APWine (APW) DeFi Rating, Reviews and Details

Market

Pair

Price

Volume 24H

24H (price)

24H (volume)
BKEX

Pair APW/USDT 2 one year ago

Market $ 0.2819

Volume 24H $ 34.6 K

24H (price) -

24H (volume) -
Bancor Network

Pair APW/BNT 3 one year ago

Market $ 0.1820

Volume 24H $ 0.4241

24H (price) -

24H (volume) -
Sushiswap

Pair APW/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2 4 one year ago

Market $ 0.2807

Volume 24H $ 901.65

24H (price) -1.21%

24H (volume) -91.90%
Sushiswap

Pair APW/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48 4 one year ago

Market $ 0.8304

Volume 24H -

24H (price) -

24H (volume) -

To be announced

Token Details

Ticker

APW

Additional Details

About APWine

APWine is the first protocol for future yield tokenisation.

The project started in August 2020, during the DeFi summer craze, when yield farming was still being introduced to the ecosystem. At this time, it was not uncommon to witness four-digits APYs, which gave the idea for the APWine protocol: what if you could sell your yield in advance and stop having to worry about fluctuations?

The protocol works with a two token mechanism, PT (Principal token), which represents your deposit over the period, and FYT (Future yield token) which represents the generated yield over the fix period duration (currently 90 days), which can be interesting for different types of users:

- Traders can sell their yield in advance or buy yield, so basically long/short APRs.
- Arbitragers can use the fixed rate feature to secure profits by doing arbitrages on the AMM pools.
- Liquidity providers / farmers can add liquidity in the two types of AMM pools : PT/Underlying & PT/FYT.

Features

The low-level aspect and unique architecture of the APWine protocol results in a rich set of features that facilitate the creation of a future yield market.

Future Yield Tokenization
The core functionality of APWine is the separation of a given yield-bearing asset into Principal Tokens (PTs) and Future Yield Tokens (FYTs). This creates an entirely new market for yield, but also enables the trade of locked positions on APWine.

Fixed / Upfront yield
Through the APWine AMM, users who wish to hedge their risk on APY volatility can directly exchange their FYT for the underlying asset at the current market rate designated by the AMM. Not only does this provide fixed-rate interest, due to the atomic nature of the swap, but also upfront yield - meaning you can get your APY upfront, at any time.

Future Yield Delegation
Users who have deposited on APWine or directly acquired PT through the AMM receive FYTs at each new period, on a regular basis. If they wish, they can also delegate the creation of FYTs to another address. This can be used, for instance, to let another address access the yield generated by an asset without granting access to the asset itself.

Yield Arbitrage
Through the creation of an explicit yield market, FYTs allow arbitraging interest rates between different protocols - making for a more liquid, healthy and fair ecosystem.

Yield Oracle
Considering an environment where AMM pools are properly arbitraged, the spot price of a FYT at any given time essentially acts as an oracle for future yield. In turn, this can easily be integrated inside external protocols, with liquid assets being a more reliable data source.

APWine Team

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Jean C.

Comm, Branding

unverified

Gaspard P.

Protocol

unverified

Ulysse R.

UI / UX

unverified

Antoine M.

DeFi Evangelist

unverified

Advisors

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Julien B.

Advisor

unverified

Marc Z.

Advisor

unverified

Jiahua X.

Advisor

unverified

APWine

About APWine

Features

APWine Team

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