Yield Tokenisation on APWine Now Faster and Cheaper on Polygon
APWine, a platform for speculating on yield generated by DeFi protocols, is going live on Polygon!
With APWine, anyone can deposit interest-bearing assets to tokenize yield, get the yield upfront and hedge risk on APY volatility. They can also earn swap fees from APWine’s automated market maker (AMM) for providing liquidity.
APWine introduces two new token types: Principal Token (PT) & Future Yield Token (FYT) which are minted when a user locks in their Interest Bearing Token (iBT).
There is a number of yield-generating strategies to choose from:
- Sell unrealised yield today at a fixed rate (hedge risk on your passive revenue)
- Buy discounted Principal Tokens (buy, wait for the expiry and redeem your profits without any risk of volatility)
- Provide liquidity for the cutting-edge AMM that powers trading between PTs, FYTs & iBTs to earn swap fees
The integration means that APWine customers can save their speculating for market trends and rest assured they are getting some of the lowest transaction fees and the fastest processing times in the industry while enjoying the same level of security as Ethereum.
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.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured
SOURCE: https://blog.polygon.technology/polygon-launches-bridge-explorer-for-transactions-to-and-from-ethereum/
