Difference between revisions of "ApeSwap Finance (BANANA)"

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Multichain [[Decentralized Finance (DeFi)|DeFi]] hub for trading, lending and self owned [[liquidity]] for protocols.
==Basics==
==Basics==


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==Technology==
==Technology==


*[[Whitepaper]] can be found [insert here].
*[[Whitepaper]] can be found [https://apeswap.gitbook.io/apeswap-finance/welcome/master here].
*Code can be viewed [insert here].
*Code can be viewed [https://github.com/ApeSwapFinance/ here].


===Implementations===
===Implementations===


*Built on: [[Binance|BSC]]
*Built on: [[Binance|BSC]], [[Polygon (MATIC)|Polygon]], [[Telos (TLOS)|Telos]] and [[Ethereum (ETH)|Ethereum]]


===How it works===
===How it works===
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===Other Details===
===Other Details===
==Oracle Method==
==Oracle Method==
==Privacy Method==
==Compliance==
==Their Other Projects==
==Their Other Projects==
=== Initial Ape Offerings (IAOs) ===
* From their [https://apeswap.gitbook.io/apeswap-finance/product-and-features/raise/initial-ape-offerings-iaos docs] (7-10-2022):
''"An Initial Ape Offering (IAO) is a fundraising vehicle used to launch new tokens and bring liquidity to those tokens. Users can participate in an Official IAO using either [[BNB Chain|BNB]] or GNANA. When you participate in an IAO, you are trading those tokens for the token being launched."''
=== Treasury Bills ===
* Apeswap has its own spin on Protocol Owned Liquidity. From their [https://apeswap.gitbook.io/apeswap-finance/product-and-features/raise/treasury-bills docs] (7-10-2022):
''"Each Treasury Bill is a unique NFT that represents the output tokens (BANANA or partner project tokens), which vest over a certain amount of time. ApeSwap Treasury Bills come in two formats: BANANA Bills, and Jungle Bills. BANANA Bills allow users to sell their LP tokens to receive BANANA tokens at a discount, vesting over 14 days.''
''The goal of Treasury Bills is to source sustainable liquidity for the ApeSwap DEX and for partner projects, solving many pain points in the current liquidity renting model used by the vast majority of the DeFi industry. Treasury Bills allow ApeSwap to own the liquidity created through the sale of BANANA Bills, and allow ApeSwap's partner projects to own the liquiditiy created through the sale of Jungle Bills."''
==Roadmap==
==Roadmap==


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==Usage==
==Usage==
* [https://info.apeswap.finance/home Peaked] in end of 2021 to over $300m TVL but crashed hard during the 2022 bear towards [https://apeswap.finance/ ~$88m] (28-10-2022).
===Projects that use or built on it===
===Projects that use or built on it===
==Competition==
==Competition==
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===Funding===
===Funding===
===Partners===
===Partners===
* [https://apeswap.finance/ Claims] 231 [https://apeswap.gitbook.io/apeswap-finance/partners/partners-the-apeswap-jungle partners] (28-10-2022).
==(:==
==(:==
Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in!
Knowledge empowers all and will help us get closer to the [[decentralised]] world we all want to live in!
Line 84: Line 105:


[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
Also check out [https://cointr.ee/zeb CoinTr.ee] for more content.
[[Category:Coins/Tokens]]
[[Category:Coins/Tokens]]

Latest revision as of 04:32, 28 October 2022

Multichain DeFi hub for trading, lending and self owned liquidity for protocols.

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

  • Bug bounty program can be found here (1-7-2021). Program is active and rewards as high as 100k.
  • Score got updated to 57% (7-1-2022) after it introduced Governance plans.
  • Previously scored a 42% on DeFi Safety (1-7-2021) regarding the BSC implementation: "Certik did a ApeSwap audit on May 6th 2021. Gemz did a ApeSwap audit on March 5th 2021. Note: I gave them 50% because of all the issues highlighted, half of them were never addressed, and the other half were only partially fixed. None of the issues/recommendations highlighted are fully resolved and implemented."

Bugs/Exploits

Governance

Admin Key

"No admin control information was found in any of their documentation. No Pause Control documentation was found in any of their docs."

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

GNANA

"GNANA will be the token that dictates a user’s ability to vote. Each $GNANA owned by an address counts as one vote for any given proposal."

Stablecoin

Coin Distribution

Technology

Implementations

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Initial Ape Offerings (IAOs)

  • From their docs (7-10-2022):

"An Initial Ape Offering (IAO) is a fundraising vehicle used to launch new tokens and bring liquidity to those tokens. Users can participate in an Official IAO using either BNB or GNANA. When you participate in an IAO, you are trading those tokens for the token being launched."

Treasury Bills

  • Apeswap has its own spin on Protocol Owned Liquidity. From their docs (7-10-2022):

"Each Treasury Bill is a unique NFT that represents the output tokens (BANANA or partner project tokens), which vest over a certain amount of time. ApeSwap Treasury Bills come in two formats: BANANA Bills, and Jungle Bills. BANANA Bills allow users to sell their LP tokens to receive BANANA tokens at a discount, vesting over 14 days.

The goal of Treasury Bills is to source sustainable liquidity for the ApeSwap DEX and for partner projects, solving many pain points in the current liquidity renting model used by the vast majority of the DeFi industry. Treasury Bills allow ApeSwap to own the liquidity created through the sale of BANANA Bills, and allow ApeSwap's partner projects to own the liquiditiy created through the sale of Jungle Bills."

Roadmap

  • Can be found [Insert link here].

Usage

  • Peaked in end of 2021 to over $300m TVL but crashed hard during the 2022 bear towards ~$88m (28-10-2022).

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners, etc.

Team

  • Full team can be found [here].

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

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