Revest announced this Monday, February 14, through its Twitter account, its new partnership with SpiritSwap and NFT Garage.
“Revest Finance is pleased to announce a bold new partnership with SpiritSwap to collaborate with NFTGarage, a Fantom-based NFT launch pad for utility NFTs. NFTGarage will directly use Revest’s time locked FNFTs to facilitate the sale and minting of NFTs through an LP bonus system that will be familiar to many in the industry”, he said through an article published on the Medium platform.
The company explained that for the inaugural sale, SpiritSwap will release a 5,000 NFT collection, with each FNFT associated with linking the collection costing 10 FTM until minted. Continued use of Revest’s technology is expected to continue within NFTGarage in subsequent releases and will generate steady streams of revenue for Revest shareholders.
Similarly, NFTGarage will recommend and integrate the Revest NFT Locker system wherever possible, allowing interested NFT creators an easy mechanism by which to distribute ERC-20 tokens to their communities.
In addition, SpiritSwap will require projects seeking inclusion on SpiritSwap’s verified projects list to lock a portion of their LPs into Revest FNFT, which will help prevent rug pulls while promoting adoption of FNFT technology. Revest is very excited to be working with SpiritSwap and looks forward to the additional innovation that future collaboration may produce.
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It is a decentralized exchange (DEX) on the Fantom Opera Network. Traders can easily switch between tokens within our app and get guaranteed rates for trades. Each trade on SpiritSwap incurs a fee, which is distributed among liquidity providers and used to buy back SPIRIT tokens at the market rate, which is then distributed to inSPIRIT holders. While offering ultra-fast swaps at an affordable price, SpiritSwap is becoming a complete DeFi suite, offering users different strategies to manage their crypto assets. Key features of SpiritSwap include Zap, inSPIRIT, boosted farms, loans, loans, leverage trading, and a cross-chain bridge. Our team is focused on building a protocol to become more than just a DEX, but a HUB for everything DeFi related on Fantom.
About Revest Finance
According to the company, the Revest Protocol offers a revolutionary new use of NFTs as financial tools through the non-fungible financial token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlock conditions (time, value, or contract). Revest allows the tokenization of all non-fungible financial positions with non-fungible tokens. This simple turnkey solution offers elegant applications ranging from token granting to state-of-the-art implications for derivative and lending/lending platforms.