Revest Finance today is excited to announce a partnership with SpiritSwap, a decentralized exchange (DEX) on the Fantom Opera chain, and NFTGarage, a launchpad on Fantom Opera to support the development of NFTs with utility. The inaugural launch of the platform is expected within the next few weeks; here’s how we’re working together.
What are we doing together?
Revest Finance is delighted to announce a bold new partnership with SpiritSwap to collaborate with NFTGarage, a Fantom-based NFT launchpad for NFTs with utility. NFTGarage will directly utilize Revest’s time-locked FNFTs to facilitate the sale and minting of NFTs through an LP-bonding system that will be familiar to many in the industry.
For the inaugural sale, SpiritSwap will be launching a collection of 5000 NFTs, with each FNFT associated with the bonding of the collection costing 10 FTM to mint. The ongoing utilization of Revest’s tech is expected to continue within NFTGarage itself in subsequent launches, and will generate steady streams of revenue for Revest stakers.
Additionally, NFTGarage will be recommending and integrating the Revest NFT Locker system wherever possible, allowing interested NFT creators an easy mechanism by which to distribute ERC-20 tokens to their communities.
Finally, SpiritSwap will be requiring projects who seek listing on SpiritSwap’s verified projects list to lock a portion of their LPs into Revest FNFTs, helping to prevent rug-pulls while furthering the adoption of FNFT tech. Revest is thoroughly excited to be working with SpiritSwap, and looks forward to what additional innovation future collaboration may produce.
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Network. Traders can easily swap between tokens within our application and get guaranteed rates for the swaps. Each swap on SpiritSwap incurs a fee, which gets distributed between liquidity providers and is used to buy back SPIRIT tokens at market rate, which is then distributed to inSPIRIT holders. While offering lightning fast swaps at an affordable rate, SpiritSwap is moving toward becoming a full DeFi suite, offering users different strategies to manage their cryptocurrency assets. SpiritSwap’s key features include Zap, inSPIRIT, boosted farms, lending, borrowing, leverage trading, and a cross chain bridge. Our team is focused on building out a protocol to become more than just a DEX, but rather a HUB of all things DeFi on Fantom.
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.