In this article, What is the Acropolis (ACRO)? We will try to answer the question.
In this article, What is the Acropolis (ACRO)? We will try to answer the question.
What is the Acropolis (AKRO)?
Acropolis is an Ethereum project that aims to provide the framework and tools for creating Decentralized Finance (DeFi) products for users to borrow, lend and invest.
Developers can create DeFi products through AkropolisOS, a Solidity framework for building and managing complex applications and protocols.
The AKRO is the local government token of the Acropolis, used to vote in platform governance and collect revenue dividends from Acropolis-based products. In the future, the AKRO will also be used to participate in AkroChain’s Representative Evidence consensus mechanism.
As of writing, there are two products built on the Acropolis:
Sparta: A lending protocol where liquidity providers can earn interest by providing assets for others to borrow. Borrowers in Sparta are allowed to borrow assets up to 200% of the value of the collateralized assets.
Delphi: A yield farming aggregator that allows users to earn return on savings, earn reward tokens from integrated protocols, and invest in variable assets (either with an active approach or a passive dollar cost averaging strategy).
How Does the Acropolis Work?
Akropolis aims to give its users the ability to both launch new DeFi protocols and grow their crypto assets using a DeFi dapps suite that can help them manage.
This is because every protocol or dapp created on AcropolisOS acts as an Autonomous Finance Corporation (AFO) designed to operate without the need for a third party.
AFOs are member-owned financial institutions built on a distributed network, and their purpose is to operate something like a company without hierarchical management.
AkropolisOS
AkropolisOS is a software development kit (SDK) provided by the Akropolis team to help developers create decentralized applications (dapps) on their platform.
The SDK comes with a suite of smart contract modules that allows developers to customize their dapps. Additionally, AkropolisOS also comes with tools to manage various DeFi protocol integrations (such as Compound and Maker).
All in all, Acropolis is software that allows developers to launch decentralized applications (dapps) that provide cryptocurrency-based financial services that users own and operate.
In this way, the Acropolis aims to serve as a platform for many decentralized finance (DeFi) tools, all operating within a common framework called acropolisOS. Examples of framework-enabled dapps include protocols for savings, lending, and investment services.
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