Vaults & Stash
Vaults
Vaults allow users to bundle multiple assets and borrow against them as a single loan. The vault itself becomes an NFT that represents ownership of the bundled assets.
What Can Go in Vaults
ERC-721 NFTs: From any supported collection
ERC-1155 tokens: From supported collections (see appendix for list)
ERC-20 tokens: From supported collections (see appendix for list)
Mixed combinations: Any combination of the above token types
Vault Requirements
ERC-1155 Support: ERC-1155 tokens cannot be used as direct collateral and must be placed in vaults to receive loan offers.
Legacy SuperRare Support: Old SuperRare ERC-721 tokens must be wrapped using GONDI's "Stash" wrapper before use in vaults or individual loans.
Creating and Managing Vaults
Creation: Anyone can mint a vault (requires gas fees)
Add desired assets during creation
No minimum or maximum asset limits
Vault becomes an NFT representing the bundle
Modification Restrictions: Once created, vaults cannot be modified
Cannot add new assets to existing vaults
Cannot remove individual assets from vaults
To change contents: repay any loans, burn vault, withdraw assets, create new vault
Vault Loans
Offer Process: Lenders can see all assets within a vault when making offers
Only item-specific offers available for vaults
Collection offers do not apply to vaults
Borrowers receive offers based on the entire vault's value
Active Loan Restriction: Vaults with active loans cannot be modified
Must repay loan in full before making any changes
Burning vault with active loan is not permitted
Benefits of Vaults
Higher borrowing limits: Combined asset value may qualify for larger loans
Better terms: Bundled assets can attract more competitive offers
Simplified management: One loan instead of multiple individual loans
Cost efficiency: Fewer transactions and reduced gas fees
Flexibility: Support for multiple token standards in one bundle
Technical Notes
Vault is an NFT that holds the bundled assets
Buyers/bidders can inspect vault contents before purchase
During liquidation, winners receive the vault NFT
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