Revest Finance

Halal Rating :
Comfortable
Contract: 0x120a3879da835a5af037bb2d1456bebd6b54d4ba
Last Price $0.0072 Last updated:
Rank 7571
1D Change -3.92 %
Market Cap -
Circulating supply 0
Maximum supply 100,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem

Purpose and Utility

Revest Finance is a DeFi protocol that enables the creation of time-locked and conditionally-locked tokens through NFTs. The RVST token is used for governance of the protocol and provides access to protocol features.

Business Model

The protocol allows users to create Financial NFTs (FNFTs) that can lock any ERC-20 token behind customizable conditions. These conditions can include time-locks, value-locks, or address-locks. The business model appears transparent and the core functionality does not inherently involve prohibited activities.

Real-World Adoption

The protocol has demonstrated actual usage, with multiple partnerships and integrations in the DeFi ecosystem. The platform has processed numerous FNFT creations and unlocks, showing genuine utility beyond mere speculation.

Platform Development

There is ongoing development activity with regular updates to the protocol. The team maintains an active GitHub repository and continues to implement new features and improvements.

Token Distribution

The token distribution includes allocations for the team and early investors with standard vesting periods, which is typical for DeFi protocols. There are no unusual concentration patterns that would suggest a scheme to enrich founders.

Technology Assessment

The core technology revolves around smart contracts that facilitate token locking and unlocking mechanisms. While the protocol can be used in conjunction with lending protocols, its primary function of token locking does not inherently involve riba.

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