CrowdSwap is proud to announce our new partnership with Resonate. Resonate is a DeFi Yield Futures protocol that makes future yield available right at the start of the investment. The innovative FNFT (financial NFT) solution gives the user access to immediate rewards and liquidity throughout the locking term. Through the support of Resonate, CrowdSwap will open up innovative staking crypto opportunities and liquidity mining offers to its loyal users that are second to none.
The challenge
In uncertain times, many participants in the financial markets tend to shy away from risk. Of course, this is also true for the DeFi market. The more optimistic, the more likely an individual is to use yield farms or DeFi staking offers, where the capital deposited is locked in for a certain period of time. As a result, these offers are taken up less and thus the liquidity needed for the projects is not available.
Wouldn’t it be perfect if users could directly access all the staking rewards upfront and the protocols still withheld their liquidity?
The solution
This is exactly where Resonate comes in. The DeFi Yield Futures protocol assures users of the agreed staking rewards directly, so they don’t have to wait until the end of the investment period. Uncertainty about future rewards development is no longer a limiting factor.
There are two key advantages when considering the implementation of Resonate. The first of which is the payout time of the rewards, which are paid out right at the beginning rather than over time – these staking rewards can then be used to either cover one’s long position or take advantage of further opportunities in DeFi. Secondly, the FNFT will always remain liquid, as it can be sold on most NFT marketplaces despite the underlying tokens remaining locked throughout. This unique concept also helps CrowdSwap to set up the project in a more stable way in the long run.
CrowdSwap and Resonate Partnership
In addition, CrowdSwap and Resonate will work together on innovative and optimized DeFi products that can ultimately benefit everyone through their simplicity.
There are already good examples of how higher returns can be achieved by cleverly composing DeFi opportunities. Delta hedging strategies, to name just one. CrowdSwap concentrates on simplifying such processes for all users and making them transparent without ignoring the risk factor. With Resonate we have the optimal partner for innovative DeFi products, which can be well integrated into CrowdSwap’s opportunities. CrowdSwap and Resonate will collaborate on:
- Creating Innovative DeFi Products
- Yield Futures, Stablecoin boosting, Synthetic Swaps
- Optimizing Yield
- Composing DeFi recipes for better yield
- Simplifying the DeFi processes
Quote:
Resonate is enthralled to have a long-term partner on its side to develop the next generation of DeFi applications. We strongly believe by integrating with CrowdSwap, we are a step closer to creating a harmonious, highly effective and frictionless DeFi ecosystem, for users and protocols alike. We look forward to working together, now and in the future to make this vision a reality.
Rob Montgomery – CEO, Resonate
About Resonate Finance
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.
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About CrowdSwap
CrowdSwap is a cross-chain automation and optimization platform for the DeFi opportunity space. With best-price-routing and cross-chain solutions CrowdSwap provides safe passage to take the best opportunities fast and from anywhere. On-Chain analysis will constantly monitor the market and provide you with the best options for your assets. Find out how easy DeFi can be at CrowdSwap.
