Revest Finance and The Poktopus Strike a Deal for a Token Swap Loan
Revest Finance is pleased to announce that The Poktopus, a principal partner in PoktPool, the largest fractional staking system in the POKT network, has agreed to lend Revest $200,000 worth of POKT in exchange for $200,000 worth of a blend of RVST and ETH (70% and 30% respectively). Revest will be staking POKT in order to introduce another revenue stream, 100% of which will be redistributed to Revest stakers!
Join us for a locking and staking stream on Monday, when this all goes live!
What We’re Doing Together
Revest Finance and ThePoktpus have been investigating for some time now the feasibility of utilizing POKT and Revest FNFTs in self-repaying loans. This mutually beneficial collaboration will showcase the ability of Revest FNFTs to separate the interest rights on an FNFT from the principal rights — all principal for the supplied tPOKT will be retained within the FNFT, while all interest generated by the tPOKT rebases will become available for instant withdrawal. All of the revenue this produces will be routed weekly to the Revest stakers — expected weekly proceeds exceed $5000/week! The loan will last for a year or until either party chooses to exit, at which point all principal will be returned to each party.
This partnership is the first in a series which will demonstrate the robust flexibility of the Revest Financial product line in providing structured liquidity, time locked vesting, and lending products in the crypto space.
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.