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APWineAPWine is Coming to Arbitrum
Please note this is an archived post from Jul 6, 2022 migrated from Medium.com Dear Winemakers, We are excited to share the outcome of the latest on-chain governance vote, in which the majority of voters chose Arbitrum as the next destination for the APWine Protocol.Voting results First posted by a user CoolGuy on Jan 21, 2022, the APIP 2 sparked week-long discussions between community members weighing the pros and cons of various networks. Six months later, on Jun 20, the APIP was put to on-...
APWineIntroducing 2.0 - DeFi's Ultimate Interest Rate Protocol
In early 2021, after several months of working on testnet releases, we launched a beta version of the APWine protocol on the Ethereum Mainnet. At that time, the primary motivation behind the project was to help DeFi farmers to protect their crops from APY volatility. However, as we talked to our first users and received genuine feedback on the concept, we realized a strong need for more sophisticated tools for all-things interest rates in DeFi. After countless hours of coding, researching, an...
<100 subscribers
APWineAPWine is Coming to Arbitrum
Please note this is an archived post from Jul 6, 2022 migrated from Medium.com Dear Winemakers, We are excited to share the outcome of the latest on-chain governance vote, in which the majority of voters chose Arbitrum as the next destination for the APWine Protocol.Voting results First posted by a user CoolGuy on Jan 21, 2022, the APIP 2 sparked week-long discussions between community members weighing the pros and cons of various networks. Six months later, on Jun 20, the APIP was put to on-...
APWineIntroducing 2.0 - DeFi's Ultimate Interest Rate Protocol
In early 2021, after several months of working on testnet releases, we launched a beta version of the APWine protocol on the Ethereum Mainnet. At that time, the primary motivation behind the project was to help DeFi farmers to protect their crops from APY volatility. However, as we talked to our first users and received genuine feedback on the concept, we realized a strong need for more sophisticated tools for all-things interest rates in DeFi. After countless hours of coding, researching, an...
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Please note this is an archived post from Dec 28, 2021 migrated from Medium.com
APWine is now live on Ethereum Mainnet on Polygon🍾
Several ways to leverage APWine, with novel and unique strategies
Christmas Rewards Boost is live until 2022🎅
We are very excited to announce that APWine is now live on Mainnet and Polygon!
APWine initiated future yield tokenization in the DeFi space more than a year ago, introducing the first futures on the yield on its Beta platform earlier this year. Having developed and iterated for over a year, we are proud to present our V1, on which DeFi users can speculate on the volatility of yields generated by different protocols through 90-day futures pools. In addition to hedging risk on passive revenue, DeFi users can also expand their exposure without owning the underlying assets.
The contracts are publicly verified and available, with an Immune Fi bounty available here.
Several prominent actors conducted audits of smart contracts in the space, including Peckshield, Quantstamp, BlockSec, Hashclock, and independent auditors.
The primitives enabled by APWine are multiple: by tokenizing the principal and yield, it opens the market of derivatives on interest rates, allowing** various strategies** of yield farming, yield delegation, and exposure management. We provide accurate fixed rates for liquidity providers and advance paycheck mechanisms without liquidation. A vital feature of the protocol is its ability to easily be modulated and incorporated into different protocols.
APWine is progressing towards becoming a permissionless and DAO-governed protocol. The APWine community has completed the first of many Winelistings to come which are pool creation events open to all projects interested in enabling their users to access a new class of assets based on yield derivatives as well as increasing the capital efficiency of their token.
Winelistings require proposals to be made by teams, community members, DAO’s, etc on our governance forum and APWine stakeholders to express their interest on the governance portal. Winelistings occur every 30 days, with the next scheduled for January 10th, 2022. An effective governance structure is essential to the success of any decentralized infrastructure, and the new year will be full of proposals and opportunities to decide on important directions for the project.
Say you have 10k USD, and you want passive income and don’t want to be exposed to the volatility of APYs: You can head over to app.apwine.com, and if there is any pool for that asset (i.e TrueFi) with a market APR that suits you, you can convert your funds to PT, and secure this APR in the discount of the PT price. There are no liquidations possible, at the end of the period, you will be able to redeem as much USDC as the PT that you bought
Now imagine that you are a liquidity provider on different pools, but you could use an advance paycheck on your strategy interests to cash out some funds or to use them somewhere else: head over to the pools list, tokenize your interest-bearing token that represents your liquidity position, and receive PT and FYTs. You can now sell your FYTs on the AMM and earn that advance paycheck — cheers 🍷!
How would things be if you were on the other side? For example, if you’re a trader or an analyst and have reason to believe the yield generated by a specific liquidity position will increase drastically over the coming weeks: You can directly buy the FYTs that represent that yield without exposure to the principal capital. Moreover, it becomes trivial to swap yield types: did you just discover another protocol listing new assets and believe its yield will increase further? Just swap your current Yield tokens for those!
Interest rates are the price of liquidity, hence why principal tokens locked during the period are discounted — even if at the end, their holders are always able to redeem 1 underlying token per principal. In other terms, buying discounted assets and waiting for the expiry is a very conservative and safer way of increasing the number of tokens you own without being exposed to other types of volatility. Just buy and redeem at the end. Winemaking is that easy.
As with any decentralized protocol in this peer-to-peer finance space, APWine needs its liquidity providers. They are the ones providing liquidity on the custom APWine AMM, which mitigates IL (impermanent loss) due to the yield-bearing aspect of the assets while allowing anyone to trade tokenized derivatives. LPs generate revenue on swapping fees (0.25%) and incentives (APW emissions) provided by the protocol against their liquidity provision.
To bootstrap liquidity on those pools, a Christmas special, double rewards program is live from the 25th of December until the 1st of January !
4166 APW are allocated to each Mainnet pool, alongside 462 APW per Polygon pool ! The earned rewards will appear in the interface and be claimable retroactively during the first week of 2022, while the incentives program will start on-chain.
In parallel to the bootstrapping of the protocol’s liquidity and continuation of the first winelisting event, we will be focusing on developing our community and governance as the new year begins! Our governance forum is live here and our discord is available there. We look forward to generating integration discussion and improvement proposals :wine:.
What you see today is just the first part of what will be ready by the next grape harvest, so keep an eye out for our first community call and follow the next announcement closely!
The APWine team wishes you very happy end of year celebrations!
APWine is the pioneering protocol for tokenized yield in Web3. Users can leverage the protocol to fix interest rates, speculate on APR evolution or receive future yield in advance (even today).
Build the APWine City with us and connect with fellow Winemakers via:
Please note this is an archived post from Dec 28, 2021 migrated from Medium.com
APWine is now live on Ethereum Mainnet on Polygon🍾
Several ways to leverage APWine, with novel and unique strategies
Christmas Rewards Boost is live until 2022🎅
We are very excited to announce that APWine is now live on Mainnet and Polygon!
APWine initiated future yield tokenization in the DeFi space more than a year ago, introducing the first futures on the yield on its Beta platform earlier this year. Having developed and iterated for over a year, we are proud to present our V1, on which DeFi users can speculate on the volatility of yields generated by different protocols through 90-day futures pools. In addition to hedging risk on passive revenue, DeFi users can also expand their exposure without owning the underlying assets.
The contracts are publicly verified and available, with an Immune Fi bounty available here.
Several prominent actors conducted audits of smart contracts in the space, including Peckshield, Quantstamp, BlockSec, Hashclock, and independent auditors.
The primitives enabled by APWine are multiple: by tokenizing the principal and yield, it opens the market of derivatives on interest rates, allowing** various strategies** of yield farming, yield delegation, and exposure management. We provide accurate fixed rates for liquidity providers and advance paycheck mechanisms without liquidation. A vital feature of the protocol is its ability to easily be modulated and incorporated into different protocols.
APWine is progressing towards becoming a permissionless and DAO-governed protocol. The APWine community has completed the first of many Winelistings to come which are pool creation events open to all projects interested in enabling their users to access a new class of assets based on yield derivatives as well as increasing the capital efficiency of their token.
Winelistings require proposals to be made by teams, community members, DAO’s, etc on our governance forum and APWine stakeholders to express their interest on the governance portal. Winelistings occur every 30 days, with the next scheduled for January 10th, 2022. An effective governance structure is essential to the success of any decentralized infrastructure, and the new year will be full of proposals and opportunities to decide on important directions for the project.
Say you have 10k USD, and you want passive income and don’t want to be exposed to the volatility of APYs: You can head over to app.apwine.com, and if there is any pool for that asset (i.e TrueFi) with a market APR that suits you, you can convert your funds to PT, and secure this APR in the discount of the PT price. There are no liquidations possible, at the end of the period, you will be able to redeem as much USDC as the PT that you bought
Now imagine that you are a liquidity provider on different pools, but you could use an advance paycheck on your strategy interests to cash out some funds or to use them somewhere else: head over to the pools list, tokenize your interest-bearing token that represents your liquidity position, and receive PT and FYTs. You can now sell your FYTs on the AMM and earn that advance paycheck — cheers 🍷!
How would things be if you were on the other side? For example, if you’re a trader or an analyst and have reason to believe the yield generated by a specific liquidity position will increase drastically over the coming weeks: You can directly buy the FYTs that represent that yield without exposure to the principal capital. Moreover, it becomes trivial to swap yield types: did you just discover another protocol listing new assets and believe its yield will increase further? Just swap your current Yield tokens for those!
Interest rates are the price of liquidity, hence why principal tokens locked during the period are discounted — even if at the end, their holders are always able to redeem 1 underlying token per principal. In other terms, buying discounted assets and waiting for the expiry is a very conservative and safer way of increasing the number of tokens you own without being exposed to other types of volatility. Just buy and redeem at the end. Winemaking is that easy.
As with any decentralized protocol in this peer-to-peer finance space, APWine needs its liquidity providers. They are the ones providing liquidity on the custom APWine AMM, which mitigates IL (impermanent loss) due to the yield-bearing aspect of the assets while allowing anyone to trade tokenized derivatives. LPs generate revenue on swapping fees (0.25%) and incentives (APW emissions) provided by the protocol against their liquidity provision.
To bootstrap liquidity on those pools, a Christmas special, double rewards program is live from the 25th of December until the 1st of January !
4166 APW are allocated to each Mainnet pool, alongside 462 APW per Polygon pool ! The earned rewards will appear in the interface and be claimable retroactively during the first week of 2022, while the incentives program will start on-chain.
In parallel to the bootstrapping of the protocol’s liquidity and continuation of the first winelisting event, we will be focusing on developing our community and governance as the new year begins! Our governance forum is live here and our discord is available there. We look forward to generating integration discussion and improvement proposals :wine:.
What you see today is just the first part of what will be ready by the next grape harvest, so keep an eye out for our first community call and follow the next announcement closely!
The APWine team wishes you very happy end of year celebrations!
APWine is the pioneering protocol for tokenized yield in Web3. Users can leverage the protocol to fix interest rates, speculate on APR evolution or receive future yield in advance (even today).
Build the APWine City with us and connect with fellow Winemakers via:
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