It’s here! This Monday, 12 July 2021, Apollo Protocol launches on BSC. Consider the Monday launch a beta test for the new and improved protocols. We will start slowly: 5% of the total supply of AOX and AOZ will be released to users on the BSC airdrop list. From there, we will ramp up over time, as we monitor stability and as users become acquainted with the system. Sunday, 11 July, we will host an AMA on Discord (tentatively scheduled for 10PM Eastern). Wednesday, 14 July we’ll host another — giving beta participants and the broader community alike a chance to discuss the updates to Apollo.

We are deeply grateful to this community for your patience through long months, sparse updates, and volatile market conditions. Most of all, we are grateful for your dedication to what is the most complex and ambitious DAO to date. Together, we will build a fully collateralized, decentralized stablecoin (AOY), and later a hedge against inflation (AOX).

Starting today, Colton Cummings (@coltron45) will take over as CEO, and Michael Klene (@CK637) will assume duties as COO. Ashwin Somasundaram and Austin Masterson will remain as senior advisors, and continue to play an active role in operations.

A note from Colton and Michael:
“Consider us extensions of Ashwin’s ethos. We strive to meet the standards of transparency and integrity set by @ApolloCEO and the Apollo Protocol team, and to that end, we are available to answer any comments and questions.”

Colton’s LinkedIn || Michael’s LinkedIn || Apollo Discord

I'm currently sending out the AOX and AOZ airdrops for this beta test. To start, you'll each receive 5% of your total allocation. We're starting slow :]

The new dashboard is live at bsc.apolloprotocol.org. You can stake, but nothing will move (no epochs will advance) until about 11 hours from now (I'm told the site will start working on mobile at that time).

Two very important notes before you jump in:

-With the current rebasing schedule, Permalocking is simply not a viable strategy. We'll have more details on this soon, but TL;DR: at the current .05% maximum rebases, it's not likely worth permalocking. It will become more viable as we increase the maximum rebase cap.

-Coupons can only be redeemed manually by interacting with the contract on BSCscan. We'll have instructions for that soon.

Documentation on these details, and the new mechanics in general will be coming ASAP, and we're happy to answer questions in the meantime.

Current breakdown—

7-day lockup for each action (adding LP, staking additional tokens, and locking additional tokens resets this timer)
10% fee on staking

Rewards distribution from positive rebases-
Liquidity: 40%
Sharepool: 8%
DAO: 2%
Treasury: 10%
Permalocking: 40% (see: pinned warning)

We'll have more documentation after the new site deploys, but for now this should help understand the system before jumping in. Take your time, don't permalock, and be sure to ask any questions :)

https://docs.google.com/document/d/1GOgwE1_H2LZ-9tUeo7RQfSFz_VN-KHo25FY-ZWnI2u0/edit?usp=sharing

The dashboard now correctly shows AOZ in SharePool, and AOX-BUSD in liquidity.

AOX and AOZ are both on Dextools, now, too!

https://www.dextools.io/app/pancakeswap/pair-explorer/0xcda4a17c1f3c249f56984859a2db77284614717e

https://www.dextools.io/app/pancakeswap/pair-explorer/0x646e3bf12a3c3f8e4d64b296eed112ada25f5531

Looking forward to advancing today's epoch. By now the TWAP (please @ me if you'd like to hear more about this) should have caught up to the current spot price of AOX, so the system should start minting rewards. Hopefully today we get to see some of Apollo in action!

Allocation #2 is coming today! With player's guide, FAQ, and a guide to our airdrop process.

Tranche #2 of the airdrop is out! Everyone who didn't sell their first drop should now have 10% of their total allocation.

Check out our updated player's guide: https://medium.com/@Apollo_Protocol/apollo-protocol-players-guide-beta-8ea1393a528c

Our launch/airdrop guide: https://medium.com/@Apollo_Protocol/launch-allocations-25726ffb747c

Our FAQ: https://medium.com/@Apollo_Protocol/apollo-protocol-faq-522b0f6281aa

And a short glossary of terms!
https://medium.com/@Apollo_Protocol/apollo-protocol-glossary-138b33a33e44

Everyone who didn't receive their second drop of AOZ: you should have it now!

Today, we start work on an update to the Apollo dashboards! Coming soon: mobile friendliness.

Next drop will go out today! Per Ashwin's advice, I'm going to push AOX a lot higher over the peg so we have more of a buffer. If we can keep it there, we can market. In other news, expect an update on the progress of the website in the next week.

The 9/29 airdrop is sent. You should now have 15% of your total allocation, and the next 2.5% will come in two weeks.

🎉 The next drop is out! 2.5% this time, and another at the end of the month.

⚠️ Reminder: To keep AOX above the peg and rewards minting during early testing, we can no longer allow selling half your allocation to mint LP. This isn't forever, though; we appreciate your understanding!

🎉 Hi, everyone! The next 2.5% is out.

We're looking forward to getting the dashboard updated for mobile, and expect to see that soon! Stay tuned.

I am pushing today's airdrop until I see rewards minting again.

🎉 One more drop is out!

The next allocation is scheduled for 12/1

🎉 Next batch is out!

Time to push AOX back over the peg. Once more unto the breach.