APGP10: APW Distribution to veAPW Holders [Now Live]
APGP10 has been executed. All veAPW holders are now entitled to APW distribution.
The idea to distribute APW to veAPW holders was first proposed on May 1, 2022, by Dydymoon on the APWine governance forum.
The proposal’s rationale was to use the unclaimed APW tokens from the genesis airdrop to bootstrap the governance participation.
The vote to add APW rewards for veAPW holders has been put on Snapshot on May 6, 2022. In a unanimous vote, the community voted for distribution of unclaimed APW to veAPW holders.
What’s next?
The unclaimed APW amounts to 262500 tokens, of which 12500 have been already used to bootstrap the APWine Bounties Initiative.
The APGP10 has been executed on July 14, 2022, and the remaining 250000 (0.5% of the total supply) APW are now being distributed to veAPW holders in the following schedule over the course of the next 2 years.
Where to check the APW balance from distribution?
Head over to the APWine governance page and look for this box:
Here, you’ll be presented with an option to lock your APW via the [Manage APW Lock] button.
If you’re an existing veAPW holder, you’ll be able to preview your accumulated APW by hitting the [Rewards] button.
Users can withdraw any balance of APW (greater than 0) directly into their wallets.
Resources:
Explore APWine
APWine pioneers the evolution of yield farming, allowing users to trade unrealised yield. Speculate on the yield generated by DeFi protocols. Hedge risk on your passive revenue by converting it into futures. Capitalize on this growing trend by providing liquidity without worrying about impermanent loss.
