The Resonate are Overjoyed to announce the  newest deployment Resonate Partnership With Rage Trade.

What are they building with Rage Trade?

They’re very excited at the prospect of integrating Resonate to offer upfront and guaranteed yield rates on the ‘Junior’ and ‘Senior’ tranches of Rage Trade’s GLP delta-neutral vaults.

As a result of this partnership, more risk-averse traders will be able to receive upfront fixed yield on their USDC, enabling them to negate the risk of yield rate fluctuations. Conversely, more risk-on traders will benefit from the ability to multiply the earning power of their stablecoins, allowing them to earn a yield rate that is beyond what general utilization of the system could provide.

Why Resonate?

Resonate splits apart the interest and principal components of a yield-bearing position into two FNFTs. Those who hold tokens which may be deposited into yield-bearing systems can receive an instant, upfront payment on the present value of that future yield, in exchange for locking their tokens. An ideal solution for traders who want to receive guaranteed and consistent yield farming rewards for staking tokens or providing liquidity. For those who want to purchase the Yield Futures, or the rights to future yield, Resonate places them in a position where they can do so at a discount of the expected future value of the interest.

How about security?

Resonate has been aggressively audited and scrutinized, subjected to BlockSec and Zellic audits, both pre- and post-launch bug-bounties, both whitehat access and next-gen fuzzing tech provided by the security research team PwnedNoMore, 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.

Learn more about how we’re protecting your tokens in our docs.

About Resonate

Resonate 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).

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About Revest Finance

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual & enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions. FNFTs can be sell on any NFT marketplace at any point while the underlying collateral remains locked.

Website | Twitter |

About Rage Trade

Rage Trade is building the most liquid, composable, and only omnichain ETH perp (powered by UNI v3). Their core features are ETH perp with 10x leverage, Omnichain recycled liquidity and Yield generating 80-20 Vaults.

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Source

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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).

Website | Twitter

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.

Website | Twitter

SOURCE

https://revestfinance.medium.com/resonate-announces-partnership-with-velodrome-finance-c870e5bac0f0

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