Revest Partners with Velodrome
Revest partners with Velodrome, the solution for protocols on Optimism to properly incentivize liquidity for their own use cases.
Velodrome is an AMM (Automatic Market Maker) designed to provide deep liquidity, low swapping fees, and low slippage within the Optimism ecosystem. Revest Partners with Velodrome, Built on top of the groundwork laid out by Solidly. Their team has addressed that first iteration’s core issues to realize its full potential.
Velodrome rewards liquidity providers and active governance participants through VELO (their native token) and veVELO distribution. Revest Partners with Velodrome, Liquidity providers (LPs) receive VELO emissions. Vote-escrow VELO (veVELO) holders vote on which liquidity pools receive VELO emissions. In return, voters receive the trading fees and bribes collected by the pairs they vote for. This structure helps incentives flow to the most valuable pairs for the ecosystem.
Who is behind Velodrome Finance?
The team behind Velodrome Finance previously launched veDAO. veDAO’s founding mandate was to engage with the Solidly ecosystem, a protocol launched on the Fantom network by Andre Cronje.
The veDAO team has since developed deep subject matter expertise on both Solidly, the veNFT primitive, and the ve(3,3) mechanism, becoming a go-to resource for protocols and chains seeking support around these topics.
By the numbers, veDAO attracted $2.6B in TVL (total value locked) at its peak, securing ~10% of Solidly voting power and ~$1.1M USDC in treasury assets.
You can learn more about them from their fantastic interview with our friends at BlockBytes.
About Resonate
Resonate is a Yield Futures Protocol developed by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology. Using Resonate, we’re able to separate the principal and interest components of a position by issuing two FNFTs; one containing the principal and the other containing the rights to future interest on that principal. Resonate facilitates the commerce of the rights to future interest by matching issuers (who want to sell their interest rights for a one-time upfront payment), and purchasers (who want to buy the rights to future interest for a one-time upfront payment).
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. Revest’s flagship product, Resonate, is underpinned, fundamentally, by this innovative technology.
SOURCE
https://revestfinance.medium.com/resonate-announces-partnership-with-velodrome-finance-c870e5bac0f0
