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Summary of Charged Particles
- Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, or ERC-1155 tokens into an NFT.
- Users can deposit ANY ERC-20 token or ANY NFT into ANY NFT for yield.
- Aave’s aTokens will be the primary interest-bearing asset available in the Charged Particles Protocol.
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Features of Charged Particles include:
- Time-Locks: assets deposited into an NFT are unable to be withdrawn until a certain time period.
- Charge: depositing an asset supported as an Aave aToken allows for programmable interest.
- Discharge (removing
Unlocking the Power of Charged Particles
What is Charged Particles? Charged Particles is a pioneering protocol that enables users to deposit ERC-20, ERC-721, or ERC-1155 tokens (any tokens) into a non-fungible token (NFT). A rare NFT (e.g., art, collectible, virtual real estate, in-game item, or any NFT) can now be transformed into a diversified basket holding a multitude of other tokens. You can now deposit any ERC-20 token or any NFT into any NFT, yielding interest — Aave’s aTokens will be the primary interest-bearing asset available in the Charged Particles Protocol at launch. This innovation revolutionizes the NFT landscape. Yield-bearing aTokens with programmable charge are just one of the many assets that NFTs can hold. Have a collection of LP tokens, speculative tokens, or your own social tokens? Deposit any or all of them inside a scarce NFT — all possibilities are open. Additionally, users can seamlessly deposit tokens or assets into other users’ 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 Assets deposited into an NFT are unable to be withdrawn until a predetermined time period. Charge. If you deposit an asset 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? The NFTs created via Charged Particles are still standard non-custodial NFTs that can be sold on popular marketplaces like Rarible or OpenSea, but you’re enabling them to easily hold other ERC-20 tokens and have programmable interest. This creates a new and independent asset class of “charged” NFTs, including tradable markets and establishment as a cornerstone piece of the “DeFi lego block economy.”