APwine is a decentralized protocol and aims to tokenize the future yield so a user doesn’t have to worry about future yield fluctuations.
Having veAPW offers a few opportunities for its holders compared to just having APW.
The veAPW token can be locked up for veAPW for a period up to 2 years. The veAPW will be non-transferable until the lock will expire. Locking the tokens up will grant you the right to participate in the governance process. The more veAPW a user has, the more voting right they will have.
Currently the rewards are being distributed evenly over all the pools but there is a governance proposal up to create a dynamic gauge weight. The gauge weight could be voted on every week to determine which pools should get the emission of the APW token.
Holders of veAPW will get to share in the platform revenue generated by the 0.05% swapfees. This will also include all kinds of other future protocol revenue flows which are not in production yet.