Resonate Announces Capital Deployment Partnership with QiDao

Excited to announce our newest capital deployment partnership with the fantastic people at QiDao!

What are we doing together?

QiDao has committed to deploying capital to a Resonate pool for the purpose of incentivizing liquidity and better aligning incentives for their LPs. Issuers will be offered an up-front return on deposits of Qi’s flagship stablecoin, MAI, which will be locked for a set term.

This means that if you were to become an LP, you will now have the option to lock your LPs for the term within an FNFT through Resonate and receive your payment upfront. This will result in a buyout paid to your wallet — funded by QiDao. You would retain the rights to your principal, locked within your own unique FNFT, while QiDao would gain ownership of your future yield through a separate interest-bearing FNFT.

So why is this useful?

There’s a number of good reasons. Let’s start from the perspective of a Purchaser, whose profile is most likely to fit that of a protocol treasury, DAO or enthusiastic long-term investor. These include:

• Align incentives: offer upfront incentives to tame mercenary capital and create positive feedback loops. Leverage Resonate to lock-in liquidity providers, creating benevolent cycles within your ecosystem, all while stabilizing levels of liquidity.
• Regenerate your treasury: pay upfront to secure long-term income. Utilize Resonate to replenish your native token, or perform a synthetic swap and diversify your holdings.
• Reduce your emissions: decrease your burn rate by paying out upfront. Incentivise lockups to offset your existing emissions schedule and reduce sell pressure.
• Leverage your stablecoin farming without liquidation risk: multiply the earning power of your stables by utilizing the leased capital of Issuers.

Now, let’s have a look at it from the perspective of an Issuer, whose profile is most likely to fit that of a retail trader/investor, an institution or a whale.

• Upfront, guaranteed payout: provide liquidity confidently, secure in the knowledge that you’ve already been rewarded.
• Guarantee your interest rate: receive the expected value of future cash flows upfront, ensuring that market conditions are no longer a consideration.
• Protect your portfolio: Take upfront payments as stablecoins to hedge against future market volatility.
• Power resilience to changing market conditions: powered by Revest FNFT technology, positions in Resonate remain liquid throughout lockup, allowing you to take liquidity as-needed on any NFT marketplace.

So, as you can see, there are a multitude of reasons to allow users to utilize each other’s principal investments to exchange their time and risk profile to suit their preference. Prior to Resonate, this was not possible.

What does QiDao do?

QiDao is a collateral-backed stablecoin protocol, now with presence on over 20 chains. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more collateral than debt outstanding.

QiDao enables you to borrow stablecoins interest-free against your crypto assets. These loans are paid out and repaid in MAI stablecoins. These stables are minted when a user locks up their tokens in a vault as collateral. For example, if a user locks up MATIC tokens, they can then mint MAI up to a certain collateral to debt ratio. Users can then use the soft dollar-pegged MAI tokens, while maintaining ownership of the locked Matic tokens.

The process is simple: create a vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value.

MAI can be used on most major DeFi platforms, such as Aave, Multichain, Curve, Balancer, and Uniswap. Users can interact with the protocol through the mai.finance fronten.

Learn more about QiDao

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About Resonate Finance

Resonate is a Yield Futures Protocol developed by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology. Using Resonate, we’re able to separate the principal and interest components of a position by issuing two FNFTs; one containing the principal and the other containing the rights to future interest on that principal. Resonate facilitates the commerce of the rights to future interest by matching issuers (who want to sell their interest rights for a one-time upfront payment), and purchasers (who want to buy the rights to future interest for a one-time upfront payment).

About Revest Finance

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract-based). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turn-key solution offers elegant applications ranging from token vesting to cutting-edge implications for derivative and borrowing/lending platforms. Revest’s flagship product, Resonate, is underpinned, fundamentally, by this innovative technology.