Vaults & Stash
Vaults
Section titled “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
Section titled “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
Section titled “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
Section titled “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
Section titled “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
Section titled “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
Section titled “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