DeFi NFTs

This project creates a new way for people to invest in DeFi protocols while encouraging discussion and engagement from the community. The main idea of this project is to create a NFT collection that is able to generate income for the holders. After the release of the collection the funds gathered from the sales will be transferred into a Vault controlled by holders DAO instead of the creators of the collection. From there the DAO will be able to vote on investment strategies. Initially, there will be one strategy: investing in the AAVE lending protocol which will generate yield to the DAO. Another unique feature of our project is that at any point a holder of the NFT does not need to look for a buyer to get rid of the NFT. It is possible to Burn the NFT and retain most of the value from it, while the remaining funds will remain in the Vault and the rest of the DAO will profit from them.

We will deploy the contracts to Polygon as the NFT minting is substantially cheaper there. For the first investing strategy we will invest the funds into AAVE which will create a new channel for participating in the lending protocol. The very first use for the earned money from the investments will be used to pay for the NFT images which will be hosted on filecoin. Superfluid will be used to redistributed earning to have a constant flow of money into the Vault. We will also create subdomains on ENS for every NFT holder. And finally we will use Conext for cross chain calls between Polygon and Ethereum