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.

Website | Twitter | Telegram | Discord | Docs




The world's first platform to offer instant liquidity for locked assets.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Are We In A Cryptocurrency Bubble?

Order Protocol live on Polygon to Bring Decentralized Order Management Experience

Bitcoin update and the first ideas of the MacLean Manifesto

Saving on Ethereum gas fees

How I passively earn $20 in Bitcoin and you can too

1,000 Redeemable NFT Tokens Giveaway to Celebrate HUSD Launch

ProBit Global Lists MCF Token (MCF)

A few years ago, if you had mentioned the term “cryptocurrency” to me, I would have imagined some…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Revest Finance

Revest Finance

The world's first platform to offer instant liquidity for locked assets.

More from Medium

Tetu week recap 31 ~ 32

Transcription: Spin A Defi Derivatives Infrastructure | NEAR Philippines Interview

What impact will DEFI have on our society?

How to DeFi in Near: From Zero to Yield Farming Hero