Resonate Announces Partnership with Revest
Excited to announce our newest partnership with Revest Finance!
Yeah, we went there. Find out what it means for ourselves to be working with ourselves, and how that’s even possible.
What do you mean you’re “working with Revest?” I thought Resonate was built on top of Revest?
One of Resonate’s primary use cases is servicing Protocol Treasuries in emissions reduction and growth. Since Revest also has a treasury, Revest can also make great use of Resonate’s service. The Revest Finance team has given such thorough care to security in building Resonate (it’s second to none!) that they have complete confidence in deploying our treasury to it.
How are Revest Finance and the Revest Protocol different?
We have future plans to help clarify this, but the simplest way to explain it is that Revest Finance is the development team who have built both the Revest Protocol and Resonate. Following the launch of Resonate, the Revest Protocol will be progressively transitioning to a DAO-led organization, with the goal of spreading utilization and awareness of the Revest Protocol. As the service-provider to the Revest Protocol and its temporary governors, the Revest Finance team has long awaited the day where revenue streams to the Revest Protocol would be sufficient to set it up for success on its own two feet; we believe that with the dawn of Resonate, that day is drawing near.
“What’s your mission?” you might ask. It is simple; the Revest Protocol is our bedrock as a development team. Our mission is to build software on top of the Revest Protocol stack that furthers its adoption, utilization, and profitability, while diving deep into the niches that a general-purpose FNFT system like the Revest Protocol enables us to explore.
What are we doing together?
Revest has committed to deploying $10,000 utilizing an Aura stablecoin pool on Resonate. The amount that will be offered upfront as a bribe to Issuers, and other specifics, for this pool are still yet to be determined.
Tokens deposited into this Resonate pool will be deposited in the corresponding Aura pool and, subsequently, into the corresponding Balancer pool.
Revest’s goal will be to grow its treasury and that will be accomplished through a stablecoin boosting solution enabled by Resonate. Ultimately, we’ll be offering upfront payments on stablecoin pools and, in return, we’ll be achieving a boosted-yield rate on those stablecoins. Revest is incredibly excited to be able to bring this synergetic offering to our community, in collaboration with Resonate!
About FNFTs
Pending interest within FNFTs can be claimed at any time, assuming there is yield to be claimed. Claims can be made individually or batched (claim all interest accrued across all your FNFTs at once). It is important to note that both of the FNFTs remain liquid (unlike the underlying locked tokens) and can be sold on most NFT marketplaces. Please note, for vaults that charge a percentage of the principal deposit as a fee, a grace period will be enacted until the fee charged has been recovered via interest accrued, at which point the aforementioned upfront bribe will be paid out.
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 for 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.