Resonate Announces Support for QuickSwap
Very happy that we’ll be deploying funds to QuickSwap on Polygon, through Resonate on behalf of our launch partner Party Finance!
What are we doing together?
Resonate will be deploying two concurrent programs, on behalf of Party Finance, to QuickSwap LP pools!
The first program will consist of two Fixed-Term Resonate PFI/USDC QuickSwap LP pools.
These pools will offer either 3.5% or 7.2% of the deposit upfront for locking the LPs for either 3 or 6 months, respectively. This program is expected to catalyze a TVL increase of $3.6 million.
The second program will consist of three Fixed-Return Resonate PFI/USDC QuickSwap LP pools.
These will be fixed-return pools, offering 8%, 10% or 12% upfront, but locking the principal until 0.1% less than the upfront payment(s) is generated in yield. Each of these five pools will be allotted a deployment of $32,000 in PFI, funded by Party Finance.
Since all five pools require PFI/USDC QuickSwap LPs to be locked up for a period of time in order to receive the upfront yield, QuickSwap will be receiving ‘sticky liquidity’, meaning that the locked funds will be immovable irrespective of FNFT sales until the pre-prescribed unlock conditions are met.
What’s to come?
QuickSwap integration 🏁
More partnerships & integrations! ⏳
What is QuickSwap?
QuickSwap is a fork of Uniswap developed by Nick Mudge and Sameep Singhania on the Polygon blockchain platform. It offers a Decentralized Exchange (DEX) experience using an Automated Market Maker (AMM) model for users to exchange tokens. QuickSwap has no order book, as users trade from pools of tokens known as liquidity pools.
Users can bridge ERC-20 tokens from Ethereum to Polygon and trade any pair via QuickSwap, so long as there’s a liquidity pool for it. Anyone can start a new liquidity pool by providing a token pair to earn transaction fees from other users.
Learn more about QuickSwap
Website | Twitter | Discord | Medium
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.