What is Apollo?

Apollo is a Yield optimizer protocol native to the terra blockchain that consists of many vaults that contain liquidity tokens of mirror, pylon, and anchor assets. Users can either put liquidity tokens into vaults directly or zap into one of the vaults by buying the liquidity tokens with UST. Apollo maximises users returns by auto compounding the rewards created by the liquidity tokens put into the vaults.

The two graphs above show the amount of funds entering Apollo vaults by vault number. The first graph shows the value of all of the LP tokens directly entering the vaults and the second graph shows the value of the LP tokens being zapped into Apollo. These graphs show users of Apollo are zapping in assets at nearly 10 times the rate than they are moving LP tokens into the protocall. additionally these graphs reveal that the two most popular asset pairs on Apollo are ANC-UST and MINE-UST.

The addresses on the graph above are the top depositors in Apollo all of the 10 depositors put in over 1 million USD worth of value into Apollo vaults.