Please note this is an archived (and edited for clarity) post from August 11, 2021 migrated from Medium.com APWine is a protocol for tokenizing yield and an AMM for trading tokenized yield. The tokenizing yield concept enables speculating, hedging, borrowing, and leveraging assets with new (to defi) strategies. Tokenizing yield has motivated several teams in the DeFi space, including yours truly, to develop products that will serve these functions. This article will again explore the basics o...