Resonate Partners with Beefy
Very pleased to announce our latest partnership - Beefy Finance! Beefy will be hosting yield farms for Resonate at launch.
What are we doing together?
Beefy Finance operates one of the most well-known and trusted multi-chain yield-farming systems. Resonate will be using Beefy as a provider for the yield farms whose positions may be split through our system into their constituent principal and interest components. Through our work together, Resonate gains a trusted yield-farm provider across multiple chains and revenue produced through our system, while Beefy gains sticky TVL and guaranteed revenue in their systems.
To kick things off, an as-yet unannounced partner (stay tuned!) has committed to deploying capital into Beefy upon launch. This partner will be driving 160K of TVL into Beefy’s farms, giving both Beefy and Resonate guaranteed revenue streams for an entire year. This is but the first of many yield-farming opportunities we expect to explore with Beefy and look forward to hosting many additional farms on their platform.
About Beefy Finance
Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.
Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.
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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.