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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...
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 22, 2021 migrated from Medium.com
We are hours away from the V1 launch! Before maturing your production batches, let’s practice playing around with all the wine-making tools at your disposal with V1! Welcome to the APWine Testnet tutorial. This is a brief overview of how users will be navigating V1 and the strategies available to them.
APWine V1 is now live on testnet here. Mainnet release is set for December 23rd.
The first thing you have to do is to set your Metamask wallet to the Kovan network.
You also want to have some ETH in your Metamask wallet to pay transaction fees. Kovan Faucet link: https://ethdrop.dev/
Reach out to a team member on our Telegram for Kovan ETH and troubleshooting.
Once your wallet is connected to the Kovan Network, you are ready to test the protocol and its AMM with a custom 90-day IBT called ibtUSD. On Mainnet, the field below will be prepopulated with all of the integrated IBTs that have passed the APWineDAO governance proposal process, aka Winelisting.
Typically, the first step in utilizing APWine requires users to lock and deposit IBT (e.g. aDAI) and generate future yield tokens + PT tokens that can be traded or sold later while the trading period is active.
Click on the ibtUSD future, and a window will appear:
You can mint the FYT (future yield token) and PT (principal token) to test things out.
Go ahead and mint the ibtUSD FYT by clicking on the “ibtUSD Faucet” button on the left.
Press “Continue” to approve ibtUSD and proceed with the deposit.
Now that you have deposited your IBT and minted the associated FYT, you have two strategies to explore.
This is what users will do if they want to receive the market value of their yield in advance. This is a useful strategy to hedge exposure against volatile APY rates.
Adding liquidity as either PT/Underlying or PT/FYT pairs allows users to earn passive income through AMM fees collected from swaps and liquidity mining rewards in exchange for their liquidity provision.
As soon as the 90-day period is over, your wine has matured, you can claim the yield from your original IBT. If you did not withdraw your IBT and have not sold your PT, new FYTs will appear in your wallet when the next period begins.
If you would like to sell your FYT and take profit on unrealized yield in advance, you can sell your FYT for the underlying asset e.g., DAI.
If users believe that the yield rates will increase and they would like more exposure, they can buy more FYT using underlying (native) assets such as DAI by swapping directly on the AMM.
The Portfolio will be your dashboard for viewing all LP positions, rewards accrued, and FYT/PT balances. You will be able to interact with your tokenized assets directly from there, from day one of launch.
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 22, 2021 migrated from Medium.com
We are hours away from the V1 launch! Before maturing your production batches, let’s practice playing around with all the wine-making tools at your disposal with V1! Welcome to the APWine Testnet tutorial. This is a brief overview of how users will be navigating V1 and the strategies available to them.
APWine V1 is now live on testnet here. Mainnet release is set for December 23rd.
The first thing you have to do is to set your Metamask wallet to the Kovan network.
You also want to have some ETH in your Metamask wallet to pay transaction fees. Kovan Faucet link: https://ethdrop.dev/
Reach out to a team member on our Telegram for Kovan ETH and troubleshooting.
Once your wallet is connected to the Kovan Network, you are ready to test the protocol and its AMM with a custom 90-day IBT called ibtUSD. On Mainnet, the field below will be prepopulated with all of the integrated IBTs that have passed the APWineDAO governance proposal process, aka Winelisting.
Typically, the first step in utilizing APWine requires users to lock and deposit IBT (e.g. aDAI) and generate future yield tokens + PT tokens that can be traded or sold later while the trading period is active.
Click on the ibtUSD future, and a window will appear:
You can mint the FYT (future yield token) and PT (principal token) to test things out.
Go ahead and mint the ibtUSD FYT by clicking on the “ibtUSD Faucet” button on the left.
Press “Continue” to approve ibtUSD and proceed with the deposit.
Now that you have deposited your IBT and minted the associated FYT, you have two strategies to explore.
This is what users will do if they want to receive the market value of their yield in advance. This is a useful strategy to hedge exposure against volatile APY rates.
Adding liquidity as either PT/Underlying or PT/FYT pairs allows users to earn passive income through AMM fees collected from swaps and liquidity mining rewards in exchange for their liquidity provision.
As soon as the 90-day period is over, your wine has matured, you can claim the yield from your original IBT. If you did not withdraw your IBT and have not sold your PT, new FYTs will appear in your wallet when the next period begins.
If you would like to sell your FYT and take profit on unrealized yield in advance, you can sell your FYT for the underlying asset e.g., DAI.
If users believe that the yield rates will increase and they would like more exposure, they can buy more FYT using underlying (native) assets such as DAI by swapping directly on the AMM.
The Portfolio will be your dashboard for viewing all LP positions, rewards accrued, and FYT/PT balances. You will be able to interact with your tokenized assets directly from there, from day one of launch.
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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