Revest Finance presents a protocol designed to mint non-fungible tokens (NFTs) that are supported by fungible ERC-20 tokens and intended to be live on major blockchains. These next-generation non-fungible financial instruments-known as Financial Non-Fungible Tokens (FNFT)-are set to become the core of the Revest protocol. In this model, fungible digital assets are deposited into a Revest smart contract in return for their non-fungible counterpart. The underlying assets for an FNFT stay secured inside the smart contract until the conditions defined in the FNFT’s creator’s contract terms are satisfied. While the smart contract has not yet reached its maturity date, the FNFT can be transferred without changing the market value of the fungible tokens it represents. FNFTs can be traded on any marketplace that supports the ERC-1155 standard.

This FNFT framework can support a range of uses. Assets held within FNFTs may be bound by different vesting and distribution limitations tied to the launch of new tokens. Common vesting structures often prevent trading during the vesting period; to broaden trading flexibility, the Revest protocol enables trading of assets that are not yet vested while still respecting vesting rules and keeping the market value of the underlying assets unchanged. The reason is that only an NFT representing future entitlement to the unvested asset is what changes hands. The Revest protocol may also be used to build and manage the collateral pool that supports cryptocurrency-backed lending.

RVST, the token supporting the Revest platform, fulfills three roles: