Some of might not ne familiar with yield aggregator or auto-compounder but as the name suggest, it basically farm but with some steroid on it. It will claim your reward for you and re-invest to get more LP tokens. They do it very frequent and that is how your APY became much higher.

What makes ApolloDAO special than other yield aggregator like Spectrum Finance is that Apollo also have warchest where a portion of percentage from trade on Apollo will go to. You may notice that there are some performance fees when you deposits into vault, I believe some portion of performance fees will go to warchest. And using this warchest fund, $APOLLO token holders can vote whether they want to buy all available $APOLLO tokens or buy other assets and holders can benefits more. But Spectrum Finance offers higher APY because the rate where they claim the reward and re-invest is much higher. Other than that, Apollo also have feature where user can straight deposits $UST and half of it will be swapped into tokens in the backend.

Since this is farming we talking about, you must do your due diligence and study the risks of depositing to these type of protocol. The most notable risk is the infamous IMPERMANENT LOSS. It is a very complicated topic, but I try to explain in laymen terms. You submit your LP tokens - which represents the % share of your fund in the whole pool. Since it usually paired with a stablecoins - in this case %UST, when the other pair went up in price, some of it will be converted to $UST to maintain 50/50 ratio in that LP so you will lose some value there. Impermanent loss = value of 50/50 if you hold it (without staking anywhere) - your current value of LP farmed.

In this dashboard, I chose MINE-UST Autocompouner Vault since they offer the highest %APY. I did three transactions for this hunt which are;

1. Buy $MINE token.
2. Provide $MINE and $UST to get LP token.
3. Deposit to MINE-UST Autocompounder Vault.

The transactions can be viewed in table below.

Thanks Flipside the data and also for this opportunity.

Apollo has had very successful launch where the first community farming event ended in just few days. Currently, it's undergoing second phase of community event where some % of performance fee will be used to farm $APOLLO tokens at $0.25. As seen in graph below, almost 80M $UST was zapped into on first day.

I can see that Apollo will become one of the most important protocol in Terra ecosystem in the future. If you're reading this, we all still early and will definitely GMI.