Introduction to charge particle : energise your NFT.

Ndikpongke
2 min readSep 8, 2023

--

What is charged Particles

Charged Particles is a token agnostic and NFT agnostic protocol that is expanding the possibilities of NFTs by allowing for a scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) to be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is extremely easy to access.

Charge your “NFT” with charge particles.

Their name holds true meaning in the context of their innovation, as “Charged Particles” are interest-bearing Non-Fungible Tokens, or DeFi NFTs. Any NFT Token that is minted with an interest-bearing token (e.g. aDAI) via the Charged Particles Protocol is considered a “Particle”, and accrues interest over time. This interest is the “Charge” that becomes inherent within the token, and the amount of interest earned over time represents the specific “Charge” that the did you“Particle” has amassed.

You can now “charge” your NFT with other tokens like e.g. social or governance tokens — in fact any ERC20 token works. The NFT becomes kind of a wallet in itself and gradually grows in value when its content appreciates in value. Charged Particles enables such a feature. And the team went one step further and partnered with DeFi champion Aave. When we put stablecoins like $DAI into our NFT, these $DAI get automatically wrapped into $aDAI — Aave’s interest-bearing version of $DAI. We now have kind of a savings account inside our NFT which we might use instead of a traditional savings account for our kids.

#web3 #IONX #AI #NFT

--

--

Ndikpongke

crypto_explorer// graphics designer// defi_explorer// contents creator// event planner// nft_explorer// crypto trader//marketing expertise//