BitProtocol
  • Introducing Bit Protocol
    • Market opportunity
    • Growth Strategy
    • Privacy in Oasis Sapphire
      • Underlying tech
    • Governance
  • Protocol
    • Deposit Collateral and Mint bitUSD
    • Stability Pool and Liquidations
    • Redemptions and Peg Stability
    • Protocol Fees
    • Recovery Mode
    • Supported Collaterals
  • Guides
    • Deposit
    • Provide liquidity
    • Redeem
  • Resources
    • Contracts
  • DISCLAIMER
    • Disclaimer
    • Privacy Policy
    • Service Agreement
  • Future Expansions
    • 1-Click Leveraged Longs
    • Troves as NFTs
    • Peg Maintence
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  1. Future Expansions

Troves as NFTs

By tokenizing user troves into ERC721 NFTs, we allow for more dynamic use cases and an improved UX when using BitProtocol.

  • Users can now have multiple independent positions within a single EOA wallet, eliminating the need to for multiple wallets when performing advanced borrowing strategies in BitProtocol.

  • Troves can be custodied by smart contracts on behalf of a user to enable a wide variety of use cases and composability.

  • Troves can be atomically and securely managed by a third-party or decentralized system with little or no counterparty-risk.

  • Open positions can be sold OTC rather than being closed or liquidated.

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Last updated 2 days ago