ERC5725: Transferable Vesting NFT
"Tokens, but this time inside an NFT" - @CryptoNines
A Guide to ERC-5725
1: Curve Type
Choose from available ERC-5725 curve types. Currently, options include a linear release over two distinct dates or a single-date release for all tokens. Future enhancements will introduce diverse algebraic and exponential curve types.
2: Mint NFT
Adhering to ERC-721 standards, only deployers and authorized minters can mint tokens. This process can be extended to other contracts for transparent 5725 token creation, incorporating specific curve data like dates, vested amounts, and recipients.
3: Vest Tokens
During NFT creation, tokens are typically transferred to the ERC-5725 contract for secure escrow. This mechanism can be tailored, allowing earlier or later token transfers to suit your unique minting strategy.
4: Claim Tokens
Token availability for claiming varies based on the selected curve type. Utilize the claimablePayout(tokenId)
and claim(tokenId) functions to ascertain available amounts and initiate claims.
ERC-5725 Use Cases
Bonds
ERC-5725 enables the issuance of tokenized securities with scheduled vesting. This aligns with various securities' need to configurabily and periodically distribute returns to holders. ERC-5725's flexibility allows for compliance with diverse regulatory standards, ensuring seamless integration into permissioned ecosystems.
Token Lockers
As a versatile solution, ERC-5725 can act as a token locker, effectively scheduling the release of vested project tokens, such as LP tokens, on predetermined dates. This functionality adds a layer of security and predictability to token distributions.
Presales / Initial Token Offering
ERC-5725 offers a robust interface for more nuanced vesting distribution curves. This feature is invaluable for projects seeking tailored token release schedules.
NFT DeFi
ERC-5725 opens new frontiers in NFT-based DeFi projects by enabling unique vesting strategies. This innovation broadens the utility of ERC-5725, paving the way for novel DeFi products intertwined with the NFT ecosystem.
