Abstract. Invariants, bisimulations and assertions are the main ingredients of coalgebra theory applied to computer systems engineering. In this paper we reduce the first to a particular case of the second and show how both together pave the way to a theory of coalgebras which regards invariant predicates as types. An outcome of such a theory is a calculus of invariants' proof obligation discharge, a fragment of which is presented in the paper. The approach has two main ingredients: one is that of adopting relations as "first class citizens" in a pointfree reasoning style; the other lies on a synergy found between a relational construct, Reynolds' relation on functions involved in the abstraction theorem on parametric polymorphism and the coalgebraic account of bisimulation and invariants. In this process, we provide an elegant proof of the equivalence between two different definitions of bisimulation found in coalgebra literature (due to B. Jacobs and Aczel & Mendler, respectively) and their instantiation to the classical ParkMilner definition popular in process algebra.