Revest Finance x Chainlink Price Feeds Integration

Revest Finance — a protocol that allows fungible ERC-20 tokens to be packaged, stored, and transferred as non-fungible tokens (NFTs) — has integrated Chainlink Price Feeds on Ethereum mainnet.

By integrating the industry-leading decentralized oracle network, Revest has access to high-quality, tamper-proof price feeds needed to determine when a value-locked FNFT becomes mature and is eligible for unlocking and withdrawals. This will provide users with stronger assurances that their value-locked FNFTs won’t be subject to premature unlocking or withdrawal due to any manipulation of on-chain price data.

We decided to incorporate Chainlink Price Feeds into Revest at a very early stage in the project, and we’re extremely excited to bring this design decision to its full potential. Chainlink Price Feeds offer strong protection against manipulation and will support our value-locked FNFTs in withstanding the most aggressive attempts to open them before their maturity dates. Our users can rest easy knowing that their diamond handcuffs have strong protection against unlocking before the time is right.

~ Rob Montgomery, CEO of Revest Finance.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

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.

📰 INFO

https://revestfinance.medium.com/revest-finance-integrates-chainlink-price-feeds-to-help-secure-revest-fnft-value-locks-efb1e9378790

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