Here's the patent application on the Defy shaft:
A cue for billiard sports that has a butt section, a joint collar, and a shaft section that has a kinetic energy absorbing insert located in the shaft section of the cue. A shaft section that has a kinetic energy absorbing insert that may be connected to an existing joint collar and butt section...
patents.google.com
It has a "kinetic energy absorbing insert" "made of a structural elastomeric material" like butyl rubber or "SMAC SMACTANE® SP Damping Material." At least in the drawings, this insert is in the middle of the shaft:
From the Revo teardowns I've seen, it's all foam filled. So this butyl rubber insert is the reason for the difference in feel. McDermott mentions this patent application, and SMACTANE, on its website, so the drawing is probably accurate.
For what its worth, I personally like using a long maple plug as the joint plug instead of a phenolic insert. I don't like the way the pin feels screwing into phenloic and the maple plug seems less tinky sounding than just phenloic and foam