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NFT Bond utility and usage
When a lender deposits assets into Aada protocol, Aada mints new NFT-bond that is a representation of the deposit. Anyone holding the NFT-bond has the right to redeem the deposit. This means a deposit can be transferred. Same way for borrowers. Initial borrower (who is also a depositor) creates an NFT-bond that represents both the loan and a deposit. This means anyone bearing the NFT can receive an initial deposit by:
  1. 1.
    Providing loan that was taken
  2. 2.
    Providing NFT-bond as a right to claim the deposit
  3. 3.
    Keeping the NFT bond in your own wallet instead of smart contract
Aada.Finance video about NFT Bond features
Last modified 17d ago
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