Revest Finance
FNFTs
Revest Protocol introduces a new use for evaluating NFTs as financial tools. Individual and project level users can deposit any ERC20 into Revests interactive Financial Non-Fungible Tokens “FNFTs” and set custom unlocking conditions that can include time, value, or contract-based parameters. This high level of composability fills gaps in the crypto landscape. Ranging from something as simple as new token vesting options for launching protocols to derivative and borrowing/lending platforms. Ownership of locked assets may be traded in ways that do not affect the value of the underlying asset, leading to a new meta-layer of commerce.
Smart Contract Deposits
With Revest, fungible digital assets are deposited into a Smart Contract in exchange for their non-fungible representation. The digital assets underlying the FNFT will remain locked in the smart contract until specific criteria spelled out in the contract by the FNFT’s creator have been met. Ownership of the FNFT itself may be freely transferred at any point before the smart contract’s maturity date, without affecting the market value of its underlying fungible tokens. The FNFT may be bought, sold, and traded on any platform which supports the ERC-1155 NFT standard. When the FNFT “unlocks”, the fungible assets underlying the FNFT unlock as well. Allowing it to be liquidated by its owner in a wide variety of ways, such as spot markets. The unlocking criteria are spelled out in the smart contract by the FNFT’s creator. They may include the passage of a set period of time from the creation of the FNFT, the market value of the FNFT’s underlying assets exceeding or falling below a predetermined threshold, or any combination of the two.
Vesting & Dispersal Restrictions
The digital assets locked into the FNFT may be subject to a variety of vesting and dispersal restrictions associated with the introduction of new tokens. This makes Revest protocol useful for assembling and holding collateral pools underpinning some cryptocurrency-backed loans. Assets underlying the FNFTs may be forcefully locked to avoid spending before price increases or the passage of time. This mechanic may be used for anything from savings accounts, where more assets may be deposited but not withdrawn. To inheritances, where the beneficiaries may be entrusted with assets that will not become available until many years into the future. Decentralized finance “DeFi” standards allow for FNFTs to gain interest over time, either collected into the underlying value of the FNFT itself or deposited into the FNFT holder’s wallet. Digital assets deposited into FNFTs can also be configured to execute trades at the conclusion of a set period of time, resulting in the creation of a variety of decentralized long-term derivatives. Fees accrued through the creation of FNFTs will be distributed to Revest holders, who will be eligible for discounts when creating their own FNFTs.
Revest Finance’s Token (RVST)
Revest has issued the $RVST ERC-20 token to serve three main purposes. To earn a share of the revenue generated by the fees incurred by users of the Revest platform, to receive proportional discounts on fees based on the number of tokens held, and to take part in the governance of the Revest Protocol. Clients using the Revest Protocol will pay a small up-front fee to…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
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