Some early thoughts on the FWAPHouse

Support for FWA V2 is now live at FWAP.fun More assets, more flexibility, more fun. FWAP on 🛟🥤

FWAPHouse is now open for Season 2 at fwap.fun. If you are a Season 1 depositor, traditional exits have been disabled in favor of a reconciliation contract. You can migrate directly to S2, or withdraw your deposits to your wallet. S1 had a positive performance of about ~2% (roughly 80% APY). Due to the lagging nature of settled rewards, NAV was not representative of that performance, and instead displayed losses for early depositors. The migration path allows you to recoup your deposit, and your deserving share of the 2% proceeds. If you're an NFT depositor owing a recap, the migration contract will pay it for you. You are able to claim directly to your wallet, or migrate straight to S2. S2 improves on S1's NAV shortfall by implementing epoch based entries: new entrants are only admitted after pending rewards settle/claim. This enables more accurate realtime snapshots of pool performance, at the cost of more gas paid by the keeper. Because that gas can meaningfully affect yield, S2 will start with 6hr epochs and slowly lengthen them as the pool grows. This also means that S2 should not suffer from the immature pool dynamic S1 saw, where strong performance could appear as losses until the pool reached maturity - instead, it should have the potential to profit from the moment it is active. That being said, FWAPHouse S2 is now open for deposits 🛟🥤 More soon...