Resonate Announces Collaboration with the One and Only Yearn Finance

Revest Finance
5 min readOct 4, 2022

We’re very happy to announce that we’ll be working in partnership with Yearn Finance and bringing our proprietary, first-ever Yearn V2 ERC-4626 adapters to market.

Why Yearn?

At this point, I’m sure Yearn needs no introduction. Despite its massive market capitalization, its purpose is simple: Yearn acts as a yield aggregator for lending platforms and DEX incentive systems, automated to rebalance for the highest yield during each contract interaction.

The Yearn team has been incredibly supportive and helpful throughout our development process. Creating ERC-4626 adapters for Yearn V2 was no small feat; but we’re thrilled to see the finished product of our efforts come to light and open the doors to this oversized and untapped market.

Yearn Finance presents an incredibly established user base which spans across multiple layer ones — which is a perfect fit for Resonate. This is a key step, and with that we’ll continue to expand far and wide, establishing our foothold within DeFi as the premiere FNFT Yield Futures protocol(s).

As such, the Resonate protocol has been successfully enrolled in Yearn’s partner program. This will direct up to 50% of the fees Yearn charges to Resonate and will directly contribute to Resonate’s revenue. The first tranche of which being, for every Yearn vault which Resonate directs at least $1,000,000, Resonate will receive at least 10% of the fees Yearn charges for that vault’s strategy.

What’s to come?

Yearn integration 🏁

Resonate x Yearn AMA ⏳

More partnerships & integrations! ⏳

So, for all our newcomers — what is Resonate?

Resonate is the flagship of the Revest ecosystem. As a video game is to an engine, Resonate is to Revest — both solving some of the greatest challenges in crypto today, liquidity incentivization and treasury management, and giving the Revest Protocol the go-to-market needed to bring about widespread adoption.

Resonate splits apart the interest and principal components of a yield-bearing position. Those who hold tokens which may be deposited into yield-bearing systems can receive an instant, upfront payment on the present value of that future yield, in exchange for locking their tokens. An ideal solution for traders who want to receive guaranteed and consistent yield farming rewards for staking tokens or providing liquidity. For those who want to purchase the Yield Futures, or the rights to future yield, Resonate places them in a position where they can do so at a discount to the expected future value of the interest. For protocols wanting to reduce their burn rate, this discount can offer a better way to incentivize providing LPs.

Benefits of Resonate

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 use each other’s principal investments to exchange time and risk profile to suit their preference. Prior to Resonate, this was not possible.

How about security?

Resonate has been aggressively audited and scrutinized, subjected to BlockSec and Zellic audits, both pre- and post-launch bug-bounties, both whitehat access and next-gen fuzzing tech provided by the security research team PwnedNoMore, and continuous-integration post-launch. Your FNFT is the vault and key to your locked positions. Keep custody and control of your financial future, while earning yield.

Learn more about how we’re protecting your tokens in our docs.

What’s next?

We have been working tirelessly for a long time and are very excited to finally unveil our creation. We strongly believe that it will act as an extremely beneficial value add to the crypto ecosystem, and look forward to working with protocols and their communities to implement Yield Futures and take a step towards a more effective and prosperous ecosystem.

About Resonate

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.

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Revest Finance

The world's first platform to offer instant liquidity for locked assets.