Akropolis and Yearn announced a merger to join forces in development, specializing services, and improving their presence in the DeFi sector. According to their announcements, the Akropolis merger didn’t need governance approval because they’re two open-source networks that are just going to combine their efforts after the merge.
More Collaboration in the DeFi Secor
Mergers and partnerships in the DeFi sector play a vital role in the overall growth of the industry. Teams can share their expertise, which results in faster developments. Besides, the participants can keep their area of service while receiving help from each other.
Yearn.Finance announced the merger first. According to the blog post:
“The contributors at Yearn and Akropolis join forces to capitalize on each other’s strengths and to enable each team to specialize further and focus on what they do best. Yearn will continue to develop best-in-class Vault and Lending protocol solutions. Akropolis becomes the front-of-house institutional service provider of these, offering bespoke access to their network of clients, with investment strategies tailored specifically to them.”
The announcement says that Akropolis and Yearn teams will continue working on their focus areas. But after the merger, they will serve multiple parts of the industry by focusing on a specific part.
One of the essential results of the merger between Akropolis and Yearn is that they will merge development resources. Besides, Akropolis will receive access to Yearn, Pickle, and Cream products. They will be able to integrate their DCA solutions to those products, too. On the other hand, Yearn will get access to Akropolis’ new investment strategies.
Akropolis team has been very active in connecting to institutional customers. They have considerable expertise in business development, too, that can surely help Yearn.
There will be new vaults, institutional apps, strategies, and a token to track losses after the merger between Akropolis and Yearn. According to Yearn blog post:
“Akropolis become the institutional service provider of the combined Yearn & Akropolis product suite. The new Akropolis app will offer institutional clients bespoke services that integrate Cream v2 and result in additional revenue streams to the Akropolis protocol.”
The new close partnership between Akropolis and Yearn shows the synergy in the ecosystem to complete their services. These two are combining their products and will be able to serve a broader user-base for sure. Akropolis team is very optimistic about the recent merger and hopes the new partnership result in better yield products for the industry.
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