I came across $APW @APWineFinance recently. It introduces a new primitive to DeFi: the tokenization of future yield and a market around it.
Lets take a closer look 👇
Lets take a closer look 👇
1/ What is it?
APWine is a protocol that allows you to trade unrealized yield. It brings together users that want to hedge interest rate risk and users who would like to speculate on it by tokenizing that yield and creating a market for it.
APWine is a protocol that allows you to trade unrealized yield. It brings together users that want to hedge interest rate risk and users who would like to speculate on it by tokenizing that yield and creating a market for it.
2/ How does it work?
You deposit and lock your interest bearing token to claim Future Yield Tokens.
A Future Yield Token represents the yield that would be generated by the same amount of an underlying asset for a given duration.
You deposit and lock your interest bearing token to claim Future Yield Tokens.
A Future Yield Token represents the yield that would be generated by the same amount of an underlying asset for a given duration.
3/ Sell, buy and trade Future Yield Tokens ahead of time to speculate on the APY of different platform.
4/ Product
Beta is currently live with 3 available futures: beta.apwine.fi TVL has already reached 4.7m in a couple days.
The upcoming V1 launch will feature an entirely rethought interaction design and a brand new, custom AMM whose inner workings will be revealed.
Beta is currently live with 3 available futures: beta.apwine.fi TVL has already reached 4.7m in a couple days.
The upcoming V1 launch will feature an entirely rethought interaction design and a brand new, custom AMM whose inner workings will be revealed.
5/ The $APW token
The $APW token is the native token of the protocol, with a primary focus on protocol governance.
Voting weight: Locking your $APW for a period will give you an increased voting weight and share of protocol rewards.
The $APW token is the native token of the protocol, with a primary focus on protocol governance.
Voting weight: Locking your $APW for a period will give you an increased voting weight and share of protocol rewards.
6/ Fee-sharing: Token holders will accrue a part of the 5% performance fee collected from all yield that is deposited and futurized on the platform from day one + will accrue a part of the collected fee’s from the APWine AMM. 0.05% of trading volume in total.
More utility TBA.
More utility TBA.
7/ Tokeneconomics
Market cap: 6.5m
Circulating supply: 2.6m
Inflation: Investors 2 year linear release, Team 4 year linear release.
Market cap: 6.5m
Circulating supply: 2.6m
Inflation: Investors 2 year linear release, Team 4 year linear release.
8/ Team
Team consists of skilled coders based in France. On the advisory board we have the well known @bneiluj from Stake capital and $AAVE integration lead @lemiscate.
Team consists of skilled coders based in France. On the advisory board we have the well known @bneiluj from Stake capital and $AAVE integration lead @lemiscate.
9/ Backers
Some of the VC’s that are backing the project: @delphi_digital, @thespartangroup, @defialliance & @mechanismcap.
Also they secured help from team members of Oiler, Starkware, Maker, PieDAO, AAVE, ArcherDAO & Harvest Finance.
Some of the VC’s that are backing the project: @delphi_digital, @thespartangroup, @defialliance & @mechanismcap.
Also they secured help from team members of Oiler, Starkware, Maker, PieDAO, AAVE, ArcherDAO & Harvest Finance.
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