Resonate Announces Partnership with Redacted to Power Pirex

Overview

We are very pleased to announce our partnership with Redacted. We will complete a full integration with their Pirex products surrounding pxCVX, pxGLP/GMX and explore further iterations. Since launch, Pirex has received over 1,600,000 in CVX deposits, with activity still growing. Now, these users will be able to interact and engage with ‘fixed return’ locks, as a result of the composability of our FNFT technology.

What are we doing together?

Resonate and Redacted will be pursuing two distinct offerings in concert with one-another. The first of these offerings will be to bring Fixed-Return instruments to pxCVX. Pirex currently has a system in-place that allows for similar functionality to Resonate’s Fixed-Term instruments. However, they have found that many future yield purchasers would prefer to do so on a Fixed-Return, guaranteeing them a certain level of profit from their purchase. Resonate will power this application and Redacted and Revest Finance will be collaborating to offer easy access to this feature through Pirex’s native interface.

What’s to come?

Redacted integration 🏁

Pirex

Pirex is a product by Redacted which creates liquid wrappers that allow for auto-compounding and the tokenization of future yield/vote events. In addition, Pirex will also include an ecosystem of applications on top of Pirex liquid wrappers which further enhance the utility of governance tokens for users, enable novel utility and provide yield opportunities which are exclusive to those using Pirex wrappers.

About Redacted

Redacted | Twitter | Discord | Docs | Pirex

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.

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).

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