Cardano-based Revuto Launches Its Liquidity Staking Program

Starting the Blockchain Review announced plans to open eight exclusive staking pools on the ISPO-only Cardano model, allowing users to stake $REVU tokens and earn Cardano-based tokens in return. Announced on Thursday, the Revuto staking pools offer the most competitive returns on Cardano and offer users the opportunity to participate in the initial token distribution for new native Cardano tokens. The launch of the staking pools follows a successful nine-month run for the Revuto app, which included the creation of the first mobile-native crypto wallet on Cardano, the listing of major centralized crypto exchanges, and sublime growth rates in the user acquisition.

Speaking on Revuto’s latest staking pools launch, Revuto CEO and Co-Founder Vedran Vukman said:

With Revuto Staking Pools, we are now the first staking pools available to offer staking and rewards in native Cardano tokens. This is an important milestone for the entire Cardano community of builders and supporters.

The staking surveys will also ensure that Revuto users and investors earn competitive rewards, as the team has selected “the most promising projects as well as exclusive deals,” Vukman added. Revuto plans to create partnerships and synergies in the Cardano ecosystem throughout the year with the aim of partnering with the best projects and giving their users the opportunity to quickly grab the best native Cardano tokens. To that end, the team launched farming pools in the Revuto Staking Center, with a partnership with COTI, the issuer of Cardano’s algorithmic stablecoin, DJED, already sealed.

Nevertheless, in February, Revuto also welcomed agricultural pools VyFinance and SundaeSwap to the staking center. This allows users and investors to earn $SUNDAE and $VYFI tokens as a reward for staking $REVU tokens. At the time, the demand for farm pools was so impressive that both farms reached their hard cap limit within days, before the end of the subscription period. Staking pools have since seen even greater demand from investors, with Revuto having already staked over 24 million $REVU tokens, or almost 50% of the $REVU circulating supply.

Leveraging $REVU Staking to Earn Cardano Native Tokens

The global reception of staking pools has welcomed new users and innovation to Cardano, as a new smart contract platform. Nonetheless, the Revuto team plans to continue innovating in the space to deliver additional capabilities and benefits to $REVU holders. The last partnership with Genius Yield is the first ISPO of its kind on Cardano, a fundraising mechanism that allows delegators of a Proof-of-Stake (PoS) network to divert staking rewards to a project of their choice and obtain tokens from return project.

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Users will be able to wager $REVU tokens and earn $GENS tokens. These rewards will be distributed as part of the initial distribution of GENS tokens. Additionally, rewards from the staking pool reward center will be increased, guaranteeing users more rewards than the usual Genius Yield ISPO rewards. Distribution of GENS rewards earned through the Revuto Staking Center will occur after the end of the 90-day staking period, while users who delegate ADA in the standard ISPO will have to wait for the distribution of GENS tokens for 6-12 months after the Genius. TGE yield.

Platform users will also access the stake pools and reward center directly from their mobile phone if they have downloaded the Revuto app from the App Store, Google Play and the Huawei App Gallery.

What does the future hold for Revuto app users and token holders?

After a successful two-month opening for $REVU staking pools, Revuto is planning further developments throughout the year to increase possibilities for its users. According to their statement, the company is preparing to launch its virtual debit cards to manage subscription seasonality and allow users to pay for their subscriptions with native Cardano tokens.

Additionally, Revuto will also launch its fiat-to-crypto exchange in the Revuto app and boost DeFi capabilities with the aim of allowing users to pay for their subscriptions at a lower price than what they would pay with FIAT money. . One of the DeFi capabilities will be the micro-borrowing facility which will allow users to obtain unsecured micro-loans in crypto and use them to cover their subscription payments. This will not only help users get micro loans, but also allow other Revuto users to provide liquidity to other Revuto users and earn yield.

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