Revuto

A subscription management and micro-lending and borrowing platform aiming to redefine their user's personal management of subscription services.

Revuto consists of three different elements:

Revuto dApp The subscription management platform
REVU Cardano native token for governance and utility
Micro-lending and borrowing platform

Users who sign up for the free version pay a 4% fee on each transaction, whilst those who opt for the €12 per month subscription pay no transaction fees and receive 4% cash back on their transactions.

The dApp

Users manage their subscriptions from a single dashboard inside the Revuto dApp, approving, blocking, or snoozing subscription charges as they occur. To begin with, users can only pay using Revuto’s virtual debit card, which supports FIAT currencies, REVU tokens, and the Cardano Native EURR stablecoin.

If a user want to pay for their subscriptions in crypto they must download and use the proprietary Revuto Wallet. Through this, utilizing smart contracts, users will be able limit the amount of crypto they spend on subscriptions across a set period.

The REVU Token

REVU will be the only token that users can stake as collateral for micro-loans through the platform.

Users can also stake REVU to gain access to staking rewards and product benefits. In order to receive these users must commit to a minimum staking period of 6, 12, or 18 months.

Once the protocol is complete REVU token will be able to be staked and used for governance.

Micro-lending and Borrowing

Through Revuto users will have access to over-collateralized micro-loans which allow them to pay the subscriptions they have due without liquidating their REVU holdings i.e. they can still earn the staking rewards.

Loans requires a 2:1 ratio of over-collateralization i.e. stake €100 worth of REVU and receive 50 newly minted EURR stablecoin. Loans are payed back at a fixed 20% interest rate and once the tokens are paid back the user's collateral is released. If at any one point the staked collateral is insufficient to back the loan then the staked REVU tokens are liquidated.

Referral Program

Revuto also provides users with a customer acquisition incentive, paying them a percentage of every subscription fee that a user they sign up to the service pays; for life.

Along with this, Revuto is offering NFTs to any user that stakes 2000+ REVU tokens for 6 months. Those who do this will be receive double the referral percentage.

Industry

DeFi

Lending Protocol

Lending Protocols

Lending protocols in the DeFi world allow people to loan or lend money in a peer-to-peer manner, i.e. without the banking middleman. These loans are secured by the lender over-collateralizing the loan and the terms of the loan being managed in a smart contract. This gives the unbanked or those who have poor credit the ability to take loans, and it gives those with excess capital the opportunity to provide loans in a secure and trustless manner, and to earn income from them.

Over-collateralization means that the person receiving the loan locks up more than the value of the loan to secure it e.g. if they want to loan 100 they must lock up 150. How much they over-collateralize the loan by, and which tokens they use as collateral, depends on the platform. Some platforms only accept stablecoins, and other accept a variety of crypto assets. Typically, an individual uses one asset for collateral and takes a different asset as their loan.

An important factor in all loans is the interest rate and the length of the loan. These vary greatly by lending protocol, and loans can have fixed interest rates and periods, or infinite periods with interest rates that fluctuate throughout the loan period, fluctuating based upon the utilization rate of the pool of funds the loan was drawn from.

Importantly, the receiver of a loan is expected to maintain a certain ratio of collateral to loan, meaning that if the value of their collateral drops below that of their collateral to loan ratio, they need to add more collateral to keep the required balance. If they don’t keep up the collateral ratio they face liquidation and the loss of their collateral.

To "become the bank" those with idle tokens can deposit them into a lending protocol and earn from the interest derived from the loans their tokens are used to facilitate. Usually this deposit requires a lockup period of a certain length of time. Often, the longer the lockup period the higher the percentage return for the depositor.

The dApp

The REVU Token

Micro-lending and Borrowing

Referral Program

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