FAQs

https://docs.yearn.finance/resources/faq

1.What does ACY do?

ACY consists of a group of talented youth from Tsinghua University and Stanford University. Our team is filled with young professionals who come from quantitative finance and stock market backgrounds, and who have much to offer with their rich entrepreneurial experience, blockchain industry experience, and hard-core technical abilities.

ACY Finance is an anti-robot decentralized exchange. For the first time in the history, investors are able to out-maneuver arbitrage bots and reclaim value previously lost to MEV. In the past, MEV bots were invincible. In this new world created by ACY, investors will now have the upper hand.

2.What is a MEV bot and why is it so powerful?

MEV stands for Miner Extractable Value. MEV refers to the value miners can obtain from exploiting their power to determine the arrangement of transactions in a block, often at the expense of users. In simple terms, Miners are executing arbitrage transactions on us, the users. And currently Miner arbitrage bots are the king, trumps every other arbitrage bots.

3.What can ACY provide to address the issue of MEV bots?

We have created a DEX that is capable of taking back the arbitrage revenue that has long been taken by arbitrage bots, including miner bots, regular bots. We achieved this milestone with our innovative solution named Flash Arbitrage.You might have heard of Flash Loan where the it happens in a block, our context is even more specific where flash arbitrage happens in one single transaction.

Our swap transaction is different from any other transactions. When user do swap on our DEX, we will automatically do an arbitrage for the swap, and the benefits will go to the users and LPs. All of these happen in one single transaction. This means that any other arbitrage transactions after our swap transaction will have no more arbitrage opportunity.

4.How does Flash Arbitrage work exactly?

This is a block with normal arbitrage bots transactions. You can see that bots are also fighting for arbitrage opportunities. When they see an arbitrage opportunities, they will immediately initiate their arbitrage transactions.

This is a block with MEV transaction, where the Miner arbitrage bot has inserted its arbitrage transaction right after User's transaction, although Miner probably initiated its transaction way later than those arbitrage bots.

And here is our solution. We have done the arbitrage in our swap transaction, nobody can get the arbitrage benefits but ACY only.

5.What's the difference between ACY and other swaps?

The potential revenue you can make on ACY is a whopping up to 10 times what you can make on Uniswap v2. Below is an example from our simulation of a large transaction on both Uniswap and ACY platforms:

6.What's ACY's token utility? How can users benefit from it?

This can be broken down into three parts:

  1. Governance, where you need to have certain amount of ACY to be able to participate the governance of our community.

  2. Pro version access, a higher yield version we created for our loyal users, which would require them to stake their tokens to gain the access. Details have been included in the documentation. All of our documents will be available when the HDO starts.

  3. Buy and Burn, Flash Arbitrage is done in every swap transaction that is made by the users. Therefore, the revenue of flash arbitrage is a constant stream of income of the protocol. So how do we distribute it? Half of the income is used to purchase token, so that the price of token will rise each and every time a user makes a transaction. Burning of our token is done on monthly basis as well.

P.S. More details of our tokenomics will be announced together with our HDO, stay tuned for the HDO announcement!

7.Who should I contact if I have questions?

We can be reached via the following channels:

PreviousTransaction FeeNext101 Series

Last updated