Apollo Inflow

ApolloDAO is a yield aggregator protocol where it basically helps you auto-compound your gain thus helps to boost your APY. That is why the yield APR on ApolloDAO are higher than the return APR on the original protocol webapp such as the Mirror-UST farming and ANC-UST governance LP. First we identify the contract address for users to interact with ApolloDAO smart contract: terra1g7jjjkt5uvkjeyhp8ecdz4e4hvtn83sud3tmh2

ApolloDAO was launched on September 14 which is why we see the very high activity on this date. There are two ways users can deposit into ApolloDAO;

Deposits $UST - the protocol will split the amount by 50/50 and mint a liquidity pair (LP) token and stake it into vault.
Deposits existing LP tokens that has been minted by users on original webapp or on Terraswap.

There are three stage of apollo farming. First one is for OG, second for community farming and third which is currently ongoing is phase 2 of community farming.

The largest LP tokens deposited was by far ANC-UST token as this vault offers the highest APY out of other vaults with over 100%+ APY.

On 14th September there is some significant spike of inflow from bridge which signifies there are some new funds coming to Terra for ApolloDAO.

There is also inflow of over 40M USD on 14th September coming from CEX. Most of it in form of $LUNA but there are some $UST and $KRT. To my knowledge, only Kucoin thus far support $UST.

Most of the funds on 14th September coming from Kucoin and Binance.

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Apollo Inflow