Part 3 & 4 Grape Finance Series: Winery, Rebates, GBonds and the My Passive Income Ecosystem

| Grape finance is a decentralized finance platform on the Avalanche network. Earn passive income by staking your tokens and participating in nodes.

Welcome to Parts 3 and 4 of my Grape Finance Series. The platform has discontinued their Winery and are crediting back anyone who had a WINE node. So, this is why I am combining the last 2 editions in this series.

I have come to love this platform. With Animal Farm still dangling in limbo and DRIP prices slowly bleeding out, Grape Finance is my new favorite DeFi platform. (I am still ‘in’ DRIP and Animal Farm, but just patiently waiting the roadmap updates to go live).

Grape is an algorithmic stablecoin pegged to the value of Magic Internet Money (MIM). It operates on the Avalanche network, which is known for its speed and low gas cost.

In the crypto space, the term “algorithmic stablecoin” has gained somewhat of cautious connotation, because LUNA’s UST was an algorithmic stablecoin as well. I think the failure with UST was that it was tied to another token, LUNA, whose price could fluctuate wildly and the LUNA token was not a stablecoin. At its peak, it…