Currently the regenerative finance (ReFi) movement has created both tokens and NFTs. Examples of tokens created are from Toucan Protocol (BCT, NCT), Moss (MCO2), and Klima (Klima). Examples of NFT projects are Unios, NFTree Haus, Endangered Tokens and Ecolabs. ReFi tokens need more holders to increase the token value and the ReFi NFT projects need increased intrinsic value to gain traction. Charged Particles is able to assist in both these areas.
Charged Particles allows for charging the NFTs with tokens. These tokens can be yield bearing (such as Aave aTokens). The yield from tokens embedded in NFTs can be directed towards buying ReFi tokens and furthering the charge of the NFT (as well as holders of ReFi tokens: the NFTs).
Avano aims to assist the Charged Particles community in finding ReFi NFT projects that can be whitelisted, furthering the use of the existing code, and codeveloping new code. Currently NFTs need to be whitelisted to be able to be charged (however in the future any NFT can be charged), the Avano community has extensive experience and connections in the ReFi space and can assist in finding NFT projects to whitelist. Once whitelisted, community members can choose what yield bearing token they would like to charge the NFT with as well as what ReFi token the yield should buy. Other yield bearing sources will be sought and suggested to integrate (such as Olympus, and Klima potentially). Each time a NFT is charged a percentage fee goes to Charged Particles for the use of their code as well as to encourage further community development. Avano aims to be blockchain agnostic and would like to bring the Charged Particles code to the blockchains they decide to operate on, further expanding it. Another example of code development is the use of yield to buy other tokens and automatically charging them in the NFT.
To establish a beginning start to Charged Particles and Avano partnership, we invite the Charged Particles community to support us in sponsoring a hack around the ideas presented. This hackathon will take place starting on Earth Day of 2022 and will enable the ReFi community to make great strides in NFTs for positive environmental impact.