Hello Winemakers,
We had a great November, no doubt. Let’s recap it all below!
We officially announced the completion of a $2.6M raise led by Greenfield Capital earlier this year, allowing us to keep building DeFi's interest rate protocol with our all-star team.
https://twitter.com/APWineFinance/status/1592102298385162240
Our 2.0 release is also coming along nicely.
The basic UI is almost all there and functional, and we are aiming for a closed Beta in late December/early January. We've also deployed our Subgraph on Goerli. Complete documentation is on the way. The remaining Winelisting 4 pools, including Arbitrum’s batch, will soon be deployed on 1.0.
We've also been doing a lot of research lately, including market-making incentives for yield derivatives, systemic risk in DeFi, and revamping our protocol's incentives and tokenomics.
A kind reminder that the stability and profitability of the DAO is the core focus of 2.0’s.
Events & People
On the events side in November, the team participated in several events, including our 2nd Edition of Web3 DNA in Paris and Cryptoplaza in Barcelona.
Web3 DNA was (again) packed with youth keen to learn all things Web3 and connect with fellow enthusiasts:
https://twitter.com/DNAWeb3/status/1597909618440962048
On November 18, Gaspard attended Crypto Plaza to talk about standards for yield protocols with some sweet shots from DeFillama’s dashboard:
https://twitter.com/APWineFinance/status/1593653533106208769
On the governance side, around 50% of the APW circulating supply is now locked, signaling long-term confidence in the project from DAO members and investors of all sizes. The proposal to reduce V1 incentives has also passed, resulting in low emissions and less dilution for current holders.
The team is also working on a University Program similar to Aave's delegates.
The educational content on ERC-4626 has been shared via Twitter and has been well-received by the community. Gaspard has shared details on the revamped liquidity provision experience coming with 2.0, while Ulysse educated twitter on the importance of ERC-4626 which will be coming to 2.0.
A new PM, Chen, has been hired and is already helping improve inter-departmental communication. We’re still looking for a senior front-end and lead designer and have started sharing coworking offices in Paris for part of the local team there.
Thank you, everyone, for your continued support!
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).
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