How can you get upfront instand yield in DeFi???
In this video, @NickDrakon is joined by @RevestFinance CEO Rob Montgomery @RobAnon94 to discuss how their new product, #Resonate uses FNFTs to deliver upfront & fixed yield.
Read our notes below 👇
In this video, @NickDrakon is joined by @RevestFinance CEO Rob Montgomery @RobAnon94 to discuss how their new product, #Resonate uses FNFTs to deliver upfront & fixed yield.
Read our notes below 👇
Chains Resonate is Active on
•Resonate can be used on $ETH, $MATIC, $FTM, @arbitrum & @optimismFND.
•$AVAX probably next to be supported. 1/
•Resonate can be used on $ETH, $MATIC, $FTM, @arbitrum & @optimismFND.
•$AVAX probably next to be supported. 1/
The Value Proposition of Resonate
•Instantaneous, upfront guaranteed yield.
•Instant yield has to be paid by someone upfront, usually projects w/ their treasuries. 2/
•Instantaneous, upfront guaranteed yield.
•Instant yield has to be paid by someone upfront, usually projects w/ their treasuries. 2/
•A LP position is used to mint a #FNFT (financial NFT), acting as a voucher which can be redeemed after a specified amount of time or could be traded before expiration.
•No exposure to the volatility of the yield. 3/
•No exposure to the volatility of the yield. 3/
•Yields are not fixed on farms hence they get diluted, Resonate protects the user from that.
•For example, instead of earning 5% over a year, users can earn 3% instantaneously. 4/
•For example, instead of earning 5% over a year, users can earn 3% instantaneously. 4/
Benefits for Protocols
•Time value of money: instead of paying 50 tokens in four months, they only pay 35 tokens right now, but get the same amount of liquidity for the time of the lock-up. 5/
•Time value of money: instead of paying 50 tokens in four months, they only pay 35 tokens right now, but get the same amount of liquidity for the time of the lock-up. 5/
How to Leverage Resonate
•Upfront yield allows for additional yield on other opportunities. 6/
•Upfront yield allows for additional yield on other opportunities. 6/
•The earlier tokens gets locked, the more yield is generated due to dilution protection & voting power for bribes, Resonate allows users to lock earlier & reap the rewards. 7/
•FNFTs allow locked positions to be tradable, usually for a discount which will be reduced over time by more efficient markets.
•Cash & carry systems, selling yield to another user for a premium. 8/
•Cash & carry systems, selling yield to another user for a premium. 8/
•E.g.: User A locks a $100 GLP position for a payout of 10% in ETH & then immediately sells to User B for $95, both users making a profit around 5%. User A makes instant profit but has extra steps involved, User B makes a profit after position unlocks. 9/
•Yield that gets paid in a volatile token can be hedged by instantly selling for a stablecoin.
•FNFTs could become collateral, allowing users to borrow against their positions. 10/
•FNFTs could become collateral, allowing users to borrow against their positions. 10/
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