NFT Bond
Time limited lending using Real estate asset as collateral
Last updated
Time limited lending using Real estate asset as collateral
Last updated
When an owner does not want to sell equity of the house but just wants to take a temporary loan and is willing to pay an interest of the borrowing, we arrange this using NFT Bond
The user on the platform (buyer or seller/owner) first is registered as a new user on the DAO of the real estate Asset using this Smart Contract.
ISSUANCE SC
In Cardano we do not need Smart contract for minting the NFT. A cardano-cli can as used as well. But for time based locking of the NFT and issuance of some proxy NFT to the user, Smart contracts are required.
LIQUIDATION SC
This will mainly fulfil the following functions:
1.Unlock the NFT and publish it on an NFT marketplace (can be automated using script)
2.Once NFT is sold, then distribute the proceeds to the owner and the investors are done.
CLOSE NFT-BOND SC
Once a successful weather scenario happens, we need to transfer the liquidity and the House/asset tokens to the stakeholders (buyer/seller/treasury) and this is the contract that does it.
This releases the NFT tokens from being locked to a free state and returns it to the owner.
