NFTs are a new model for the patronage of the arts. Collectors buy NFTs to support the artists they love and, in return, receive tokens of their appreciation to display across the meta-verse. What if you could collect NFTs and support art without losing access to your crypto assets?

Staking Auctions Collectors can stake AAVE tokens to the protocol as an NFT “bid.” The highest staked bid receives the NFT, and the staked AAVE generates continuous rewards that go directly to the artist.

If the NFT collector wishes to remove their staked AAVE at any point, 10% of the AAVE will go to the artist, the NFT will be returned to the artist, and the remaining 90% of the AAVE tokens will be returned to the collector’s wallet.

By staking your AAVE, you transform it into a productive, creative asset, generating rewards that fund more of the art you’d like to see in the world.

With this innovation, collectors can share their abundance and leverage their assets to fund creativity and causes they care about. Once again, Marshmello music is at the forefront of innovation by pioneering this new auction model.

Doesn’t seem like a good idea in a highly volatile market?  We totally should try this new auction method. I am curious to see what and how people do it.

The Boom last year has paved the way for massive adoption in lending and borrowing platforms. Big names like Compound and Aave have led the front but are operating with severe limitations.

Twitter Handle Charged Particles publish:  By building with Aave, it unlocks an entirely new token mechanic, allowing your favorite NFTs to hold Aave’s yield-bearing aTokens, creating a new asset class called Interest-Bearing NFTs.

Integrating DeFi Protocols like Aave and NFTs; unlocks new and innovative ways to energize NFTs and create value. This has led to an explosion in the creation and collecting of Interest-Bearing NFTs.  They call this interest-bearing “Charged Particle” on DefiNFTwith Aave.

The DeFi NFTs created via Charged Particles are still standard non-custodial NFTs sold on popular marketplaces like Rarible or Opensea. Still, you’re enabling them to easily hold other ERC-20 tokens and have programmable interest.

When minting – determine how you would like to treat the aToken interest (for example, this charge can be discharged to a different address — the NFT creator, a friend, a charity, etc.)

Select an asset that’s supported as an Aave aToken  and “deposit” it into your NFT. You’re creating a smart wallet for your NFT, allowing it to hold these Aave aTokens. You’ve created a Programmable DeFi NFT!

Aave’s tokens and their yield, in a configurable new way, all within your favorite NFT. Have a favorite NFT you’d like to “Charge” up? Vote in our discord for Charged Particles support of your favorite NFT platform – NFTs created there can be charged!

Basically, imagine an NFT that acts as a basket. You can put other NFTs into that basked. You can also put tokens into that basket, and (using AAVE) those tokens will gain interest over time.