • Stage 2 - Token holders can vote to change the parameters of the strategies such as locking periods and collateralization ratios
  • Stage 3 - Token holders can vote for new strategies to be implemented for the portfolio

You may read APY.Finance’s Medium post to know more about the APY tokens and its tokenomics.

How does APY.Finance work?

Users will first deposit stablecoins such as DAI, USDC or USDT into the APY Liquidity Pool. Upon depositing their stablecoins, users will be given an amount of APT tokens proportional to their share of the pool. Users can withdraw their funds and yield-farming profits at any time by redeeming their APT tokens.

apy finance user interface

After a deposit is made, APY.Finance will automatically direct the funds to yield-farming strategies. The platform’s smart routing system redirects the funds not just solely with the intention of capitalizing on the highest yield, but also based on the risks involved. 

Capital is distributed based on a strategy’s risk score, represented by a number between 0 and 10 to the power of 18. A strategy’s initial risk score is set when the strategy contract is deployed. This risk is assessed by the team based on a variety of factors. 

If a strategy has high yield but also high perceived risk, some capital will be allocated to capture the upside but only a limited amount to reduce the downside. To know more about how the platform works, you may refer to this Medium post.

How do I get APY tokens?

Besides that, you can obtain APY tokens by purchasing them from decentralized exchanges such as Balancer or Uniswap. You can also find APY trading on other various centralized and decentralized cryptocurrency exchanges.

You can also earn APY tokens by participating in the liquidity mining and liquidity provider rewards program. To earn APY tokens through liquidity mining, users can deposit stablecoins into the APY.Finance’s liquidity contract. The liquidity provider rewards program lets users receive APY tokens for providing liquidity to the Uniswap and Balancer pools. 

The rewards are proportional to the amount of stablecoins or LP tokens provided. APY tokens earned will be vested block-by-block over a 6-month period, using the Synthetix vesting contract.

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