xLQDR, Financial NFTs and the next big leap for LiquidDriver
A Seismic Shift Forward
The introduction of xLQDR financial NFTs (FNFTs) produced in partnership with Revest Finance, marks a seismic shift forward for Liquid Driver. Whilst xLQDR in and of itself has represented an excellent mechanism by which to access a wide range of Fantom blue-chips, including $LQDR, $WFTM, $LINSPIRIT, $BOO, $SPELL and $BEETS (with more on the way), one frustration has been that xLQDR positions have been untradeable. xLQDR FNFTs, created in concert with Revest, create frictionless transfer possibilities for LQDR stakers, but also set the foundation for future innovations.
FNFTS and Revest
NFTs (non-fungible tokens) have become synonymous in many circles with digital artwork, a singular use-case that barely scratches the surface of what is possible with the undergirding, innovative technology.
The groundbreaking feature of Revest’s FNFTs is deceptively simple — they are financial instruments, packaged and stored using the widespread ERC-1155 industry standard. This creates the ultimate level of accessibility for ordinary users and makes Reverse’s FNFTs uniquely commercially viable, as they are able to be traded and sold on all existing NFT marketplaces. Users will be able to mint and hold multiple positions as FNFTs in a single wallet, which potentially paves the way for a range of adventurous strategies.
FNFTs are a next logical step in the evolutionary chain of non fungible tokens, with a wide range of future potential use cases, changing how users experience token vesting and spawning radical new implications for lending and borrowing platforms, as well as the burgeoning on-chain financial derivative markets. Revest’s technology, therefore, is the perfect tool to unlock even further value for xLQDR holders.
Stacking Innovation on Top of Innovation
As a result of this partnership, xLQDR holders will be able to lock their xLQDR into an FNFT, enabling them to trade xLQDR positions on secondary markets, as well as upcoming dedicated FNFT marketplaces. The seamless integration of Revest technology into LiquidDriver’s native UI means that users will be able to use simple, information rich interface to interact with their FNFTs.
Incredibly, thanks to Revest’s inherent modularity, users will be able perform all of the native actions they have become accustomed to, just as they would with the original wallet lock mechanism — that means being able to claim, deposit additional xLQDR to a position and relocking positions. It also means being able to use the inbound voting mechanic for xLQDR holders.
Onwards, Across Seas of All Tides
LiquidDriver continues to push the limits of decentralised finance and this partnership with Revest and their revolutionary FNFT technology holds all the hallmarks of the classic, swashbuckling innovation that users have come to expect. xLQDR FNFTs open up a rich, diverse range of potential future features. As ever, onwards, pirates!
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.