The Akropolis Protocol is a decentralized finance (DeFi) protocol that focuses on under-collateralized loans and other financial services. The Akropolis Delphi Token (ADEL) was launched on the Ethereum mainnet in August 2020, and since then the Akropolis team has made several updates, including the POC-Polkadai bridge, a Parity Substrate Blockchain bridge for self-transfers of DAI Token (ERC20) to sDAI (ERC20 representation).The Akropolis Protocol is integrated with Yearn, MCDEX, Liquity, Maker, Fulcrum, Aave, Compound, Curve, and dYdX, and users can now pay in currencies other than ETH through integrations with OpenGSN. The protocol also has insurance protection from Nexus Mutual/Opyn to guard against hacking and programming flaws.The main reason why the Akropolis (AKRO) price is going up is the increased activity on Akropolis, especially after the recent update. The Akropolis Protocol is a collection of Ethereum-based DeFi aggregation and automation initiatives. Akropolis seeks to offer DeFi equivalents of essential financial services like access to credit with lenient terms and insurable savings (variable and fixed rate savings deposits). The platform is also integrated with Digital Currency Group (DCG) and Genesis Global’s creditors, who have struck an in-principle agreement to settle the claims that surfaced during the crypto lender’s bankruptcy proceedings. Unsecured creditors may receive a recovery of between 70% and 90% in US dollar equivalent, potentially settling lingering disputes and securing a fair recovery for creditors.The price of Akropolis (AKRO) cryptocurrency has risen by 441% over the past year, and in the past 24 hours, the coin has surged by 30% to trade at $0.0192. This makes Akropolis one of the best-performing cryptocurrencies in 2023. DCG has also agreed to make a further $275 million payment, which will be made in four equal installments. These payments, which will take care of the maturing debts connected with the unsecured loans due in May 2023, are scheduled to be made after the partial repayment agreement date. The agreement is still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Opyn., Ad Hoc Group, Digital Currency Group, Nexus Mutual, Gemini |
| Companies | Ethereum, LLC, Parity Substrate Blockchain, Genesis Global Holdco, DAI Token (ERC20), Genesis Global Capital, Genesis Asia Pacific Pte. Ltd., sDAI (ERC20 representation)., Nexus Mutual/Opyn, Digital Currency Group (DCG), OpenGSN |
| Currencies | us dollar, sdai., ethereum, dai token, bitcoin |
| Securities |
