ApolloDAO

Neutron Grants Program Batch #4 — ApolloDAO

Thesis

We have decided to award a grant with a maximum size of $80,000 to ApolloDAO to build vaults for the launch of the liquid staking protocol Drop, Fission Finance, and other use cases on Neutron. Apollo is an experienced team within the Cosmos ecosystem and this grant will help them provide users with user-friendly ways to access yield on Neutron.

Summary

Apollo is designed to supercharge the yields on Liquid Staking Derivatives (LSDs) easily and user-friendly. They have three unique products at present. (1) Apollo Vaults: Apollo Vaults tokenize yield opportunities, enabling supercharged yield on LSDs and USD; (2) Apollo Safe: Apollo Safe is the easiest way to secure, manage, and govern a multi-sig wallet on the Cosmos ecosystem.

Grant Deliverables

The deliverables are as follows:

• Launch of Apollo's Volatility Farming Vaults with Drop Integration for applicable assets
• Launch of Apollo <> Fission Max Yield Vault and Mars USD Vault
• Reaching $8M in total value locked on the vaults above

For Milestone 1 completion, the criteria are as follows:

• Launch of Apollo's Volatility Farming Vaults w/ Drop Integration for applicable assets

For Milestone 2 completion, the criteria are as follows:

• Launch of Apollo <> Fission Max Yield Vault and Mars USD Vault

For Milestone 3 completion, the criteria are as follows:

• Reaching $8M in TVL, $5K paid out in $2M increments

Grant Payment Terms

• Upfront Payment: $30,000 USDC
• Milestone 1 Payment: $15,000 USDC
• Milestone 2 Payment: $15,000 USDC
• Milestone 3 Payment: $20,000 USDC ($5,000 USDC for each $2M of TVL up to $8M in TVL)

Further information

• Website: https://apollo.farm/
• Social Media: https://x.com/ApolloDAO