Resonate Announces Support for Aura

Published on: 30.09.2022

Resonate Announces Support for Aura to bring Yield Futures & FNFTs to Balancer.

Aura Finance is a protocol built on top of the Balancer system to provide maximum incentives to Balancer liquidity providers and BAL stakers (into veBAL) through social aggregation of BAL deposits and Aura’s native token.

Resonate will be using Aura as a provider for the yield farms whose positions may be split through Resonate system into their constituent principal and interest components. Our in-house solution for pricing Balancer Pool Tokens (BPTs), with arbitrary weights, will have a direct application here. Through work together, Resonate gains a trusted yield-farm provider on mainnet Ethereum, opening up additional avenues for capital deployments and increased revenue to Resonate, while also offering those already in the Balancer ecosystem a readily accessible platform upon which to work with Resonate. In tandem, Aura gains sticky TVL and guaranteed returns for their systems.

Why Resonate?

Resonate brings together parties with different time frame preferences (long term or short term) and facilitates a mutually beneficial exchange. These are known as Issuers and Purchasers. Issuers are parties that want to sell their future interest rights for an up-front payment. Purchasers are parties that want to buy the interest rights of someone else’s locked principal for an up-front payment.

Resonate has been aggressively audited and scrutinized, subjected to BlockSec and Zellic audits, bug-bounties, next-gen fuzzing, and continuous-integration post-launch. Your FNFT is the vault and key to your locked positions. Keep custody and control of your financial future, while earning yield.

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).

Website | Twitter

Market Stats:
BTC Dominance: 38.36%(+0.08%/24h)
ETH Dominance: 18.24%(+0.21%/24h)
Defi Market Cap: $38.01B(+4.22%/24h)
Total Market Cap: $865.59B(+1.59%/24h)
Total Trading Volume 24h: $32.13B(+5.27%/24h)
ETH Market Cap: $155.82B
Defi to ETH Ratio: 24.39%
Defi Dominance: 4.21%
Altcoin Market Cap: $533.57B
Altcoin Volume 24h: $14.35B
Total Cryptocurrencies: 21926
Active Cryptocurrencies: 8975
Active Market Pairs: 58579
Active Exchanges: 528
Total Exchanges: 4363