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By Plutus
Build infrastructure and sample application for conditional NFT ownership to enable use cases like rental, mortgage, and lending.
The protocol's core idea is a lien mechanism, which allows users to create conditional ownership of digital assets. By leveraging smart contracts, the protocol enables users to engage in various financial transactions, such as borrowing funds against the digital assets or purchasing assets and paying over time.
Use Cases: Mortgage: Users can buy and own assets, such as real estate or vehicles, by representing them as digital assets and paying the value over a specified period. Rent: Users can rent digital assets, allowing them to utilize the asset for a predefined period without having to own it fully. Borrowing: Users can borrow funds by collateralizing their digital assets and receiving loans in cryptocurrencies or other digital assets.
Technical Details: Below is a potential interface for the protocol: createLien(address owner, address asset, u32 amount): This function allows users to create a lien on a specified digital asset. The input parameters include: owner: The address of the user creating the lien asset: The address of the digital asset amount: The amount of the digital asset being encumbered by the lien
removeLien(address owner, address asset, u32 amount): This function enables users to remove a lien on a specified digital asset. The input parameters include: owner: The address of the lien's creator asset: The address of the digital asset amount: The amount of the digital asset to release from the lien
getLien(address owner, address asset) returns (u32): This function retrieves the lien amount of a specified digital asset for a given user. The input parameters include: owner: The address of the user asset: The address of the digital asset
By utilizing the Stellar-based DeFi protocol, users can engage in various financial transactions with digital assets, unlocking new opportunities for decentralized finance in real-world asset management.
$98.6K
Michael A
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