#5@insrtfinance
In this thread
1. TLDR
2. How the protocol works in detail
3. First Vault
4. insrt finance’s #NFTs
5. Summary
6. Tease you how I would play it in the next tweet so you will follow me
TLDR
How it works
1) NFT vaults content 1 or a collection of NFTs.
2) Users can buy a fractionated piece of the Vault.
3) The NFT is then put into work in different #NFTfi strategies depending on the vault.
Why you use it You can own a piece of a NFT without buying the whole thing + insrt finance helping you manage the #DeFi money you can earn some yield.
How the protocol works in detail
1. Insrt finance launch a ShardVault, 1 or collection of NFTs with What strategy they plan to do on top of the NFT
2. User can deposit ETH into the vault until it reaches the required funding amount
3. Once reached, insrt protocol buys the NFT and “split” it into shard NFTs that represent % ownership of the vault
4. The NFT is put into DeFI strategies
5. User can claim yield periodically
6. User can exit via selling the shard NFT or vote to sell the NFT to distribute all profits to shard holders
First Vault - #CryptoPunk 9620 Shard Vault
-100 shards @ 0.7ETH per shard.
-Punk is then deposit to @JPEGd_69
for 25peth loan -$pETH is then deposit to “The Citadel” auto compound $pETH / $ETH to earn JPEG
(Sharing more how i play this next tweet for engagement farm)
Insrt finance NFTs Utility NFTs with 5 tiers
1)Staking rewards Boost
2)Fee reduction
3)Early access to future vaults, reserving spots for future vaults for NFT holds
4)Token #Airdrop, 1-3% of the entire token supply will be airdrop to NFT holder by tier
Summary
Insrt finance is for someone that wants NFT exposure without buying the whole thing while earning some yield on the side.
Team wise although i don’t know @hentaiavenger66 but profile seems to be a crypto native CT figure. Team has been very responsive, @0xElude replied my questions on discord quicker than my gf. Communication with community is always good signs. Partnership with JPED’d is good.
All the documents were clear and easy to read. UI UX was on point
With #NFTfi being one the gud narratives on 2023 i think its worth keeping an eye on. I am interested to see more different strategies coming online, maybe like @BoredApeYC & $ape. Or a vault focusing on nftfi liquidations.