Inspiration
The On Chain Deeds project has been created to provide users on the Mode Network with a new way to leverage their on Chain Assets in DeFi.
What it does
An On Chain Deed provides a user with a way to aggregate their on chain assets such as NFTs and Tokens into a single ownership deed. This deed can be free transferred once created ceding ownership of the assets on the Deed to the new Deed holder. Thus instead of having to individually transfer each asset the user simply transfers the deed. The Deed can also be collateralized and used for on chain borrowing. This introduces a new super power in that the deed holder can collateralize liquid and illiquid assets simultaneously in the same Deed allowing access to greater capital levels.
How we built it
The project is built using Solidity and React. We created an architecture that will allow us to degen SFS by registering all contracts in our dApp allowing us to capture maximum sequencer value. We also created a Front end contract that makes it easy for users to interact directly via Mode building a much greater level of community trust through verification of what we've deployed.
Challenges we ran into
Our primarily challenge was working out the approvals structures through the architecture and separating deed and token concerns to make for a much easier faster and more enjoyable Mode experience.
Accomplishments that we're proud of
We're really happy our dApp can be run using Mode directly. This makes for a more extensible long term architecture.
What we learned
What's next for On Chain Deeds
Our next step is to create more Mode chain native DeFi products that build on the On Chain Deeds Architecture
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