A thread about $RVST
My DeFi dark horse ♞ and a competitor to $PENDLE
I'm a massive fan of both, but I think the perfect storm is brewing for RVST
PENDLE exploded 23x in the last 6 months to a 70m marketcap
RVST is at a 2.8m marketcap
A huge opportunity. Here's why 👇
My DeFi dark horse ♞ and a competitor to $PENDLE
I'm a massive fan of both, but I think the perfect storm is brewing for RVST
PENDLE exploded 23x in the last 6 months to a 70m marketcap
RVST is at a 2.8m marketcap
A huge opportunity. Here's why 👇
Firstly, why did $PENDLE explode?
In September 2022, Ethereum shifted to proof-of-stake. People could now stake their ETH and earn rewards (yield)
Unfortunately, staking meant your funds were completely locked up
In September 2022, Ethereum shifted to proof-of-stake. People could now stake their ETH and earn rewards (yield)
Unfortunately, staking meant your funds were completely locked up
You could only access your money and unstake when the time frame ended
This explains why only 14% of the ETH supply was staked. No one wants to lock up their funds
But in March 2023, the Shanghai upgrade introduced “liquid staking"
This explains why only 14% of the ETH supply was staked. No one wants to lock up their funds
But in March 2023, the Shanghai upgrade introduced “liquid staking"
People could now stake their Ethereum AND access their funds at the same time
How? Deposit your 1 ETH and receive 1 stETH (staked ETH)
So while your 1 ETH is locked and earning, the stETH (your “derivative”) can be withdrawn and used to make money on other platforms
How? Deposit your 1 ETH and receive 1 stETH (staked ETH)
So while your 1 ETH is locked and earning, the stETH (your “derivative”) can be withdrawn and used to make money on other platforms
BOOM, a new narrative was born
Liquid Staking Derivatives (LSDs)
Now anyone with ETH can generate extra income, all while their deposit is staked and earning yield
There's over $200B in ETH. No doubt #LSDs will be big
Enter $PENDLE and $RVST...
Liquid Staking Derivatives (LSDs)
Now anyone with ETH can generate extra income, all while their deposit is staked and earning yield
There's over $200B in ETH. No doubt #LSDs will be big
Enter $PENDLE and $RVST...
$PENDLE & $RVST take liquid staking to the next level
They're “yield-trading protocols” that split the yield-bearing asset from the yield itself
So deposit your 0.5 staked ETH and you get the Principal and Yield, separately!
Now you can trade them individually, as you want
They're “yield-trading protocols” that split the yield-bearing asset from the yield itself
So deposit your 0.5 staked ETH and you get the Principal and Yield, separately!
Now you can trade them individually, as you want
You could sell just your Principal
Leverage just your Yield.
Or have liquidity in advance
All without risking your underlying deposit
This is a brand new & extremely lucrative way to take advantage of liquid staking.
$PENDLE is at the forefront of this movement
Leverage just your Yield.
Or have liquidity in advance
All without risking your underlying deposit
This is a brand new & extremely lucrative way to take advantage of liquid staking.
$PENDLE is at the forefront of this movement
But I'm WAY more excited about $RVST
A secret giant in this space.
With 100% revenue sharing...
Let me explain 👇
TWO main reasons why $RVST is going to shock people
Firstly, the technology…
A secret giant in this space.
With 100% revenue sharing...
Let me explain 👇
TWO main reasons why $RVST is going to shock people
Firstly, the technology…
$PENDLE works by splitting your Principal & Yield into two separate tokens (Principal Token, Yield Token)
but $RVST is different
They pioneered using ERC-1155s to represent financial positions
they call this –– the Financial NFT (fNFT) 🙌
A stroke of genius.
but $RVST is different
They pioneered using ERC-1155s to represent financial positions
they call this –– the Financial NFT (fNFT) 🙌
A stroke of genius.
Who else likes $RVST's Financial NFTs?
Only some of the BIGGEST protocols in defi who are partnered with Revest
Frax | $FXS
Yearn Finance | $YFI
$GMX
Velodrome | $VELO
all partnered with Revest for the fNFTs
This technology puts $RVST on another level
Only some of the BIGGEST protocols in defi who are partnered with Revest
Frax | $FXS
Yearn Finance | $YFI
$GMX
Velodrome | $VELO
all partnered with Revest for the fNFTs
This technology puts $RVST on another level
Because with these fNFTs, $RVST was able to build its main product: Resonate
what Resonate does, rather than splitting Principal & Yield into tokens, it splits them into Financial NFTs
The result?
$RVST pays your future yield gains… UPFRONT 🤯
what Resonate does, rather than splitting Principal & Yield into tokens, it splits them into Financial NFTs
The result?
$RVST pays your future yield gains… UPFRONT 🤯
Deposit your asset. Claim your yield upfront. Immediately.
All while still protecting your principle
Honestly, with all the LSDfi possibilities floating around, THIS is what I’m most excited about.
But there's something much more important
All while still protecting your principle
Honestly, with all the LSDfi possibilities floating around, THIS is what I’m most excited about.
But there's something much more important
In addition to the upfront payout, $RVST is the only 'automated matching system’ to create and sell yield-futures
Resonate automatically matches Purchasers and Issuers
The result? ZERO SLIPPAGE
Which is MASSIVELY important for scalability
And boy... do we need to scale
Resonate automatically matches Purchasers and Issuers
The result? ZERO SLIPPAGE
Which is MASSIVELY important for scalability
And boy... do we need to scale
$RVST and $PENDLE are targeting a $400 Trillion interest rate derivative market from TradFi 🤯
So for yield-trading protocols with unsustainable emissions, this is particularly concerning
Unfortunately, $PENDLE has this major design flaw...
So for yield-trading protocols with unsustainable emissions, this is particularly concerning
Unfortunately, $PENDLE has this major design flaw...
$PENDLE uses a ve model system which uses incentives to prop up volume
Due to the slippage on their AMM system, it can’t handle institutional levels of volume
Once you dump more than 1M into the protocol (in Tradfi this isn't much) their AMM and ve model system will quickly 💩
Due to the slippage on their AMM system, it can’t handle institutional levels of volume
Once you dump more than 1M into the protocol (in Tradfi this isn't much) their AMM and ve model system will quickly 💩
which is particularly concerning when you’re targeting a $400T market…
I’m not the only one to notice $PENDLE’s protocol design flaws:
I’m not the only one to notice $PENDLE’s protocol design flaws:
On the flip side, $RVST has been built from the ground up to scale for exactly THIS reason
Their automated matching allows institutional-tier players to get their guaranteed yield upfront
WITHOUT risk of slippage
and without needing to be a bag holder to get the best results
Their automated matching allows institutional-tier players to get their guaranteed yield upfront
WITHOUT risk of slippage
and without needing to be a bag holder to get the best results
Yes, the technology is exciting.
but for investors, there's something WAY more exciting
On July 12, $RVST announced that they’re grabbing revenue sharing by the balls
RVST stakers will now get 100% of protocol revenue 🤯 A HUGE increase from the original 15%
but for investors, there's something WAY more exciting
On July 12, $RVST announced that they’re grabbing revenue sharing by the balls
RVST stakers will now get 100% of protocol revenue 🤯 A HUGE increase from the original 15%
They’ve also introduced RVST buyback to create buy pressure for $RVST token
Essentially, all their streams of revenue are now going to pump the token
For me, this was previously the missing piece of the puzzle.
Now it’s clear…
The team want to inject the token with fire 🔥
Essentially, all their streams of revenue are now going to pump the token
For me, this was previously the missing piece of the puzzle.
Now it’s clear…
The team want to inject the token with fire 🔥
The question is – is there revenue to start this fire?
Luckily for me, I’ve spent years keeping my eye closely on this project 👀
Luckily for me, I’ve spent years keeping my eye closely on this project 👀
In their community calls the team always seem to be hinting at something big. Something they're excited about, but can’t say what it is (due to NDAs)
Finally, we get glimpse 👀
Here’s a look at the $RVST deal pipeline for institutional dealings ONLY
Finally, we get glimpse 👀
Here’s a look at the $RVST deal pipeline for institutional dealings ONLY
That’s ~50k in MONTHLY estimated revenue from pre-existing institutional deals alone.
and doesn’t even include their Regen portal, Frax portal (both built on Resonate) or future deals
What happens when this much revenue surges into a 2.8m MC project, with 100% revenue share?
and doesn’t even include their Regen portal, Frax portal (both built on Resonate) or future deals
What happens when this much revenue surges into a 2.8m MC project, with 100% revenue share?
What happens when more institutions want upfront yield from the only protocol designed to handle the volume?
You see where I’m going 👀
But there’s something bigger.
In my deep in my dive, I spotted something else. Something important
You see where I’m going 👀
But there’s something bigger.
In my deep in my dive, I spotted something else. Something important
It started with a message from Rob (the relentlessly hard working founder) in the discord. He mentions shifting Resonate to focus on a “niche” market for “massive volume”
What niche market is he talking about?
Then I see this tweet. It becomes clearer.
Then I see this tweet. It becomes clearer.
Woah, $RVST is now targeting Real World Assets (RWA)!?
It makes so much sense
#RWAs is a $16 TRILLION industry, and Resonate is perfectly built for yields on instruments like Treasuries, Bonds
And then I found the BIGGEST 🤯 news so far
a $10m/month deal incoming for $RVST
It makes so much sense
#RWAs is a $16 TRILLION industry, and Resonate is perfectly built for yields on instruments like Treasuries, Bonds
And then I found the BIGGEST 🤯 news so far
a $10m/month deal incoming for $RVST
$500k in revenue?!
I think $RVST is going to shock people.
Tokenized assets aren’t some future crypto fantasy
It's happening now.
The is the most interesting chart in Defi right now.
I think $RVST is going to shock people.
Tokenized assets aren’t some future crypto fantasy
It's happening now.
The is the most interesting chart in Defi right now.
In the midst of the bear market, it’s easy to miss these things
But I’ve spent weeks diving into $RVST
LSDs and upfront yield is going to be massive. We saw this with $PENDLE
RWAs will be even bigger
And everything $RVST has been building is for this exact moment
But I’ve spent weeks diving into $RVST
LSDs and upfront yield is going to be massive. We saw this with $PENDLE
RWAs will be even bigger
And everything $RVST has been building is for this exact moment
The future crypto market will be much more of a hybrid of DeFi/TradFi than we’ve ever seen before
I think THIS is the catalyst for the next bull market
and $RVST will be a leader
with $100’s of millions of TVL to come quickly, and the price to follow,
my DeFi dark horse ♞
I think THIS is the catalyst for the next bull market
and $RVST will be a leader
with $100’s of millions of TVL to come quickly, and the price to follow,
my DeFi dark horse ♞
Some final $RVST info
– Doxxed team
– 84% tokens in circulation
– Huge liquidity for whales ($700k)
– Audited by Blocksec & Zellic
– Under the radar, 2500 holders
– Doxxed team
– 84% tokens in circulation
– Huge liquidity for whales ($700k)
– Audited by Blocksec & Zellic
– Under the radar, 2500 holders
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