Mati Greenspan’s Quantum Economics, a leading blockchain advisory firm, announced on April 13, 2023, that it has acquired the decentralized finance (DeFi) platform, Revault Network. This strategic move is expected to help advance DeFi, making it a viable alternative to traditional finance.
Revault Network is a DeFi service that enables users to find the highest-return vaults at any given time, eliminating the need for users to choose where to deposit their funds.
With Quantum Economics’ acquisition of assets and intellectual property from the Revault Foundation and its subsidiaries, the DeFi platform will continue to operate with its decentralized autonomous organization (DAO) that will vote on development decisions. Quantum Economics noted that this marks the first time that an Israel-based company has purchased a DAO.
Furthermore, Quantum Economics will acquire the Revault founders’ tokens that have been transferred to its own DeFi project, Layered Cake Protocol. Revault Network’s REVA token will continue to remain in use, with its small market cap valued at just $668,000 at present, according to CoinGecko.
The acquisition is expected to be a game-changer in the DeFi space, as it will allow investors to invest in DeFi safely and easily. Mati Greenspan, the CEO of Quantum Economics, believes that DeFi can “completely replace traditional finance” within a decade.
Greenspan is known for his extensive commentary on the crypto industry and his portfolio management advice. He founded Quantum Economics after serving as a Senior Market Analyst at eToro.