Adding Assets
A user may deposit a whole or partial asset.
To add to the vault, a user must fractionalize their NFT. This can be done at the point of deposit or separately. After depositing some amount of the NFT, the user will be minted shares of the index. The amount of fractions minted will depend on the amount of fractions deposited and and the total supply of the fractionalized NFT. Examples below.
Note: Floor Indexes default to a whole NFT “equaling” 1,000 index tokens.
Supply of NFT fractions
Deposited fractions
Minted index tokens
100
10 (10%)
100
100
20 (20%)
200
100,000
10 (0.01%)
0.1
100,000
1,000 (1%)
10
Consider depositing fractions of an NFT the equivalent of selling them. Anyone may buy out the fractions of your asset from the index after deposit.
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