Mati Greenspan’s Quantum Economics announced today that it has acquired DeFi platform Revault Network.
Revault is a service that removes the need for users to choose where to deposit their funds and allows them to find the highest yielding vault at any given time.
Quantum Economics will acquire assets and intellectual property from Revault Foundation and its subsidiaries, according to a press release shared by CryptoSlate. Quantum Economics will also get the Revault founder’s tokens transferred to his own DeFi project, the Layered Cake Protocol.
Revault Network’s Decentralized Autonomous Organization (DAO) will continue to operate and vote on development decisions. Quantum Economics says this is the first time an Israel-based company has purchased his DAO.
Revault Network’s REVA token will also continue to be used. According to CoinGecko, the token has a small market cap, currently worth just $668,000.
Revault and Quantum Economics previously partnered with 2022.
Quantum Economics CEO Mati Greenspan suggests the acquisition will help advance decentralized finance in general. Greenspan expressed his belief that DeFi could “completely replace traditional finance” within a decade, stating that a viable alternative to traditional finance would allow investors to He said it was possible to “safely and easily invest in DeFi.”
Greenspan is well known in the blockchain space for its extensive commentary and portfolio management advice on the cryptocurrency industry. In addition to his founding role at Quantum Economics, he previously served as Senior Market Analyst at eToro.
Acquired by Mati Greenspan’s Quantum Economics, Revault Network first appeared on CryptoSlate.
