Revault’s launch date is unveiled as the project continues to grow and secure collaboration with leading launchpads.
What is Revault?
Aiming to become the Google search of Decentralized Finance (DeFi), Revault users will be able to easily find the best performing vaults for their assets and will enjoy an automatic rebalancing feature, adjusting their position whenever a new vault takes the lead.
The project, incubated by Defi.org with its founding partners, Binance, Moonstake and Orbs, was born to solve the two major pains in DeFi – finding the right place to put your assets in use, and maintaining that position to always be on optimum. Using its proprietary vault indexer, Revault is able to show real time vault APY without the need to trust their presented metrics.
Initial Liquidity
Revault will conduct its Initial Liquidity Offering (ILO) on October 13th, 12:00 PM CET, and will raise up to $440K USD to be allocated between 3 different launchpads – Lightning, Poolz and Infinity Pad by DAOmaker. As the name suggests, 100% of the BNB raised in the ILO together with the Presale contributions will be locked as liquidity with equal value of $REVA tokens on PancakeSwap.
The full $REVA tokenomics, DAO, and ILO details can be found in the project’s official Medium account
On October 14th, Revault will release its beta version of the platform and enable its governance token ($REVA) holders to start staking the tokens for staking rewards.
After being in stealth mode for almost a year, the Revault team has doxxed itself revealing its extensive blockchain background with founding members of crypto companies and veteran projects like Orbs, Bancor, Efficient Frontier and others.
“I am absolutely thrilled Revault made it to this special landmark, Revault’s co-founder Uriel Peled said. “Revault is the first and only DeFi layer 4 project. We categorize DeFi into 3 existing layers – 1. Borrowing and lending, 2. Farming, and 3. Vaults. Revault is the 4th layer, an automated vault relayer designed to bring you the best performing vaults for your assets in any given time, followed by 24/7 monitoring of that position for you.”
The team sought to answer the question of why Revault stood out from other DeFi projects.
“What makes Revault so special is the fact it addresses the most basic question every DeFi and blockchain player ask themselves, “where should I put my money”, we found ourselves asking that same question over and over again and decided we must do something,” Revault co-founder David Benchimol explained. “Today, we are two weeks away from launching our beta and confident Revault will disrupt the way DeFi players manage their assets.”
The Revault team will participate in an AMA with BSC News on October 12, 2021 at 20:00 CET.
To learn more about Revault, visit the following links:
Source : bsc.news
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