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How It Works
In the future, you'll be able to energize 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 Charged.
You are able to deposit any ERC token into your NFT, including other NFTs!
If the asset deposited (e.g. DAI) is supported by Aave, it is then converted to the corresponding yield-bearing asset (e.g. aDAI) automatically, and will earn interest inside the NFT.
The principal amount is configurable. Do you want to time lock until that asset can be withdrawn?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. The Charge (accrued interest) can always be withdrawn by the NFT owner.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.