Resonate Announces Support for Aura
We’ll be building on top of Aura to bring Yield Futures & FNFTs to a pool near you!
What are we building?
Aura Finance is a protocol built on top of the Balancer system to provide maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token. Resonate will be using Aura as a provider for the yield farms whose positions may be split through our system into their constituent principal and interest components. Our in-house solution for pricing Balancer Pool Tokens (BPTs), with arbitrary weights, will have a direct application here. We’ll have a separate article exploring this innovation in the near future, along with how we plug into Aura’s native ERC-4626 system. Through our work together, Resonate gains a trusted yield-farm provider on mainnet Ethereum, opening up additional avenues for capital deployments and increased revenue to Resonate, while also offering those already in the Balancer ecosystem a readily accessible platform upon which to work with Resonate. In tandem, Aura gains sticky TVL and guaranteed returns for their systems.
We have an as–of-yet unannounced partner who has committed to deploying capital into a Resonate pool using Aura upon launch. Hint: you know this protocol very, very, very well. This partner will be driving TVL into Aura’s farms, giving both Aura and Resonate guaranteed returns for an entire year. This isn’t a one-off deal; there will be other big-name protocols using Resonate to gain either instant or boosted yield off of Aura’s farms in the future. The fireworks are only just getting started!
Learn more about Aura
Website | Twitter | Discord | Docs
What’s to come?
Aura integration 🏁
More partnerships & integrations utilizing Aura! ⏳
Why Resonate?
Resonate brings together parties with different time frame preferences (long term or short term) and facilitates a mutually beneficial exchange. These are known as Issuers and Purchasers. Issuers are parties that want to sell their future interest rights for an up-front payment. Purchasers are parties that want to buy the interest rights of someone else’s locked principal for an up-front payment.
So why is this useful?
There’s a number of 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 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, bug-bounties, next-gen fuzzing, 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.
For the more technically inclined, you can see all of our audit reports here!
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.