Revest Finance develops a smart vault platform utilizing financial NFT (FNFT) technology to facilitate trustless transfers of locked value, enabling users to create customizable lock types for ERC-20 tokens. The platform provides instant liquidity for illiquid assets through a simple interface, addressing the challenge of accessing locked or staked funds while maintaining security and control.
Funding
Funding not disclosed
Founders
Product
Problem
In DeFi, users often lock ERC-20 tokens for various purposes like vesting, staking, or governance, which makes these assets illiquid and inaccessible until the lockup period expires. Traditional methods lack the flexibility to transfer or utilize the locked value without compromising the original lockup terms.
Solution
Revest Finance offers a smart vault platform leveraging financial NFT (FNFT) technology to enable trustless transfers of locked ERC-20 tokens. Users can create customizable lock types, including time locks, value locks, and address locks, to define unlock conditions. The platform provides instant liquidity for otherwise illiquid assets by representing locked positions as FNFTs, which can be traded on NFT marketplaces. This allows users to access the value of their locked assets while maintaining the integrity of the original lockup terms, opening up possibilities for use cases like token vesting, inheritance, and charitable donations.
Target Audience
The primary target audience includes DeFi users who lock ERC-20 tokens and desire increased liquidity and flexibility, as well as projects seeking advanced vesting and token lockup solutions.
Features
- SmartVaults powered by FNFT technology for representing locked ERC-20 positions
- Support for multiple lock types: Time Locks, Value Locks, and Address Locks
- Batch minting and distribution of SmartVaults for team vesting or other mass deployments
- Fractionalization of FNFTs, allowing users to sell a portion of their locked position
- Ability to make multiple deposits into a locked SmartVault
- Extendable Time Locks, enabling dynamic adjustment of unlock criteria
- Trading of SmartVaults on NFT marketplaces like OpenSea and EcoFi
- Simple UI for intuitive SmartVault creation
- Powerful API for custom locking smart contract development and integration
- Support for MetaMask wallet integration