Users are able to leverage the Charged Particles Protocol to mint/create new Non-Fungible Tokens (NFTs).
In the future, you'll be able to take ANY NFT you might own, and thus be able to bypass the minting station.
NFTs minted at the Charged Particles minting station are standard, non-custodial NFTs, held in your wallet - yours to trade, transfer, sell, etc. just like any other NFT - but able to be energized and add a charge.
The Charged Particles Protocol allows users to deposit a primary asset such as DAI into their NFTs - or give them a CHARGE.
You are able to deposit ANY ERC token into your NFT - even deposit other NFTs!
That primary asset (e.g. DAI) is then converted to the corresponding yield-bearing asset (e.g. aDAI) automatically upon deposit.
Principal and interest from the deposit asset in then “locked” into the NFT.
The principal amount is configurable. Do you want a time lock until that asset can be withdrawn? Possible. Additional features at the protocol level (but not in the DApp) include things like the ability to burn the NFT to retrieve the principal amount.
Your primary asset (e.g. DAI) has now been converted into a yield-bearing asset (e.g. aDAI). The interest generated from this asset is then programmable. Want a portion to go to charity? Want to always have a portion back to you (the creator)? You decide.
You decide what happens to the principle and accrued interest associated with your NFT. You can opt for the NFT to be 'melted down' or destroyed to unlock the value - or the "charge (accrued interest)" can always be withdrawn by the NFT owner.
Or continue reading to learn about the current status, protocol revenue, and use-cases.