Revest Protocol Launches on Boba
Revest Finance is excited to announce the deployment of the Revest Protocol to the Boba network! Boba is a unique and innovative Layer 2 solution for Ethereum. It is billed as EVM-equivalent and offers fast exits backed by community-driven liquidity pools, which shrinks the Optimistic Rollup exit-period from seven days to only a few minutes. Revest is excited to be bringing our state-of-the-art Smart Wallet technology to Boba. We’ll be offering FNFTs to the new teams seeking a secure place in which to lock their team tokens, early investor tokens, and most importantly, liquidity tokens. We’ll also be seeking novel projects on Boba that can use our technology in new and revolutionary ways and that will resonate with the Boba community.
What can I do on Boba?
You are now able to mint FNFTs on the Boba network. To use Boba, you will first need some Boba tokens, which may be acquired from marketplaces listed on CoinGecko or bridged over. You can find a detailed guide on getting set up here.
Boba’s innovative Turing System means that RESTful data can easily be pulled into smart contracts deployed on the network – this means that address locks now no longer need dedicated oracle systems to provide incredibly intricate and situation-specific locks. We’re excited to see the kinds of contracts this brings within reach!
Once your tokens are on Boba, you will be ready to use the Revest Protocol to mint FNFTs on this network. Simply change the active network in your web wallet, reload your browser (if necessary), and an icon in the upper right-hand corner of the Revest Web-App will indicate that you are now connected to Boba. Happy minting!
Fees, Staking, and the RVST Token
Although the Revest Protocol is now live on Boba, the Revest token ($RVST) and the Revest Staking System remain on the Ethereum blockchain. 100% of the fees earned on Boba will be bridged back to Ethereum and distributed to stakers.
We’re very excited to see how our offerings on Boba develop further into the future and thank our friends at Boba from the bottom of our hearts for warmly welcoming us to their Layer 2.
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.