Let’s finish up today’s announcements in a strong way. We are happy to announce that Resonate will be deployed on launch on the Fantom Opera network!
Fantom has been our home-base throughout the development process of Resonate and holds a special place in the hearts of our team. With a flourishing, supportive and like minded community, it only seems natural that this announcement comes to fruition officially. In doing so, we’ll continue to establish our reach within the growing Fantom DeFi ecosystem. We’re happy to have the assistance of the Fantom Foundation in growing our relationships and improving our offerings within the Fantom community.
We’re excited to share more about the work we’re doing on Fantom — you can expect to hear more about how we’ll be working in the Fantom ecosystem in the near future!
What is Fantom?
Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment — Fantom Opera — is built on Fantom’s consensus mechanism, Lachesis. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.
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.