Revest Finance Bringing Financial NFTs to Syscoin and Pegasys

Like the greater blockchain industry itself, NFTs and DeFi are only in their infancy. Just as we are building on the advancements made by Bitcoin and Ethereum to elevate Web3 to new heights, we and others are taking the NFT segment and pushing it to the next level of practicality. One such project is Revest Finance, the pioneers of Financial NFTs (FNFTs). These are designed to help individuals gain greater financial control over their lives, and break free from the interference of traditional third parties.

Right now most people think of NFTs as artwork and/or gaming assets, and that is an excellent indication of how early we are. While we at Syscoin believe those are great use cases for Non-Fungible Tokens (after all, we power those and will support entire marketplaces around them), we also know that the scope of use cases for NFT tech extends far beyond those.

The immutability, optional tangibility, conditional, and secure nature of NFTs makes them the perfect vehicle for unique property in a digital world that has transcended the need for middlemen. Revest Finance recognized this opportunity and answered the call by inventing a new NFT technology focused on financial assets. They refer to these as Financial NFTs.

In pursuit of the endless possibilities we can achieve through applying trustless, decentralized, secure, and scalable blockchain tech, we are pleased to welcome Revest Finance’s FNFTs into our own native DEX. Revest will integrate and deploy on Syscoin NEVM to deliver their cutting-edge tokens on the Pegasys exchange. This will open a whole new avenue of financial planning and contracts to the Syscoin user base. Going forward, we will continue to collaborate and open the floodgates of this burgeoning market.

Syscoin NEVM presents exciting new opportunities and wide-ranging uses for blockchain technology to a degree not seen previously in the industry. Our partnership with Revest Finance, and the continual integrations with Pegasys DEX, exemplify the role we have taken to deliver the promise of decentralized finance in ways not seen before.
- Michiel, Syscoin Foundation Vice President

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 Pegasys

Pegasys is the first and leading AMM on Syscoin NEVM. Alongside the traditional LPs and swap functionalities, the DEX also has very fruitful farms and staking opportunities alongside novel utility for users and other developers such as a token creator, launchpad and liquidity bootstrapper.

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About Syscoin

Syscoin is a decentralized and open-source project founded in 2014 whose NEVM combines the best of Bitcoin and Ethereum in a single coordinated platform.

Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true L2 scalability via ZK-Rollups, Syscoin is ushering in the next step in the evolution of blockchain technology.

Mar 23, 2022 by Syscoin Foundation