Plutus’ objective is to become the de-facto Layer 2 governance blackhole for projects with veTokens. Plutus has quickly gained traction with its governance product with Dopex and JonesDAO, owning over 50% of all Dopex governance power. In addition, Plutus is now expanding its product line to include Vaults with GLP as the premier product. As Resonate Finance announced its Collaboration with PlutusDAO.

Why Plutus?

• GLP can be deposited to mint plvGLP at any time.
• Exiting plvGLP is subject to a 2% fee (there’s no liquidity pool).
• esGMX rewards are locked under Plutus and automatically compounded. This results in constantly increased yields for all pool participants.
• Plutus will take a 10% fee on GLP yield.
• Stake plvGLP to earn PLS emissions, ensuring that yields are always higher than the native GLP pool.

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About Resonate

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 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.

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SOURCE: MEDIUM

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GMX is a spot and perpetual DEX that offers transparent on-chain leverage trading, with low swap fees and zero price impact. It operates within the Avalanche and Arbitrum L2 ecosystems. And has amassed over $420M in TVL at the time of writing. Trading is supported by a unique multi-asset pool, GLP, where liquidity providers earn fees from market making, swap fees and leverage trading. As Resonate Finance announcced its Collaboration with GMX.

Why Resonate?

Resonate splits apart the interest and principal components of a yield-bearing position. 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 to the expected future value of the interest. For protocols wanting to reduce their burn rate, this discount can offer a better way to incentivize providing LPs.

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About Resonate

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 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.

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SOURCE: MEDIUM

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Resonate will be using Aura as a provider for the yield farms whose positions may be split through their system into their constituent principal and interest components. Their in-house solution for pricing Balancer Pool Tokens (BPTs), with arbitrary weights, will have a direct application here. They’ll have a separate article exploring this innovation in the near future, along with how they plug into Aura’s native ERC-4626 system. As Resonate announces its Support for Aura Finance.

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.

So why is this useful?

• Align incentives: offer upfront incentives to tame mercenary capital and create positive-feedback loops. Leverage Resonate to lock-in liquidity providers, creating benevolent cycles within your ecosystem, all while stabilizing levels of liquidity.
• Regenerate your treasury: pay upfront to secure long term income. Utilize Resonate to replenish your native token, or perform a synthetic swap and diversify your holdings.
• Reduce your emissions: decrease your burn rate by paying out upfront. Incentivise lockups to offset your existing emissions schedule and reduce sell pressure.
• Leverage your stablecoin farming without liquidation risk: multiply the earning power of your stables by utilizing the leased capital of Issuers.

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About Resonate

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 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.

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About Aura Finance

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. For BAL stakers, Aura provides a seamless onboarding process to veBAL, by creating a tokenised wrapper token called auraBAL that represents the 80/20 BPT locked up for the maximum time in VotingEscrow.

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SOURCE: MEDIUM

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Why Fantom?

Fantom has been Resonate’s home-base throughout the development process of Resonate and holds a special place in the hearts of their team. With a flourishing, supportive and like minded community, it only seems natural that this announcement comes to fruition officially. In doing so, they’ll continue to establish their reach within the growing Fantom DeFi ecosystem. They’re happy to have the assistance of the Fantom Foundation in growing their relationships and improving their offerings within the Fantom community. As Resonate announces Support for Fantom Opera Network.

What does Resonate offers?

• Utilize idle treasury to sustain staking rewards without hyperinflation

• Lock tokens; earn instant yield

• Purchase deeply discounted token yield futures

• Drive long-term liquidity to your yield farm or staking system

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About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment — Fantom Opera — is built on Fantom’s consensus mechanism, Lachesis. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

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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, they’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 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.

Website | Twitter

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SOURCE: MEDIUM

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Using Resonate, DAOs can trade time for money, offering up-front payouts on yield in exchange for the rights to interest on locked and staked tokens. For an emissions-based protocol, this means a way to slow the burn-rate of their treasury significantly; for protocols with revenue streams, a way to actively deflate their circulating supplies. And now announcing, Revest Finance Introduced the Resonate.

For token-holders, rather than having to wait on future token payments in an uncertain market. Token-holders are able to instead realize their yield upfront, even receiving stablecoins under certain conditions. This upfront payment, made in exchange for the token-holder locking their tokens into the native staking or yield-farming system, allows the token-holder to safely and effectively hedge their long on the underlying token, protecting them against future market instability. For those yield farms and staking systems with whom Resonate is working (20+ protocols, at time of publication), Resonate drives sticky-liquidity to their system by locking tokens within it, boosting TVL and powering long-term liquidity. All this, powered fully by Revest FNFT technology.

So how does it work?

Resonate utilizes a simple concept to power its offering: time-value-of-money. To illustrate, it is more advantageous in a world where yearly interest rates are 50% to have $35 now than $50 a year in the future; one could invest that $35 at 50% interest and have $52.50 by the time they otherwise would have received only $50.

Imagine that you had 100 ABC tokens. For ABC token, there exists a yield-farm that offers 50% interest rates over the course of six months. If you were to deposit your ACB tokens into this yield-farm and leave them there for 6 months, you’d have made 50 ABC, giving you a total of 150 ABC tokens. The “present-value” of the 50 ABC tokens when you deposit your initial 100 tokens is given by the time-value-of-money equation. And comes out to 33.3 ABC tokens. If the value of ABC token and its associated 50% interest rate was guaranteed, you would never accept less than this amount upfront in exchange for the future interest.

Resonate is a system for automatically matching Purchasers and Issuers. Anyone in the world can create a “pool”, choosing the amount of tokens to pay out upfront, the underlying asset, the payout asset (native token, stables, etc.), the underlying yield farm (Yearn, Beefy, Convex, native-token staking, anything that uses ERC-4626 or can be converted to it).

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About Revest Finance

Revest Finance proposes a new protocol for the packaging. Transfer, and storage of fungible ERC-20 tokens as non-fungible tokenized financial instruments. Leveraging the ERC-1155 Non-Fungible Token (NFT) standard for ease of access and universality of commerce. That do not affect the value of the underlying asset, leading to a new meta-layer of commerce. Discover the mechanics, governance, and monetization of this protocol with targeted use-cases.

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SOURCE

https://revestfinance.medium.com/introducing-resonate-1b13af01050e

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