Charged Particles is a protocol that allows users to deposit ERC-20 tokens (ANY tokens) into an NFT.
A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens.
You can now deposit ANY ERC-20 token into ANY NFT, but for yield — Aave’s aTokens will be the primary interest-bearing asset available the Charged Particle Protocol when we go live.
This changes the game for NFTs.
Yield-bearing aTokens with programmable charge is just one of the many assets that NFTs can hold. Have a number of LP Tokens, Speculative tokens or your own social tokens? Deposit any/all of them inside a scarce NFT — all possible.
Additionally, users can easily deposit tokens / assets into OTHER user’s NFTs. Your NFT now has its own wallet.
Users can easily customize the configurations of their NFTs — Mechanics for your Charged Particles include:
- Time-Locks. Assets deposited into an NFT are unable to be withdrawn until a certain time period.
- Charge. If you deposit an asset that’s supported as an Aave aToken — it’s instantly swapped and you can determine how you would like to treat the interest. For example, this charge can be discharged to a different address — the NFT creator, a friend, a charity — your choice!
- Discharge (removing accrued interest) Configurations.
- Mass (Principle) Removal Configurations. Do you have to burn the NFT to remove the principle from the NFT?