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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