Revest Finance Announces Partnership with Strip Finance
Revest Finance is pleased to announce a strategic partnership with Strip Finance. We are excited to be working with the Strip team who will soon launch a collateralized NFT borrowing and lending marketplace initially launching on Binance Smart Chain. The platform will enhance liquidity in the NFT market by providing users with an option to retain ownership and yet be able to derive liquidity.
In addition to providing liquidity for NFTs, Strip Finance will be creating a credit market for fungible tokens such as LP/Farming assets and is working towards pioneering a completely new offering in the crypto ecosystem, a debt financing product for early-stage projects. Revest’s value-lock FNFTs in particular will act as a liquid and versatile escrow protocol for such assets (debt instruments).
What are we doing together?
- Strip will leverage Revest’s value-lock FNFTs to develop debt like financing structures for early-stage project upon its expansion to the Ethereum blockchain
- Revest will work with the Strip team to develop additional custom-locked FNFT solutions to enable future financing products within the Strip ecosystem
About the Partnership:
Given the ability of Revest’s protocol to track prices from a Uniswap TWAP or Chainlink Oracle, the FNFT can unlock the underlying tokens and allow for lenders to liquidate assets, should the conditions (underlying token price falling to liquidation levels) be met for a liquidation. The escrow service that Revest offers via “value-lock FNFTs” will enable a seamless process of creating (minting) these assets, offering the possibility of trading them in the open market, and most importantly, trustless and automated settlements. We believe Revest’s FNFTs have the potential to transform current DeFi products, along with creating a myriad of new ones,” said CPO Verun Satyam.
About Strip Finance
Strip Finance is building a collateralized NFT borrowing and lending marketplace initially launching on Binance Smart Chain. The platform will enhance liquidity in the NFT market by providing users with an option to retain ownership and yet be able to derive liquidity.
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About Revest Finance:
The Revest Protocol pioneers a revolutionary new use of NFTs as financial tools. Individual and project level users can deposit any ERC20 into our interactive FNFTs and set custom unlocking conditions (time, value, or contract based). This high level of composability fills many of the massive gaps in the crypto landscape ranging from something as simple as new KPI based token vesting for launching dev teams to truly game changing implications for derivative and borrowing/lending platforms.