Akropolis (AKRO) API and Price Oracle

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Akropolis

AKRO
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x8Ab7...53d7
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Akropolis (AKRO)?

Akropolis (AKRO) is a decentralized finance (DeFi) platform that aims to provide users with a suite of financial products and services. It allows users to access savings, loans, and investments all within the blockchain ecosystem. Founded in 2017 by Anastasia Andrianova, Akropolis is focused on addressing the need for transparent and accessible finance. The name "Akropolis" is derived from the Greek word for "citadel," symbolizing the platform's goal of providing a secure and fortified financial infrastructure.

How does Akropolis work?

Akropolis is a decentralized finance (DeFi) protocol that aims to provide users with access to various financial services such as lending, borrowing, and pensions. The underlying technology behind Akropolis is blockchain, specifically the Ethereum blockchain.

Akropolis leverages smart contracts, which are self-executing agreements that enable trustless interactions between users. These smart contracts are deployed on the Ethereum blockchain, ensuring transparency, immutability, and security.

The functioning of Akropolis revolves around three primary modules: Delphi, Sparta, and AkropolisOS. Delphi is the core module responsible for managing pensions and investments. It allows users to contribute their funds into a pension fund, which is then managed and invested by the protocol.

Sparta is the lending and borrowing module of Akropolis. It enables users to provide liquidity by depositing their assets into pools and earn interest. Borrowers can borrow assets from these pools by providing suitable collateral. Through Sparta, users can access loans on favorable terms, eliminating the need for traditional financial intermediaries.

AkropolisOS acts as the operational layer that governs the protocol's functionality. It ensures seamless integration between the different modules and provides a user-friendly interface for interacting with the protocol.

By utilizing blockchain technology, Akropolis offers users a transparent, secure, and efficient platform for managing their financial needs. It removes intermediaries, reduces costs, and empowers individuals to have greater control over their finances.

What are the benefits of Akropolis?

Akropolis offers several benefits that distinguish it from its direct competitors. Firstly, Akropolis is a decentralized finance (DeFi) protocol that aims to provide users with a wide range of financial services, including lending, borrowing, and staking. With its modular architecture, Akropolis allows for flexible and customizable solutions to meet different financial needs.

Compared to its direct competitors, Akropolis stands out in terms of security. It has implemented unique security measures, including formal verification and third-party audits, to ensure the safety of its users' funds. This commitment to security is crucial in the DeFi space, where hacking and fraudulent activities are a concern.

Another key benefit of Akropolis is its user-friendly interface. The platform has made efforts to simplify the user experience, allowing even non-technical users to participate in DeFi activities easily. The intuitive design and accessibility make it easier for newcomers to navigate and use the platform effectively.

Furthermore, Akropolis offers a diverse range of investment opportunities. Users can choose from different pools and strategies to maximize their returns while managing risks effectively. This variety helps users tailor their investment strategies to their specific needs and risk appetite.

In conclusion, Akropolis's commitment to security, user-friendly interface, and diverse investment opportunities set it apart from its direct competitors in the DeFi space. These benefits make it an attractive option for individuals seeking safe and accessible participation in decentralized finance.

What is Akropolis used for?

Akropolis is a blockchain-based platform that aims to provide decentralized finance (DeFi) solutions for users. It offers a range of services that allow users to manage their wealth, borrow and lend assets, as well as access other financial tools within the DeFi ecosystem.

Common use cases for Akropolis include:

1. Wealth Management: Akropolis enables users to effectively manage their digital assets by providing features such as portfolio tracking, asset allocation, and automated rebalancing. Users can utilize the platform to diversify their holdings, optimize their investment strategy, and monitor their performance.

2. Borrowing and Lending: Akropolis facilitates decentralized lending and borrowing through smart contracts. Users can collateralize their assets and borrow other tokens based on the value of their collateral. This allows for greater flexibility and accessibility in obtaining loans compared to traditional financial systems.

Elaborating on a specific case, one use case of Akropolis could be retirement planning. By using the platform's features, individuals can create a decentralized retirement fund by investing in various assets within the DeFi ecosystem. Utilizing Akropolis's wealth management tools, users can monitor their retirement portfolio's performance, adjust their asset allocation, and benefit from automated rebalancing to maximize their long-term returns.

Overall, Akropolis provides users with the ability to take control of their financial future by offering a range of DeFi services. Whether it's managing wealth, borrowing, lending, or planning for retirement, Akropolis aims to empower individuals to make informed financial decisions in a decentralized and secure manner.

What is DIA's Akropolis API?

DIA’s Akropolis API is a powerful tool that provides real-time price feeds for cryptocurrencies and NFTs. These API endpoints offer developers access to accurate and reliable market data. The data used to construct DIA's price feeds is sourced from a wide range of on-chain and off-chain exchanges, totaling over 85 in number. This extensive data collection process allows DIA to offer a level of accuracy and detail that other web3 data providers simply cannot match.

While DIA provides free API endpoints for developers to test, the real value lies in their custom feeds. These custom feeds can be tailored to meet specific requirements, including preferred sources, methodologies, and update mechanisms. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

The use cases for DIA’s API are vast and varied. In the DeFi space, the price information provided by DIA can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi sector, the API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

In summary, DIA's Akropolis API empowers developers with real-time price feeds for cryptocurrencies and NFTs. While free API endpoints are available for testing, the true value lies in the ability to create custom feeds that are tailored to specific needs. This flexibility makes DIA's API an invaluable resource for the blockchain ecosystem, enabling a wide range of applications across DeFi and NFTfi sectors.

What is DIA's Akropolis price oracle?

DIA's Akropolis price oracle is a smart contract that provides real-time price feeds of cryptocurrencies and NFTs. What sets DIA apart is its integration with over 35 layer 1 and layer 2 networks, allowing them to deploy price oracles on multiple blockchains. These oracles are constructed using raw data from more than 85 on-chain and off-chain exchanges, ensuring accurate and reliable price information.

While DIA offers free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA also offers custom configuration for price feed oracles. Users can request a tailored feed with specific sources, methodologies, and update mechanisms to meet their unique requirements.

To request a custom feed, users can reach out to DIA via Discord or Telegram. The ability to customize price oracles makes DIA's solution highly versatile and adaptable to different use cases.

DIA's price oracles have a wide range of applications within the blockchain ecosystem. In the DeFi space, they can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi space, DIA's oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other possibilities.

In summary, DIA's Akropolis price oracle offers real-time price feeds for cryptocurrencies and NFTs. While free demo oracles are available for testing, users can request custom configurations for their specific needs. These custom oracles support a wide array of applications in both DeFi and NFTfi sectors. By leveraging DIA's custom oracles, users can access accurate and tailored price data to enhance their blockchain-based projects.

(Note: A blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts.)

Why use DIA's AKRO API & price oracle?

DIA's AKRO API and Price Oracle offer a range of benefits for users in the blockchain ecosystem. By utilizing DIA's technology, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle for the specific token in question is the high level of customization available.

Each oracle and API endpoint can be tailored to meet the specific needs of decentralized applications. This includes configuring settings such as the data sources that make up the feed, data cleaning filters, pricing methodologies, and update mechanisms. The ability to customize ensures the data and oracle remain robust and resilient to market conditions, providing global and specific market prices for individual or cross-chain use.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency throughout the entire data journey. This ensures users have a clear understanding of the data sources, cleaning filters, pricing methodologies, and update mechanisms used in generating the price data.

Furthermore, DIA offers tracking and monitoring tools to closely monitor their oracle and API feeds. This allows users to have real-time visibility into the accuracy and reliability of the data, ensuring trust and confidence in the provided information.

Overall, DIA's AKRO API and Price Oracle offer the advantages of customization, transparency, and monitoring, making them a valuable resource for accessing accurate and reliable price data in the blockchain ecosystem.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.